Fortress withdraws dividend guidance
Property owner is the latest real estate investment trust to be unable to project dividends because of the Covid-19 outbreak
Property group Fortress Reit on Friday withdrew its dividend guidance for the year to June because of the Covid 19 pandemic.
Fortress has assets in logistics, commuter-orientated retail centres, and industrial and office properties. Fortress also owns a 23.3% equity stake in East European mall owner Nepi Rockcastle. ..