Vukile Property Fund withdraws dividend guidance due to virus
The group is on track to meet its earnings growth target, but will change its dividend policy as a result of the Covid-19 crisis
01 April 2020 - 13:55
Vukile Property Fund, which owns malls in SA and Spain, has withdrawn its distribution guidance for its year to end-March as property companies seek to preserve cash in the wake of the Covid-19 pandemic.
The group, which has consolidated property assets of about R35bn, has said it is on track to meet is guidance of distributable earnings per share growth of between 3% and 5%, but will change its dividend policy...
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