SA Corporate’s steady interims exceed expectations
Reit sells down office portfolio under pressure from oversupply and remote working and accounting for only 2% of assets
18 September 2022 - 18:36
JSE-listed SA Corporate Real Estate is confident of more growth as it continues to sell noncore assets to optimise its portfolio after reporting a satisfactory interim performance.
Since January its disposal pipeline, including pending transfers and divestments transferred, is valued at R1.3bn. Should the proceeds be used to settle debt, distributable income growth for the full year is forecast to be similar to that achieved for the first half of the year, said CEO Rory Mackey...
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