From consumer to dividend: Value
The strength of rents and rental growth forms the basis for sustainable investments that retain and in due course, grow in value. The loss of value due to rising yield requirements in 2008 was limited by the relatively strong net rental growth. Rental income for the overall Corio portfolio is based on about 5,700 rental contracts. With occupancy of 96.8%, ‘like-for-like’ net rental growth of 4.4% was achieved in 2008.
Source: Annual Report 2008, Chapter Overview & Strategy, page 7 (PDF, 476 kB)
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