Nesi Chetty from Momentum chose Vukile Property Fund as his stock pick of the day. “Vukile is a company that we have liked for a while, we think they have a very defensive portfolio and with that they are trying to supplement it with international business. This results in around 28% of net operating income now comes from Spain. Within the last six months they have done four acquisitions, where they bought Unibail-Rodamco-Westfield assets, which is giving them good offshore growth. The distribution per share is between 7.5% and 8.5%, and it is on an attractive forward yield of close to 9.4%.”

Or listen to the full audio:

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now