Resilient proceeds with dividend payment after Covid-19 hit
Property group Resilient stayed true to its name and declared a dividend of R1.3bn for the 2020 financial year, something its peers could not do as they were savaged by the Covid-19 pandemic that saw some tenants skip rent payments.
The company, which owns shopping centres worth R23bn and is among the five largest SA-listed real estate investment trusts by market capitalisation, said its local portfolio recorded net property income growth of 5.5% excluding the Covid-19 related discounts.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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