Newpark maintains full-year distribution target as it focuses on finding tenants
Revenue fell 9% in the six months to end-August, but the company has maintained its full-year distribution growth target
09 October 2019 - 14:02
Property group Newpark, whose portfolio includes the JSE’s head office, said on Wednesday that its focus on finding tenants for its mixed-used property 24 Central in Sandton is likely to pay off in its second-half.
The company cited economic pressures on tenants as its interim distributable earnings fell 2.5% to 24.32c to end-August, but it has maintained its growth target of 6% to 8% for its year to end-February 2020...
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