Wednesday, June 26, 2013

SA Listed Property Update - June 2013

The sector has now given back all of the first quarter’s impressive gains and is flat year-to-date.
As a result of last week’s price declines, the one year forward yield on the listed property sector has risen to 7.3%, while prospects for medium-term growth in distributions remain unchanged at 7% to 8% per annum.

Might be attractive to enter the sector at these levels. By way of indication, Growthpoint hit R23 this week, placing it on forward yield of 6.73%. R22.15 if possible will give an investor a 7% forward yield. 

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