Resilient reaffirms 5% dividend growth forecast for 2020
The mall owner is trying to invest more capital abroad
25 November 2019 - 14:11
Resilient Reit, the shopping centre landlord worth nearly R27bn, is selling six South African assets and focusing its capital offshore because its local tenants are battling to meet rentals and their customers are struggling.
The company, which was embroiled in a share manipulation scandal in 2018, said it believed eastern Europe was a less risky market and that its strategy was to continue increasing its offshore exposure while maintaining its conservative gearing and hedging policies...
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