JSE-listed diversified real estate investment trust Redefine Properties, has reported a lower distributable income per share of 26.2c for the interim period to 28 February 2021, driven principally by the impact of Covid-19 on the property sector and broader economy.

Redefine Properties, which turned 21 as a listed company this year, is well placed to benefit from logistics growth in Poland after hard lockdown restrictions locally and dividends withheld by offshore investments significantly dampened results for the year ended 31 August 2020. 

Redefine Properties (JSE:RDF) has appointed the highly experienced Ntobeko Nyawo as its new CFO, with effect from 1 March 2021.

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