Listed property: beware sky-high yields
SA’s listed property shares are trading at never-before-seen yields. But not everything is what it seems
Perennial blue-chip property stocks like Hyprop, Redefine, Vukile and EPP are trading at dividend yields of unbelievably tempting levels of between 30% and 40%.
Consider that late last year, these real estate investment trusts (Reits) were trading at yields of below 14%...