Burstone maintains stable operations despite high rates
Group reports strong leasing activity in the SA portfolio, including long-term leases and early renewals in the industrial sector
20 November 2024 - 20:09
Burstone has reported a stable interim operational performance across its SA and European businesses, despite facing earnings pressure from the high interest rate environment.
The group declared a dividend of 49.53c per share, down 3% but in line with market expectations. The dividend payout ratio was maintained at 90% of earnings, the company said on Wednesday...
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