Heriot upbeat about prospects after upping distribtion 10%
19 September 2019 - 12:49
Diversified property group Heriot Reit said on Thursday that it is confident it will manage distribution growth of between 6% and 8% in the year to end-June 2020, despite tough operating conditions in its sector.
The group, which has a portfolio of R4.59bn, upped its distribution 10.4% to 80.87c per share in the year to end-June 2019. However, it had changed its reporting period from the end of May, meaning the results were not directly comparable...
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