Capital & Regional bounces back amid Covid recovery
UK-focused REIT reports improved revenue, rent collections and occupancies despite the current economic downturn
02 March 2023 - 12:47
Capital & Regional, which owns a portfolio of community shopping centres in the UK, bounced back into the black in 2022 as the lifting of remaining Covid-19 restrictions led to an increase in shoppers and improved rent collection rates.
The real estate investment trust (REIT), which is 61.5% owned by SA-based Growthpoint Properties, reported a profit of £12.1m (R263.36m) for the 12 months to end-December compared with a loss of £26.4m a year ago and declared total dividend of 5.25p per share...
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