Argosy notes covid risks, maintains dividend

Wed, 20 May 2020

Property investor and manager Argosy Property said it has provided tenants about $2.8 million in rent abatements during the past seven weeks.The firm, which today reported a 3.8 percent lift in net distributable income for the March year, said the covid-19 pandemic had delivered “major challenges” to the domestic and global economy and rising unemployment and weak business and consumer confidence would take time to turn around.“Whilst there is a lot of volatility and uncertainty in the market, we are confident in the res...

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