Atlantic Leaf trims full-year guidance as it eyes debt reduction
The company is shifting focus to industrial properties from retail and wants to reduce its debt
24 February 2020 - 13:00
UK-focused real estate company Atlantic Leaf Properties, which is listed on the JSE, will cut its dividend payout to shareholders in a bid to lower debt and raise cash for acquisitions.
The company said on Monday it had trimmed its distribution guidance by 5% to 9.5p for its year to end-February, as it eyes both new industrial assets and a reduction in its loan-to-value ratio...
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