Redefine Properties has done well to meet its income growth targets within the toughest operating environment faced by the listed property sector since the 2008-09 recession, according to commentators. Few property stocks are expected to beat their distribution payout forecasts during this results season. Redefine CEO Andrew Konig said on Monday the group had reported a solid performance for the year to end-August 2017, after lifting its full-year distribution 7% to 92c per share. "Our diversified asset platform has been structured to cope in an environment of prolonged uncertainty and low growth. Reducing leasing risk is very important in the current climate and we have also been investing strategically in what has been a busy year," he said.
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