Reit rebound goes into reverse
A handful of local Reits have had a cracker year so far — but they’ve almost all been offshore focused. For South Africa-only players, it’s becoming difficult to make accurate growth forecasts
13 July 2023 - 05:00
Property share prices have come under renewed pressure in recent months as higher interest rates, a fragile economy and load-shedding start to eat into bricks-and-mortar profits again.
The JSE’s South African listed property index (Sapy) is down about 9% year to date, wiping out most of the gains achieved in the fourth quarter. ..
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.