US EditionCollins Property Group posts results for first year trading as a REIT – Property Wheel
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Collins Property Group posts results for first year trading as a REIT – Property Wheel
Collins Property Group has reported a profit from continuing operations (before non-controlling interest) of R573 million for the year ended 28th February 2025, down from R1 207 million in 2024. The Group says FY2024’s profit was inflated by R667 million due to the write back of deferred tax liabilities due to its REIT conversion. Revenue increased by 1% to R1 247 million due to the sale of non-core assets with its finance costs decreasing by R2…
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