Property group Resilient stayed true to its name and declared a dividend of R1.3bn for the 2020 financial year, something its peers could not do as they were savaged by the Covid-19 pandemic that saw some tenants skip rent payments.

The company, which owns shopping centres worth R23bn and is among the five largest SA-listed real estate investment trusts by market capitalisation, said its local portfolio recorded net property income growth of 5.5% excluding the Covid-19 related discounts.

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