While many international Real estate investment trusts (REITs) are weighted in favour of a specific sector, this trend has emerged in South Africa's property industry. South Africa tends to have more generalist property REITs that invest in a mix of segments such as commercial industrial, hotel, office and retail. But one of the trends [...]
If recent reports are to be believed, the tale of Edcon, owner of some of the country’s most esteemed retailers, might be reaching its nadir. The company has a range of issues confronting it at the moment, which as the cards currently lie, are all contributing to a potentially disastrous ending. These include, in [...]
HUGE demand for affordable housing should, in theory, make the JSE a popular place for residential landlords to raise capital. Yet, until about a year ago, Premium Properties, now merged with sister fund Octodec Investments, was the only stock among the JSE’s 45-odd real estate counters to offer income-chasing investors part exposure to the rental [...]
The opening line in Charles Dickens’ A Tale of Two Cities — "It was the best of times; it was the worst of times" — perfectly encapsulates the current state of the SA listed property sector. On the one hand, low interest rates and stable sector fundamentals bode well for the outlook. However, some [...]
By Kundayi Munzara* The South African commercial property sector has evolved over the past 20 years, with a higher rate of evolution occurring in the past 10 years. Large commercial property assets, including office buildings and super regional shopping centres, were predominantly held by financial institutions and life insurance companies in South Africa [...]
For the SA listed property sector, 2011 was the year of deteriorating fundamentals as global markets were hit by a series of shocks and events that kept uncertainty high. Company earnings were generally on the downside and guidance was often downgraded to take heed of weak consumer and business confidence. Despite this, the [...]
Listed Property analyst Naeem Tilly commented on Listed property in the 18 Jan 2013 issue of the Financial Mail. Download the full article here.
Johannesburg - Property loan stock Redefine Income Fund (Redefine), which seems determined to boost its portfolio with prime shopping centres, announced on Wednesday it may acquire retail-focused Hyprop Investments in full. Redefine said in a Stock Exchange News Service announcement it had reached a deal with Coronation Fund Managers to increase its stake in [...]