Fairvest increases first-half distribution

Fairvest has reported an increase in distributable income at the halfway stage of its financial year, and expects net property income growth, on a like-for-like basis, to exceed inflation and positive renewal reversion from all sectors for the full-year.

The group, which owns retail centres in rural areas and small towns, declared a distribution of 67.83c per A share and 21.24c per B share for the six months ended March…

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