While the market awaits the conclusion of the Financial Sector Conduct Authority’s (FSCA) prolonged probe into allegations of share price manipulation and insider-related trading against Resilient Reit and its associate companies, it appears that investor sentiment is on the mend. The stock rallied about 6% last week following the release of its interim results. This week the share price touched R64.50, which brings Resilient’s share price recovery close to 14% year to date. While the stock is still nowhere near its early 2018 highs of about R150 — and is highly unlikely to get back to those levels any time soon — analysts say increased appetite for Resilient shares has been driven by encouraging results, including a solid performance of the company’s underlying property portfolio. Resilient’s retail portfolio has recorded 4.7% comparable sales growth for the six months to December, comfortably ahead of the 1.4% recorded for SA shopping centres as a whole in the fourth quarter (MSCI...

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