Time to sell Sirius?
Views are mixed on whether the beloved German property play is in a short-term correction, or set for a longer-term sell-off
Sirius Real Estate’s spectacular five-year rally has ground to an unexpected halt. The German business park owner’s share price is down 24% since it hit a record high of R30.67 on January 5.
That compares to a marginal 3% drop in the SA listed property index over the same time and places Sirius as the JSE’s worst performing property stock year to date...