BRIAN KANTOR: Reit investors may be better off with a smaller piece of a larger cake
After a brutal beating, these property companies would do well to issue more shares and pay off debts
09 July 2020 - 15:31
The threat to the value of SA retailers as cash has drained away during the lockdowns has been as damaging to their landlords. The value of the average market-weighted general retailer and property company on the JSE is less than 40% of what they were worth in January 2018.
The damage to the balance sheets of the property companies from Covid-19 is perhaps far greater than that of average retailers, which have shown a greater willingness to raise fresh equity capital to repair their balance sheets..
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