Resilient to make dividend payments after Covid-19 hit
Mall owner reduces dividend for year to end-June, but says some of its malls achieved sales growth in spite of Covid-19
26 August 2020 - 13:27
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.