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Octodec grows interim retail income despite challenging conditions

Octodec grows interim retail income despite challenging conditions
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Octodec Investments reports strong financial results

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Octodec posts rental income growth

JSE-listed real estate investment trust Octodec has increased its rental income by 3.2% to R974.2-million for the six months ended February 28, and increased like-for-like rental growth to 4.1%. The net asset value (NAV) a share increased by 3.9% to R24.01 a share, up from R23.1 a share at August 31, 2022. The company's loan-to-value ratio also improved to 38.8%, down from 39.7% at August 31, 2022.

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