Time to get back into Equites?
The Reit looks well positioned to capitalise on demand-led growth opportunities
23 February 2023 - 08:00
Is the perennial market darling still on the pricey side or is it a good time to increase your weighting to Equites Property Fund, given its 23% share price slide over the past year?
That’s the question property punters are no doubt pondering amid lingering uncertainty about whether real estate stocks are likely to stage a comeback this year. South Africa’s listed property sector wasn’t a great bet in 2022, with the index ending the year down 7.3%. Capital losses were propped up by a fairly decent 7.8% dividend yield, which brought the sector’s total return into positive territory, albeit only 0.5%...
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