Fairvest, which owns retail centres in rural areas and small towns, has opted to retain its dividend policy of paying out 100% of distributable earnings, saying its assets had proved resilient during the Covid-19 pandemic.

The company declared a total distribution for the year to June of 21.038c per share, down 3.4% on the prior year, its first fall in eight years.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now