South Africa’s real estate investment trust (SA REIT) sector is heading for a re-rating; the question is whether the sector will rally this year or next?
The SA REIT sector’s focus on improved corporate governance is expected to support positive sentiment for investment in listed property in 2019.
In the last decade, SA REITs have proven their ability to operate successfully on the international stage and play in almost any market in the world. But does this make them truly global real estate players?
Growthpoint Properties' first foray into Eastern Europe receives a mixed reaction from one South African fund manager.
Ingenuity Property Investments sees its headline earnings per share fall 23% from 4.7c to 3.6c in the year to August amid difficult market conditions.
Listed property continues to be an attractive investment compared with other asset classes, but it is likely to achieve single digit total returns this year.
The listed property sector has managed to outperform other equities but has been outdone by bonds during 2016 so far.
US, European and Asian fund managers are apparently starting to bulk up exposure to UK property stocks to cash in on the weaker pound and negative sentiment about Brexit.
Furry of new listings, mergers and acquisitions in the JSE's R450bn listed property sector continues unabated.
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