New dividend reinvestment plan for Investore Property

Investors heard that supermarkets tended to do well, even in a tighter economic environment. (Image: Investore Property)

Ella Somers

Thu, 29 Jun 2023

Investore Property's dividend reinvestment plan got little fanfare at its annual general meeting on Wednesday, as the property company looked at how it could get ahead in a tough macro environment.Chair Mike Allen said Investore had continued to grow its portfolio and the board was conscious of the risk posed in the current environment and was continuing to take a “proactive and prudent” approach.Investore has 44 properties in its portfolio and 143 tenants. The company saw its portfolio valuation decline by 14.9%, or $185.2...

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