CAPE TOWN – RDI, the income-focused UK Reit with a secondary listing on the JSE, delivered strong results in its core business in the six months to end February, chairperson Gavin Tipper said in a statement yesterday.
Diluted net asset value per share declined by 4.4 percent to 204.4 pence per share from 213.8 pence on August 31, 2018.
The share price fell 4.36 percent to R23.91 on the JSE late yesterday afternoon.
Operational performance in the group remained robust, even though it had been a challenging period, he said.
Chief executive Mike Watters said that following unprecedented weak sentiment towards the UK retail sector and the resulting negative impact on asset valuations, RDI had reached a point where decisive action would be taken to accelerate delivery against strategic priorities.