CEO Friedrich Esterhuyse says Tradehold is well-positioned to confront the challenges presented by the Covid-19 pandemic
Tradehold stands out as one of the few SA-invested property companies prepared to pay a dividend in 2020.
The group declared a dividend of 30c per ordinary share for the year to February, down 45% year on year. This was despite Tradehold not being a real-estate investment trust . Reits by definition are supposed to pay at least 75% of their distributable income as dividends. Numerous property groups have deferred or cancelled dividend payments given the weak economy and the economic lockdown imposed in response to the Covid-19 pandemic.management team believed the company had weathered the highly volatile and demanding conditions that defined its 2020 financial year to end-February.s well-positioned to confront the challenges presented by the Covid-19 pandemic, even if they continued into 2021.
Tradehold's Southern African properties are owned by its subsidiary, Collins Group, of which Tradehold is a 74.3% shareholder. Its UK assets, which include four leisure malls and some office space located in greater London, are owned by its subsidiary, Moorgarth.“Unlike co-working, where different entities share desk space in an open office environment, Boutique provides clients with a traditional, private office environment.
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