JSE to help property stocks keep their Reits status
Tough trading conditions and the lockdown are likely to hamper the sector’s ability to pay dividends as required
29 March 2020 - 18:09
The JSE is in talks with the SA Reit Association, the voluntary body that represents the interests of listed property companies, to find ways to help cushion the industry from the negative effect of Covid-19.
In a letter sent to listed property companies and their corporate sponsors last week, the JSE said the outbreak of the Covid-19 pandemic had unforeseeable and unavoidable consequences for real estate investment trusts (Reits) that could affect their ability to comply with the JSE’s listings requirements...
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