Oasis Crescent cuts dividend as it invests in pursuing higher-quality tenants
Distribution per share fell 4.3% in the real estate investment trust’s six months to end-August, partially due to investments in security at its assets
23 October 2019 - 08:20
Sharia-compliant Oasis Crescent Property Fund cut its dividend 4.3% to 52.6c a share in the six months to end-August, partially due to marketing and security costs as it seeks high-quality tenants.
The group’s net asset value per unit rose 3.6% to R22.45, with the company saying that investments in marketing and security for higher-quality tenants reduced distribution by 1.2c per share...
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