Q&A with Anchor’s Craig Smith
There will be a sizeable spread in terms of performance between top and bottom performers
The listed property sector had its worst year in memory in 2018 when it lost 25.26% including dividends and capital growth returns. Instead of bouncing back in 2019, it has trudged along with a return of about 4%. But Craig Smith, head of property and research at Anchor Stockbrokers, says he is optimistic about the sector’s performance in 2020. Smith is a chartered financial analyst who began his career with Standard Bank in 2008 as an investment analyst and asset manager. He has also worked at Stanlib Asset Management and was an associate director in the Sub-Saharan Africa capital markets team at property services company Jones Lang LaSalle (JLL). He also runs Anchor Stockbrokers’ property internship. He spoke to Business Day about what may be in store next year.
What trends have stood out for the sector this year?