November 6, 2019 / 7:24 AM / 7 days ago

UK mall operator Intu forecasts lower annual rental income

Nov 6 (Reuters) - Intu Properties said on Wednesday it expects lower rental income for the year as more stores closed down at its shopping malls amidst a broader weakness in the retail sector.

The owner of Manchester’s Trafford Centre said it expects annual like-for-like net rental income to be down by about 9%, and predicted it would fall again in 2020 but at a slower rate. (Reporting by Samantha Machado in Bengaluru Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below