SHARE ANALYSIS: Resilient Reit
Resilience in the face of ongoing uncertainty
Hardly a month has gone by this year that Resilient Reit hasn’t tested another new high. In early November, the perennial outperformer hit a record of R144, bringing the counter’s share price gain for the year to date to 25% (to November 13). That compares to a 4.5% rise in the SA listed property index as a whole over the same period and places the mall owner as one of the sector’s top performers year to date — alongside mostly pure offshore plays like Sirius Real Estate, Greenbay Properties and MAS Real Estate. The continued rise in its share price no doubt places Resilient in expensive territory. At a forward dividend yield of around 4.6% the counter is now the only SA-based property stock trading at a yield below 5% — compared to yields of 8.5%-14% on offer from most other local counters. However, the general view among analysts and fund managers is that Resilient’s demanding valuation is justified by its impressive earnings growth track record and management’s ability to create ...
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.