Spear REIT records 19.94% decline in distributable income amid Covid-19 slump

Spear REIT’s distributable income per share slumped 19.94 per cent for the year ended February. This is from the prior comparable period. This as the lack of economic activity due to Covid-19 negatively impacted the real estate sector. The Western-Cape focused property investment company has cut its dividend for the first time since it listed on the Johannesburg Stock Exchange. Spear CEO, Quintin Rossi joins CNBC Africa for more.

Fri, 14 May 2021 17:23:12 GMT
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