Arrowhead Properties’ dividend shrinks by nearly a third as investments disappoint
The diversified real estate group's investments in other property funds have underperformed
Arrowhead Properties, the diversified property company which was listed in December 2011 by late real estate veteran Gerald Leissner, has released the worst results in its history, with its dividend falling nearly a third in the six months to March.
The group's woeful results announcement on Wednesday was compounded by the news of the resignation of CFO Imraan Suleman following "an instance of the unauthorised use of company resources". ..