Spear Reit grows distributions on defensive portfolio
Acquisition of quality assets rather than quantity would drive portfolio growth in the next 10 years
22 May 2023 - 10:12
JSE-listed Spear Reit reported growth in distribution per share thanks to its defensive core portfolio underpinned by strong lease covenants in sought-after localities in the Western Cape.
For the 2023 financial year, distribution per share grew 11.31% to 75.97c from 68.25c per share in 2022...
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