EQUITES PROPERTY FUND
Is Equites running out of steam?
The logistics darling continues to deliver the goods but its shares — back at pre-pandemic levels — are looking a little overheated
05 May 2022 - 05:00
The JSE’s only pure logistics play has by and large dodged the Covid bullet. It’s one of less than a handful of property stocks whose share price is already back to pre-pandemic highs of R20-R22 a share. In contrast, the listed property sector as a whole is still trading 27% below its early-2020 levels.
Unlike most JSE-listed real estate investment trusts (Reits) which either slashed or suspended dividends over the past two years, Equites Property Fund continues to grow payouts. For the year to end-February 2021, dividends were up 2.4%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.