Reit rally fizzles out
Long-suffering property investors can expect renewed pressure on dividends if rate cuts are pushed out
18 April 2024 - 06:00
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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