Load-shedding at Resilient malls weigh on retail sales growth
Additional diesel, air conditioning and electrical equipment maintenance costs approached R18m
23 March 2023 - 20:55
JSE-listed and retail-focused Resilient Reit recorded retail sales growth of 9.4% for the period ended December, driven by the rightsizing of tenant stores, relocations and other tenant-focused initiatives.
However, Resilient did not reap the full benefits of the strong trading performance during the reporting period as a result of increased costs associated with load-shedding...
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