Both the property loan stock and property unit trust sectors held up well in the face of market weakness and the 4% increase in interest rates this year,' says the company.

Investors in property unit trust Allan Gray Property Trust (Grayprop) are having to cope with a serious case of stalled earnings growth.

The list of property companies which have reported muted earnings growth is getting longer, indicating that the listed property sector of the JSE Securities Exchange SA is heading for trouble.

Pundits value openness and disclosure above cash flow.

IT IS not every day that a property portfolio of the quality of Richway Retail Properties is available for sale at attractive capitalisation rates, say Primegro joint MDs Martin Ettin and Derek Greenberg, who have secured the portfolio.

As we entered the new century, the two JSE listed property investment sectors, namely the Property Unit Trust sector and the Property Loan Stock sector, had market capitalization of R4.92bn and R3.86bn respectively. Since then the market capitalization for the two sectors has grown from R8.78bn to R12.77bn – a growth of 45% in capitalization over the period.

But listed sector is starting to offer good buying opportunities for investors

But some PUT’s and PLS’s are starting to look cheap.

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.

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.