Nepi Rockcastle says it expects higher growth in distribution
That is due to an extended process of disposing of its Romanian office portfolio
20 November 2019 - 10:54
Nepi Rockcastle, the most valuable landlord on the JSE, said on Wednesday an extended process of disposing of its Romanian office portfolio should bump up its distribution growth to 6.5% for the year to end-December.
The property company, which focuses on central and Eastern Europe and has a market value of R76.4bn, had previously forecast 6% growth in distribution per share...
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