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Redefine Properties reports 62.7% drop in headline earnings

17 May 2021 6:50 PM
Tags:
The Money Show
Bruce Whitfield
results
company results
Redefine Properties
Redefine Properties results
Andrew König

The Money Show’s Bruce Whitfield interviews Redefine Properties CEO Andrew König.

Redefine Properties reported a 62.7% decline in headline earnings for the six months to 28 February.

Headline earnings per share dropped to 8.45 cents (from 22.63 cents).

© piren/123rf.com

Redefine’s portfolio in South Africa is valued at R63 billion while its international portfolio is worth R12.3-billion.

The Money Show’s Bruce Whitfield interviewed Andrew König, CEO at Redefine.

We’ve been selling off non-core assets… We’ve downscaled the number of universes we’re exposed to… We’ve sold student accommodation in Australia… and South Africa…

Andrew König, CEO - Redefine

We had to assist our hardest-hit tenants…

Andrew König, CEO - Redefine

There is a place for cinemas, but we need Hollywood to start producing movies…

Andrew König, CEO - Redefine

Listen to the interview in the audio below.


This article first appeared on CapeTalk : Redefine Properties reports 62.7% drop in headline earnings




17 May 2021 6:50 PM
Tags:
The Money Show
Bruce Whitfield
results
company results
Redefine Properties
Redefine Properties results
Andrew König

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