Paraprop lifts distributions as portfolio grows, costs dip

South Africa's Listed Property index produced a total return of 2.23% last month, bringing its total year-to-date return to 37.74%, according to the latest review of the listed property sector by Catalyst Securities, released this week.

The South African Listed Property Index is again set to be one of the top-performing sectors on the JSE, with total returns of 37,74% for the year to date

Further Corporate activity is on the cards for the listed property sector as funds become increasingly aggressive in their drive to bulk up assets under management. The sector has seen a number of mergers and takeovers over the past year, with the Madison managed stable of funds being one of the key players.

SA’s listed property index produced a total return of 6,33% last month, bringing the year-to-date return to 30,17%, says the latest monthly listed property sector overview from Catalyst Securities.

iFour Properties says that the acquisition of six more retail properties in township or rural areas stands it in good stead to take advantage of the growth in the economy.

Listed property loan stock company Premium Properties was the top performing listed property stock in terms of total return for the six months to June this year, according to Catalyst Securities’ July report on the sector.

The surge in listed property prices over the past few years looks likely to continue, according to the latest report from property economists Rode & Associates.

Property group Marriott, which manages listed property fund SA Retail Properties, said on Thursday that most of the 15% of SA Retail unitholders who have said that they will not accept Hyprop's takeover offer are Marriott unit trusts.

The general market view is that listed property loan stock company Hyprop Investments’ hostile takeover bid for SA Retail Properties will succeed.