Tag: Redefine Properties
Like many property companies who are allocating its cash wisely during these unprecedented times, Redefine Properties has not declared a dividend for its interim results.
“It is not rocket science, which is why we can do it. We don't have MBAs, we have MBWAs - Management By Walking Around."
Redefine CEO: Why we partnered with Madison & how to deal with the crisis of confidence in SA’s economy
Redefine Properties is strengthening its balance sheet and stretching its logistics platform in Polish market by introducing international real estate private equity firm, Madison International Realty as an equity investor. The CEO, Andrew Konig joins CNBC Africa for more.
South Africa's second largest real estate investment trust, Redefine Properties is optimistic about South Africa’s economic uncertainty by citing an expected 4 per cent distribution growth in the next reporting period. Its Distributions per share for the year ended 31 August 2019 rose by 4 per cent and its headline earnings per share dropped by 42.6 per cent to 39.53 cents per share. Redefine CEO, Andrew Konig joins CNBC Africa for more.
Marc Wainer reflects on his legacy at Redefine Properties, reveals the most satisfying thing he’s ever done
South Africa's second largest real estate investment trust, Redefine Properties is bidding farewell to its founder Marc Wainer. Marc is retiring from the company after building his empire 20 years ago. Joining CNBC Africa is Marc Wainer, Founder of Redefine Properties.
Diversified real estate investment trust Redefine Properties is on a mission to strengthen its balance sheet through asset disposals and reducing the loan-to-value ratio to below 40 per cent as it prepares for a slowdown in the local economy and property market. Joining CNBC Africa for more is Redefine CEO, Andrew Konig.
Redefine Properties’ share price was flat after revealing that it increased its interim distribution below inflation by 4 per cent to 49.2 cents. The property group expects the full year distribution to be similar to first half growth of 4 per cent subject to conditions not deteriorating any further than they already have. Redefine CEO, Andrew Konig joins CNBC Africa for more.