Woeful performances from retailers have derailed the results of property company Dipula Income Fund, whose dividends shrank nearly a fifth in the financial year ended August as some tenants struggled to meet rents and others closed their stores.

CEO Izak Petersen said the company had been through “an incredibly difficult year” in which it was held back by one-off costs, including those around tenant failures as well as the unsuccessful takeover offer for SA Corporate Real Estate...

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