Fairvest shines among domestic property companies
Landlord, which focuses on shopping centres in small towns and rural areas, is optimistic about its tenant profile
02 March 2020 - 09:53
Fairvest, owner of retail centres in rural areas and small towns has stood out as one of few SA property funds not seeing its returns wrecked by a weak economy and rising debt-servicing costs.
The company, which released financial results for the six months to December on Monday, said it was on track to deliver dividend growth of 4%-6% in the year to June. This is while numerous other funds forecast flat or negative dividend growth this year. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now