Since listing on 11 June 2012, Ascension’s property assets have increased by R1,5 billion to R2,3 billion.

Private placement 'fatigue' has been partly blamed for the sharp sell-off in property stocks over the past two weeks.

Annuity Properties reports strong portfolio growth with a 148% increase in portfolio size to R1.4bn for the year ended March 2013.

Property loan stock company Vunani Property Investment Fund has benefited from "tight" management, a stable portfolio, and yield-enhancing acquisitions, according to CEO Rob Kane.

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.

South Africa’s listed property sector continued its slide during the week ending 31 May 2013, as the Rand breached R10/US$ and bond yields moved sharply higher. 

Tuesday, 04 June 2013 15:33

Property stocks extend losses on JSE

Property stocks continued their slide on Friday, taking the FTSE/JSE SAPY index’s losses to 15% from the peak reached two weeks ago.

Listed property prices have seen a rapid correction over the past two weeks, although analysts say this provides opportunities for both investors and companies themselves.

Vunani Property Investment Fund (VPF) expects its distribution per linked unit to be 75c-77c in the year to June‚ from 64.51c in the previous comparative period.

Vunani Property Investment Fund (VPIF) received substantial approval from linked unit holders to raise up to R760 million by way of a rights offer to grow its portfolio.

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