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In South Africa, we don’t do things by halves! While consumers and businesses in many countries are dealing with the dual global crises of Cost of Living and
Yet its share price sank 5% in a single day following a miserable update from Equites.
In ‘a period of incredible turmoil and uncertainty...all of that economic uncertainty has really supported the trend and demand for logistics assets’: CFO Laila Razack – Equites Property Fund.
MONEYWEB app instead? Is this reaction linked to profit-taking or disappointment around the groupâs SA property devaluations? 00:01 Open: Open: Open: Open: Equites Park in Atlantic Hills, Cape Town. Image: Supplied Logistics-focused Equites Property Fund is one of the only local real estate investment trusts (Reits) to pay out its full dividend and increase its distribution per share in the face of the Covid-19 crunch. But its share price fell almost 6% on Tuesday, following the release of the fundâs annual results for the year ended February 28, 2021. INSIDERGOLD Subscribe fo...
Property: Where to be positioned in 2021? Property has been the worst performing asset class on the JSE for over three years now, but any long-term investor knows that real estate is cyclical. The property index has retreated around 40% from its highs in early 2018 and there are many Real-estate investment trusts (Reits) on the local bourse that are trading well-below net asset value and offering attractive dividend yields. This is as a result of many Reits in South Africa being over-leveraged and question marks surrounding property valuations. This is especially evident in property asset cla...