Good run coming to an end
But some PUT’s and PLS’s are starting to look cheap.
Redefine hybrid strategy
Hybrid property loan stock company Redefine says its business practice of combining direct property holdings and listed property instruments offers special benefits for the group.
Redefine fund strategy
REDEFINE Income fund, the R1,6bn property loan stock company, has achieved its goal for the year to August 31, boosting headline earnings a linked unit from 17,44c to 35,03c. It was the company's first full financial year of operation since listing in February last year.
Redefine boosts property sector
Property loan stock company Redefine Income Fund produced headline earnings of 35c a linked unit out of revenue of R215-million during an extremely busy year which ended August.
SA's property sector is bracing for a bumpy ride in the year ahead.
Fund managers do not expect earnings growth; period of consolidation.
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