Fairvest shines among domestic property companies
Landlord, which focuses on shopping centres in small towns and rural areas, is optimistic about its tenant profile
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. ..