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Octodec announces interim dividend but offers no earnings guidance

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

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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