The prices of JSE-listed property stocks continue to see-saw, which suggests investors aren’t betting on a sustained recovery in their own backyards any time soon.

That’s hardly surprising given the barrage of difficulties dampening the earnings and dividend growth outlook for SA real estate investment trusts (Reits). They include a lockdown-induced rise in rental arrears and vacancies, anaemic consumer spending, ever higher operating costs, stretched balance sheets and, of course, renewed load-shedding.

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