Listed property stocks a hard sell, say fund managers
Panel of experts at Sapoa conference points to weak economic growth and less capital raising at home
19 June 2019 - 20:38
It is becoming harder to make the case to invest in SA’s listed property stocks while economic growth is weak and funds are raising little capital at home, a panel of landlords and fund managers said on Wednesday at a property conference.
Last year was the worst year for the listed-property sector, which is worth R590bn. It suffered a loss of 25.26%, which includes dividends and capital growth. Moreover, share prices of some companies slipped to well below the net asset value (NAV)...
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