Texton cuts dividend 20% after ‘toughest year’ in its history
19 September 2019 - 08:23
Texton Property, whose share price has fallen almost 70% since the beginning of 2016, said on Thursday its year to end-June was the toughest in its history as it slashed distribution 20.1% to 71.37c a share.
The group’s net asset value per share fell 7.2% to 607.89c and its portfolio value 18.6% to R4.4bn, as it grappled with rental reversions in SA and Brexit uncertainty in the UK...
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