Transcend rental collections withstand Covid-19 storm
Residential portfolio remains defensive amid pandemic, but company withdraws guidance
06 April 2020 - 09:25
Rental collections of Transcend Property Fund have not been disrupted due to the Covid-19 outbreak, the company said on Monday, but it has withdrawn its distribution guidance due to an expected deterioration in the economy.
The company owns 23 buildings containing 4,730 rental units worth R2.77bn as of end-December, which it lets monthly...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.