Though the SA listed property index has clawed back a hefty 35% of its losses since the end of October, the share prices of individual counters continue to seesaw — so much so that it’s no longer unusual for the same stock to shed 15% one day and gain 20% the next.

What’s more, most SA-based real estate investment trusts (Reits) — even those that managed to grow earnings despite lockdown-related trading restrictions — have either slashed or postponed dividend payouts this year...