Arrowhead has declared a healthy dividend of 111.51 cents for it’s A shareholders and 68.74 cents for its B shareholders after its fall earlier this year. However the company’s headline earnings have been negatively impacted by derivatives of R97 million and the devaluation of the group's listed holdings in Dipula and Rebosis of R975 million. Joining CNBC Africa for more is Mark Kaplan, CEO at Arrowhead.
Gemgrow has revealed plans to focus on tenant retention in the year ahead, the real estate trust announced plans of disposals valuing at R330 million in order to reduce loan-to-value ratio by 28 per cent. Gemgrow has announced that dividends of 54 cents per a share and 35 cents per B share has been declared. Joining CNBC Africa to unpack the results is Alon Kirkel, COO, Gemgrow.
Arrowhead Properties reported a drop in vacancies dropped from 12 to 7.9 per cent for the year ended 30 September 2018. The group's property portfolio and listed investments suffered decreased income contributions. Joining CNBC Africa for more is Mark Kaplan, CEO, Arrowhead.