It appears property stocks’ four-month rally has lost steam, most likely on the back of less-than-exuberant earnings growth numbers released by several real estate investment trusts (Reits) in recent weeks.   

Between October 27 and March 8, the South Africa listed property index rebounded by 27% to four-year highs. The sector’s long-awaited comeback, after going nowhere for most of the preceding five years, meant listed property trumped other asset classes for 2023.    ..

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