RDI makes progress in reducing retail property exposure
CAPE TOWN –
RDI, the income focused UK REIT, which has a secondary listing on the Johannesburg Stock Exchange,has made progress in reducing its retail property exposure, chairman Gavin Tipper said Thursday.
RDI, the income focused UK REIT, which has a secondary listing on the Johannesburg Stock Exchange,has made progress in reducing its retail property exposure, chairman Gavin Tipper said Thursday.
The dividend per share for the year to August 31 came to 10 pence, 3.5 pence lower than 13.5 pence last year.
Group revenue fell 1.6 percent to 93.5 million pounds. Net operating income was down 2.8 percent to 70.3 million ponds and headline earnings fell 3.8 percent to 8.2 pence per share.
Source: iol.co.za