After an initial positive start on Tuesday, property stocks joined the general weaker trend on the JSE in later trade. The brief respite did little to support further confidence in the sector, with capital growth in the share prices of real estate investment property trusts (Reits) set to remain under pressure. But investors will still benefit from the dividend payouts of at least 75% of income, which Reits must do by law. Stocks in the Resilient stable immediately gained following reports that Viceroy Research named Capitec Bank as its next target. Resilient was previously named as the next firm in Viceroy’s sights.
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