Delta Property Fund cuts dividend but signs a chunk of government leases
The company, which is facing rental reversions and rising vacancies, expects distributions per share to fall 12%-15% in year to end-February
04 November 2019 - 11:01
Delta Property Fund, the black-owned and managed real-estate group which is seeking to merge with Rebosis Property Fund, says it is finally making progress in renewing national government leases after years of frustration.
Delta, which paid only 40% of its distributable income out as a dividend for the six months to August, says it managed to renew 40 of 59 outstanding leases largely with national government in 2019...
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