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South Africa's Redefine reports distributable income hit by high interest rates

JOHANNESBURG -South African commercial property group Redefine on Monday said its full-year distributable income fell 4.1%, mainly due to elevated interest rates that increased net funding costs..
-November 06, 2023 at 01:31 am EST
- MarketScreener ....

East Rand , South Africa , Kim Coghill , Christopher Cushing , Nqobile Dludla , Centurion Mall , East Rand Mall ,

Redefine reports distributable income hit by high interest rates

Redefine, a South African commercial property group, reported a 4.1% decrease in full-year distributable income, primarily due to higher interest rates. Group revenue increased 16.1%. ....

South Africa , East Rand , Centurion Mall , East Rand Mall ,