EQUITES PROPERTY FUND
Is the logistics boom fading?
Turmoil in UK capital markets and a looming recession have spooked logistics investors, but Equites appears oversold
13 October 2022 - 05:00
Investor devotion to Equites Property Fund, the JSE’s sole logistics-only play, has waned significantly this year. The perennial outperformer’s share price has cratered about 30% since early January, when it touched a record high of R24.
Equites, of course, reaped rewards from the pandemic-related surge in online shopping in 2020/2021 as a player in the global logistics sector (which provides warehouse and distribution facilities for retailers and e-commerce players to store goods before delivery)...
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