Delta Property Fund forecasts lower earnings
The landlord blames the expected 8%-10% earnings fall on ongoing lease renewals
03 June 2019 - 08:11
Delta Property Fund expects earnings to fall again in the year to end-February 2020 due to pressure on rentals, the landlord said in its annual financial report on Monday.
“While ongoing lease renewals provide much-needed stability and certainty of income over a longer tenure, it does translate into short-term sacrifice in the form of negative reversions,” the group said...
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