Metope In The News

Investors Monthly August 2018: Property shares – ripe for picking

The dismal performance of the listed property sector year-to-date has no doubt prompted property punters to reassess their investment strategies.  However, industry players believe the correction has been overdone: property stocks are now trading at record high yields, with as many as 20 out of the sector's 50-odd counters offering income chasers yields of between 10% and 18%. That offers value relative to long-term SA government bond yields, which are sitting at around 8.8% (mid-August). Metope investment analyst Kelly Ward comments.

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Financial Mail: Dividend outlook dims

Shareholders of embattled property stocks Resilient Reit and Fortress Reit (B shares), which have both recorded share price losses of 62% in the year to date, will have to be satisfied with far more subdued dividend payouts than the double-digit growth they have become accustomed to in recent years. However, while the property stocks are only expected to return to inflation-beating dividend growth in 2020, both are starting to reappear on buy lists. Metope investment analyst Kelly Ward comments.    

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Business Day: Listed property hits 21-year low

The listed property sector is having its worst run in 21 years and continues to face myriad challenges, including weak economic growth and uncertainty about land reform, which have deterred institutional investors. However, some analysts believe the upcoming improved financial results season may help to increase interest in the sector. Metope investment analyst Kelly Ward comments.

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SAPOA – Women in Property: Keeping a watchful eye on REITs

In her 30 years in the commercial property sector, CEO of Metope Investment Managers Liliane Barnard has held many positions, including those of Head of Asset Management at Old Mutual Property and independent non-executive director of Pangbourne, Emira and Redefine. “It’s an amazing career,” she says. “You can work for any of the large or small firms that offer a variety of different opportunities, or you can work for yourself. I’m encouraged by the increased number of young women venturing into our industry – their impact on the broader environment is becoming visible in a very positive way." Read the full interview below.

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