Property groups start to claw back R230bn in lost market value
Reits are gaining ground on the prospect of lower interest rates, adding 22.7% in the past three months
15 February 2024 - 05:00
With listed property stocks slowly coming back into favour, the industry still has a long way to go to regain its pre-Covid levels with the combined market capitalisation of groups listed on the JSE having more than halved in the past six years.
Listed property companies lost R230bn in market value since 2018 as market conditions took a turn for the worse due to the pandemic which affected occupancy as companies cut down on office space. The sales side of the market was also hit by high interest rates, which affected the availability of capital and the demand for investment in property...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.