RDI Reit cuts retail exposure amid rise in e-commerce and Brexit uncertainty
The UK landlord is targeting further disposals after selling a German shopping mall during its year to end-August
24 October 2019 - 10:36
London and JSE-listed landlord RDI said on Thursday that it intends to cut its exposure to retail assets even further, after seeing a 4.6% decline in net rental income in its year to end-August.
The landlord cut its dividend per share 25.9% to 10p for the period, with net rental income from continuing operations — which excludes disposals — falling to £80.8m from the prior period’s £84.7m...
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