Mall owner Nepi Rockcastle ‘primed to be top performer’
Nepi Rockcastle, which owns malls in nine countries in central and Eastern Europe, says it has beaten its distribution guidance in its year to end-December, citing the rapid growth in consumer spending in the areas in which it operates.
The group, which is the largest listed property stock on the JSE with a market capitalisation of close to R74bn and €6.3bn (about R102.5bn) worth of assets, saw its total distribution per share rise 6.6% to 56.33 euro cents, slightly higher than the 6.5% growth the company had expected, with the group reporting that many of its tenants were reporting increased footfall and higher sales...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.