Business
COVID-19 restrictions: specialty retailers behind in rent – NEWS.com.au
Specialty retailers fall behind in rent, dent shopping centre owner profit
Shopping Centres Australasia Property Group has reported a 22 per cent slump in full-year net profit as specialty tenants fall behind paying rent, with coronavirus restrictions denting their sales.The shopping centre investment and management group posted a net profit for the year to June 30 of $85.5 million, mainly due to a COVID-19 earnings impact of $20.5 million and an investment property like-for-like valuation decrease of $87.9 million.
Chief executive Anthony Mellowes said convenience-ba…
-
General21 hours agoCoalition abandons ‘end’ to work from home, walks back 41,000 job cuts
-
Noosa News11 hours agoBanana farmers still salvaging fruit four weeks after ex-Tropical Cyclone Alfred
-
Business15 hours agoBattle of the ASX ETFs: Why has VGS outperformed VTS this year?
-
General24 hours agoLiberals dump NSW candidate who said women should not serve in ADF combat