Retail-focused Acucap and office-biased Sycom announce distribution growth of 5.9% and 4.4% respectively for the six months to September.
The volatility of the listed property sector over the past two weeks can be largely explained by movements in bond yields and the rand, and given the market’s close correlation to bonds, analysts say it may remain volatile in the short term.
Although the South African listed property market is 48 times the size it was 12 years ago, the unlisted sector remains substantial, holding some of the country’s most prized assets.
Rebosis remains confident it will achieve its target distribution growth of between 7.6% and 11.1% for the full year ended August.
THE weakening bond market is a key risk to sustained high returns from the local listed property market
Yield-enhancing acquisitions, A-grade properties and management's hands-on approach ensured that Sycom Property Fund weathered a tough office market and continued to grow earnings.
LOCAL property companies looking to expand into Africa should consider doing so via joint ventures with seasoned developers on the continent, such as Atterbury, Alternative Real Estate fund manager Maurice Shapiro said on Thursday
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