Lighthouse Capital says its new focus on owning property directly and no longer buying stakes in infrastructure assets is starting to pay off.
It now owns two malls in Portugal and one in Slovenia. After the returns of capital payments, the vast majority of the group’s revenue was generated from its direct property investments. “The board’s distribution policy allows for the retention of distributable earnings. The board has declared a distribution of 1,5000 euro cents per share for the six months ended March 2019,” it said.
Lighthouse is a member of the Resilient group of property companies alongside Resilient, Fortress and Nepi Rockcastle, which saw a large sell-off of their shares in early 2018.
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