Octodec announces interim dividend but offers no earnings guidance

France Nouvelles Nouvelles

Octodec announces interim dividend but offers no earnings guidance
France Dernières Nouvelles,France Actualités

Real estate investment trust expects little growth in rental income with rising inflation increasing costs and squeezing income

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Inner-city property owner Octodec Investments declared an interim dividend on Tuesday but didn’t provide guidance for second-half earnings and distributable income because of the uncertain political climate and weak economic growth.

With SA’s economic growth expected to be less than 2%, together with the war in Ukraine and the Covid-19 pandemic, the real estate investment trust expects little growth in rental income with rising inflation increasing its costs and squeezing net property income...

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France Dernières Nouvelles, France Actualités

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