Killarney Mall owner Octodec reports income growth largely driven by its residential portfolio
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GUEST – Jeff Wapnick – Octodec Properties CEO
Octodec Properties, which has a roughly R11 billion diversified portfolio that includes Killarney Mall and Woodmead Value Mart, said on Tuesday it has kept its interim dividend steady despite pressure from both municipal failures and higher operating costs. But, while the group is still confident in the quality of its assets, it has decided not to provide second-half guidance due to the risks posed by SA's elections and elevated interest rates.
Octodec Properties, which has a roughly R11 billion diversified portfolio that includes Killarney Mall and Woodmead Value Mart, said on Tuesday it has kept its interim dividend steady despite pressure from both municipal failures and higher operating costs. But, while the group is still confident in the quality of its assets, it has decided not to provide second-half guidance due to the risks posed by SA's elections and elevated interest rates.