Exemplar eyes double-digit dividend growth as vacancies fall
The township-focused landlord more than doubled its interim dividend to end-August to 43.77c
01 November 2019 - 14:49
Exemplar, a rural-retail focused real-estate company, said on Friday falling arrears and rising vacancies meant it was on track to deliver double-digit distribution growth for its year to end-February 2020.
Unlike other JSE listed property counters who have reported negative rental reversions, township-focused Exemplar reported an average escalation of 6.82% on renewals and new tenants in its six months to end-August...
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