Castleview Property Fund raises dividends by a third
The mall owner says it is too soon to give forward guidance on distributions, as the effect on tenants is unclear
12 June 2020 - 14:15
Castleview Property Fund, which has the Pier 14 shopping centre in Port Elizabeth as its sole asset, has raised its total dividend for the year to end-February by more than a third, due to increased sales by its tenants.
Total dividends for the year amounted to 51.8%, a 37.5% increase, with the group total sales by tenants rising 2.8% during the year...
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