SA Reit Association in talks with property companies over withholding of dividends
Texton Property Fund and Redefine Properties take step due to liquidity issues
26 January 2021 - 19:19
The SA Real Estate Investment Trust (Reit) Association is in talks with its members about their plans to survive the Covid-19 pandemic by withholding dividend payments.
On Friday, Redefine Properties, with a market capitalisation of R19bn one of the JSE’s ten-largest Reits, became the second listed property fund to say it would pay no dividend for its 2020 financial year to August...
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.