EPP ‘cautiously optimistic’ for 2021 as further Covid-19 restrictions loom

JSE-listed Polish retail landlord EPP reported earnings of €5.56 a share for the year ended December 31, 2020, exceeding the company’s guidance of between €4.75 and €5.25 a share. This, combined with a strong retail rebound in Poland and “promising” economic prospects, bodes well for EPP’s future performance, the company said on March 10. The company did not, however, distribute a dividend for the second half of its financial year as a means to reinforce its capital structure, given ongoing Covid-19-related challenges.

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