Castleview lifts dividend by two thirds as retail recovers
The shopping centres owner’s revenue rose by double digits in its year to end-February, boosted by a new asset and a Covid-19 recovery
20 May 2022 - 08:41
Castleview Property Fund, which owns shopping centres, has upped its dividend for 2022 by more than two thirds, bolstered by its new asset in Cape Town and a meaningful recovery for SA’s Covid-19 battered retail sector.
Group revenue rose 16.1% to R57.6m in the year to end-February and headline earnings 72% to R19.17m, boosted by the non-recurrence of the R4.3m in rental discounts in the prior year...
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.