Liberty Two Degrees profit falls as debt costs rise
Interest expenses rise after it raised R1.5bn in debt, partly used to buy out its external management company
24 February 2020 - 09:07
Liberty Two Degrees (L2D), says premium asset Sandton City, of which it owns a quarter, is outperforming other super regional malls which are losing tenants monthly and struggling to deliver trading density growth in excess of inflation.
Management said the strong performance from the iconic shopping centre had ensured it maintained its dividend payout while some of its peers saw dividends fall in the same period. ..
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