Metope In The News

Business Day Property Focus: Which stocks should be on your radar?

The slowdown in dividend growth reported by most South African-focused real estate stocks in recent weeks coupled to SA's economic contraction and weaker rand will no doubt prompt investors to re-look their offshore allocations. A key question for investors is which individual counters among the JSE's bevy of close to 20 pure rand hedge property stocks now offer the best buying opportunities? Metope investment analyst Kelly Ward comments.

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Financial Mail: EPP’s turnaround gains traction

Polish retail property company EPP (formerly Echo Polska Properties) got off to a rocky start when it made its debut on the JSE two years ago as back then, SA investors were clearly not yet buying into the Polish growth story. But there appears to have been a marked turnaround in investor sentiment since early this year. Though the counter is still trading slightly below its listing price of R23.50, it has notched up share-price growth of a hefty 45% from February 5, when it hit a two-year low of R14.40. Metope investment analyst Kelly Ward comments.

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Financial Mail: Why township malls outperform their suburban counterparts

Real estate investors may well be tempted to stash their cash elsewhere in light of the disappointing income and share price performances delivered by JSE-listed property stocks this year. Few SA-based real estate investment trusts (Reits) have bucked the general trend. Fairvest Property Holdings is a notable exception. The company, which owns a R3bn portfolio of more than 40 retail centres that cater mostly for lower-income shoppers in townships and rural areas, last week reported dividend growth just short of 10% for the year to the end of June. Metope investment analyst Kelly Ward comments.

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