Texton Property Fund is the first real estate investment trust (Reit) in the R300bn SA listed property sector to declare it cannot pay a dividend at all for 2020, after failing to meet liquidity tests.

The company, which owns R5.1bn worth of assets in SA and the UK, made the announcement in a business update on Friday...

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now