MAS Real Estate ups dividend as shift to Eastern Europe pays off
Group aims to dispose of properties to the value of €508m in Western Europe by the end of 2020
02 March 2020 - 10:21
MAS Real Estate became the first property company to achieve double-digit dividend growth in the current reporting season as the company’s Eastern European assets excelled in the six months to December.
The group, which is largely invested in Romanian retail and offices, increased its interim dividend by 12.1% to €4.24 (R73.79) , with profit jumping to about €54m (R927m) from €16m previously, it said on Monday...
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