On a the same days that Sirius Property Fund and Vukile Property Fund released their results, Craig Pheiffer from Absa Stockbrokers & Portfolio Management chose Equites Property as his stock pick of the day. Investors need to have a good spread of property stocks, but the one that gets his vote is Equities Property Fund, which listed in about June 2014. It is solely focused in a logistic space in quality locations and, so far, had done everything right, he says. The share has had a great run on the market this year. This has possibly reduced the yields down to around 6%, which looks a bit expensive but he thinks that the share has a good built-in growth path for the distributions.
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