Indluplace to hold on to interim dividend due to Covid-19 uncertainty
23 April 2020 - 09:24
Indluplace Properties, which owns residential properties in SA’s major cities, will hold on to its interim dividend for the period to end-March, reporting it had received half of the rent due for April from its retail tenants.
The group has a portfolio of about 170 buildings worth about R4.2bn, reporting it had collected more than 85% of its residential bills. Retail tenants only comprise 5% of its total revenue...
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