The listed property sector is having its worst run in 21 years, with yet another month of negative returns in July. The FTSE/JSE SA listed property index (Sapy) has lost more than 20% so far in 2018. It continues to face myriad challenges, including weak economic growth and uncertainty about land reform, which have deterred institutional investors. There are no signs the index, which includes the 20 best- rated property stocks, will recover markedly in 2018, but some analysts believe the upcoming improved financial results season may help to increase interest in the sector. "Don’t write the sector off just yet. With yields where they are at the moment, it is an incredibly attractive entry into listed property, so possibly interest will start to reignite after all the June results are in," said Metope Investment Managers fund manager Kelly Ward.
The sector was trading at a yield of about 8.67% at the end of July, according to Catalyst Fund Managers. This was above numerous gove...
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