Business
How this ASX REIT finished 2020 in positive territory
The Goodman Group (ASX: GMG) share price was one of few ASX real estate investment trusts (REITs) to finish 2020 well into positive territory. Let’s take a closer look at how the sector overall performed in 2020.
Pandemic woes for office and retail spaces
Retail and office-centric REITs struggled last year as COVID-19 shut down most shopping centres and the workforce largely shifted to working from home. Rent collections became a huge point of contention with rent cash collections falling significantly during the months of April and May 2020.
Scentre Group (ASX: SCG), for example, saw its rent collections fall as low as 28% and 35% in April and May respectively, before a gradual recovery to 88% and 96% by September and…
-
Noosa News15 hours agoMan allegedly killed at teenage house party identified as co-founder of Universal Store
-
Noosa News20 hours agoFather found stabbed dead upstairs at teenagers’ Brisbane house party
-
Noosa News21 hours agoSA ban on plastic produce stickers on hold as growers struggle with costs
-
General21 hours agoJim Chalmers will have to juggle competing demands to secure tax reform