Vukile Property Fund, the JSE-listed real estate investment trust (Reit) with interests in SA and Spanish malls, has warned its shareholders that its dividend will be slashed by nearly a third as the Covid-19 pandemic prevented the company’s tenants from trading in the early part of 2020.

The company, which has Laurence Rapp as its CEO, said on Friday that Vukile’s unbroken, 16-year record of dividend growth would end. In June, the company released preliminary financial results for the year to end-March. When it did so, it deferred its decision to pay a dividend or not.  ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now