SA Listed Property Index recorded a positive return of 0.04% for the month ended April 2015

Posted On Tuesday, 19 May 2015 20:11 Published by
Rate this item
(0 votes)

The SA Listed Property Index (J253) recorded a positive return of 0.04% for the month ended April 2015.

The yield to maturity (YTM) on the Long Term Government Bond Index weakened during the month to end the month at 7.96% (7.79% - 31st March 2015). The SA listed property historic yield ended the month at 6.0% excludes Attacq NEPI, Rockcastle and Pivotal (6.0% - 31st March 2015). The SA listed property sector historic rolled yield was trading at a premium spread of 1.95% to the Long term Government Bond yield to maturity at 30 April 2015 (1.79% - 31st March 2015.)  

SA Equities recorded the highest total return (4.70%) of the four traditional asset classes for April 2015. SA Cash (0.51%), SA Property (0.04%) and SA Bonds (-0.49%) were the next best performing asset classes. For the last 12 months SA Listed Property has recorded the highest total return (38.26%), followed by SA Equities (17.82%), SA Bonds (11.89%) and SA Cash (6.67%).  

The market saw the conclusion of Growthpoint’s acquisition of Acucap during the month. Pivotal property fund was included in the SAPY on the 20th April in place of Acucap. From a local results perspective Rebosis reported an 8.2% growth in distribution per unit for its interim period ended 28th February 2015.   

Rebosis and Ascension issued its circulars to their respective unitholders for Rebosis proposed takeover of Ascension Properties.  Redefine International reported its interim results for the period ended 28 February 2015, distribution growth per unit was 6.7% compared to the previous comparable period.   

Vukile raised R1.1 billion and Leaf Capital placed redefine shares valued at R840 million via accelerated book builds.   Both transactions were well supported and were oversubscribed.   

Real Estate fundamentals in South Africa remain challenging, but strong capital markets and lower yields for longer will be supportive of listed real estate performance. In the short term, listed real estate returns are likely to take their direction from capital markets rather than real estate fundamentals. Over the long term, real estate fundamentals will drive performance. .

 

Last modified on Wednesday, 20 May 2015 08:30

Most Popular

Repo rate unchanged at 3.5%

Mar 25, 2021
Lesetja_Kganyago_SARB_Governor
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Park Village Auctions brings to market a well Designed Factory with Offices

Apr 05, 2021
Default Image
Park Village Auctions brings to market a well Designed Factory with Offices

The Business Exchange announces new Dollar-based investment opportunity for South Africans

Apr 06, 2021
David_Seinker_CEO_The_Business_Exchange
Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity…

Absa partners with Amdec Group to bring iconic Harbour Arch development to fruition

Mar 30, 2021
Harbour _Arch_Context
Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban…

Growthpoint completes Cintocare Hospital development - the first of its kind for Africa

Apr 06, 2021
Street view of the Cintocare Hospital
A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE:…

Please publish modules in offcanvas position.