Redefine Properties raised its interim distribution to investors 4% to 49.19c per share. Distributable income in the six months to end-February grew 4.8% to R2.7bn, versus 8.6% a year before. The real estate investment trust (Reit) — which invests in SA, Poland, the UK and Australia — said its property portfolio was worth R92bn at the end of the period, a marginal increase. Redefine said it expects to maintain its 4% distribution growth rate for the full 2019 financial year amid ongoing uncertainty. For a closer look at the numbers and the company's prospects, Business Day TV spoke to Redefine Properties financial director Leon Kok.

Or listen to the full audio:

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now