Redefine Properties, one of the JSE’s biggest property guns, appeared on multiple stock-pick lists earlier this year. That came on the back of a double-digit dividend yield and management making impressive strides to streamline the portfolio and repair an overstretched balance sheet.

Yet the real estate investment trust (Reit) is still trading at a 43% discount to NAV. And despite delivering a decent set of results this week — distributable income is up 26% for the year to August — there’s been little movement in the share price...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.