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Higher interest rates will hit earnings, Fairvest warns

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To combat the effects of power cuts, Fairvest has installed 35 solar plants, which deliver 14.9MW of electricity, while another four are being built

Interest-rate hikes will affect the earnings of Fairvest, the owner of retail centres in rural areas and small towns.

“The significant increases in interest rates during the year will, however, have an impact on earnings for the 2023 financial year,” the real estate investment trust said on Wednesday in its latest results...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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