Indluplace warns 2020 dividend will fall as rising municipal charges bite
13 November 2019 - 09:15
Indluplace Properties, which owns residential properties in SA’s major cities, said on Wednesday it expects its distribution per share for its year to end-September 2020 to fall as much as 9%, as it continues to battle with subdued rental escalations and rising municipal costs.
The group trimmed its dividend 20% to 78.25c for its year to end-September 2019, reporting an 8% rise in operating costs to R273.5m as municipal costs continued to rise above inflation...
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