Durable assets shore up profitability at Safari Investments
Total comprehensive income rises almost 150% as essential goods keep retailers afloat
30 June 2021 - 18:48
Property group Safari Investments, which owns eight malls in towns and semiurban areas, improved its profitability in the year to end-March, as SA exited a hard lockdown and tenants started to pay their full rent again.
Safari, a real estate investment trust (Reit), reported on Wednesday that its total comprehensive income increased by 149% to R267.5m in the reporting period from R107.6m in the year to end-March 2020...
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