With a focus on derisking its balance sheet and bolstering liquidity, JSE-listed real estate investment trust Redefine Properties has increased its cash and committed access facilities from R2.8-billion in the 2020 financial year, to R5.8-billion for the financial year ended August 31. As such, the company declared a dividend of 60.12c a share for the year, on the back of Redefine’s board resolving not to pay a dividend in 2020 after the ongoing Covid-19 uncertainty and its impact on the company’s liquidity.
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