While the COVID-19 third wave and severe social unrest have hampered sentiment, Redefine Properties says it has trimmed down and simplified it’s local and offshore property platforms, resulting in the de-risking of its balance sheet and providing it with sufficient liquidity to position the company for exciting new opportunities and a potential resumption of paying dividends.  

Redefine Properties is leading the charge towards a sustainable future in the property sector with a R1 billion issuance on the JSE for its first sustainability-linked bond.

JSE-listed diversified real estate investment trust Redefine Properties, has reported a lower distributable income per share of 26.2c for the interim period to 28 February 2021, driven principally by the impact of Covid-19 on the property sector and broader economy.

Monday, 22 February 2021 15:19

Redefine well positioned for upward cycle

JSE-listed REIT, Redefine Properties, says its balance sheet is in a stronger position than it was before the COVID-19 pandemic struck and that it should be well-positioned to take advantage of opportunities by the end of the financial year in August. 

JSE listed diversified real estate investment trust Redefine Properties has announced the decision by its Board to resolve to not pay a dividend in respect of FY2020 in the face of ongoing Covid-19 uncertainty.

Redefine Properties, which turned 21 as a listed company this year, is well placed to benefit from logistics growth in Poland after hard lockdown restrictions locally and dividends withheld by offshore investments significantly dampened results for the year ended 31 August 2020. 

JSE listed diversified real estate investment trust Redefine Properties is pleased to announce that it has reached a mutually beneficial and alternative arrangement relating to the conclusion of the sale of the Mall of the South (MOTS).

Redefine Properties (JSE: RDF) continues to advance its strategic priority of strengthening its balance sheet to offset the ongoing uncertainty and negative effects of the COVID-19 pandemic.

Redefine Properties (JSE: RDF) announced today that its competitive bidding process to sell its interest in Journal’s two student properties in Australia has been concluded at A$459 million.

JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along with equity partners Madison International Realty and Griffin Real Estate in European Logistics Investment BV  and in joint venture with its strategic development partner Panattoni Europe.

Page 1 of 9

Most Popular

Prevance Capital launches the Executive Premier Funding Solution, targeted at experienced, successful property developers and businesses in South Africa

Sep 14, 2021
Are you tired of waiting for lengthy traditional funding methods to be approved? Prevance…

Attacq sees success with high-rise development The Mix

Sep 22, 2021
Giles_Pendleton_Attacq
Waterfall’s latest high-rise residential development, The Mix Waterfall, is approaching…

Multinational companies moving into Nairobi’s new Garden City Business Park

Aug 31, 2021
Garden City Business Park in Nairobi Kenya
With its modern, flexible workspaces and landscaped courtyard areas, the newly completed,…

SAIV offers advice to property owners affected by the July 2021 unrest: You may be eligible for legislated economic relief

Sep 10, 2021
Janet_Channing
The civil unrest seen in KwaZulu-Natal and parts of Gauteng in July had a devastating…

Another record sale in Johannesburg CBD

Sep 01, 2021
Johannesburg CBD -3
Aucor Property has once again set a record with the sale of 4 mixed-use, multi tenanted…

Please publish modules in offcanvas position.