SA Corporate’s woes persist as vacancies rise and dividend plummets
The group reports it is battling with rising utility costs and increased vacancies due to SA’s weak economy
11 March 2020 - 10:49
SA Corporate Real Estate expects distribution for its 2020 financial year to fall by between 3% and 6%, as the property sector struggles in SA’s anaemic economy.
The diversified real estate investment trust saw the income it pays to investors fall 9.9% in the year to December, to 38.04c, as vacancies doubled to 4.2% and rising operational costs bit into its profits. ..
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