Fairvest, which focuses on shopping centres in smaller towns and rural areas, warned on Thursday that pressure on rental incomes as a result of weak economic conditions means it may not meet its historical distribution growth of about 10% in 2020.

The group said on Thursday that it expects distribution growth to slow as it renews leases, even as it said it once again beat inflation in the six-months to end-June, when its distribution grew 8.1% to 21.77c per share.

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