Resilient Reit is putting on ice its plans to build 10 shopping centres in Nigeria.

Fortress Income Fund more than doubles its B-share dividend to shareholders in the six months to December.

Nepi achieves a 62% return last year, ranking it second-best in the listed property sector.

As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.

Until recently, Growthpoint Properties and Redefine Properties were the largest listed South African real estate groups, leaving institutional investors with limited choice.

According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a negative total return (-6.12%) for the month ended 31 December 2015.

The weeks-long relentless heat wave hitting South Africa provides a direct contrast to what is happening to the rand: a tsunami.

Investors might be in a rush to see the back of 2015. Despite a dispirited Alsi, the property sector presents signs of good health.

New Europe Property Investments announced an equity raising of R1bn through the issue of new shares.

Most property funds that have listed in the past two to three years have matched or outperformed investors’ expectations.