Metope In The News

Financial Mail: Mega-mall tills still ringing

The suit and tie may be dead, but the latest Louis Vuitton tote or a coveted Patek Philippe watch has lost none of its cachet among the super flash. It’s a trend underscored by results released this week by retail-focused Liberty Two Degrees (L2D), co-owner of some of Gauteng’s smartest shopping precincts. Metope Investment Analyst, Kelly Ward, comments.

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MoneyMarketing: Tax free wealth creation with property funds

Wealth creation through the compounding of South African listed property total returns is exactly what an investment in listed property provides for the patient investor. Coupled with a Tax-Free Savings Account (TFSA), an investor reaps tax savings on the income and capital gains delivered by listed property, which materially enhances the compounding effect on their wealth. Liliane Barnard, Portfolio Manager and CEO at Metope, and Aimee Glisson, Director: Operations, Performance & Risk at Metope, elaborate.

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BizNews: Listed property – who paid the price for Covid-19 lockdowns?

South Africa’s listed property sector performed badly in 2020, with many tenants unable to operate and a resultant knock-on effect on landlords’ earnings. The Covid-19 national lockdown was a significant factor, bringing business activity to a halt for a period. The listed property  industry provided nearly R1.8bn rental support bailouts for tenants, mostly SMEs, and the brunt of these bailouts was ultimately borne by shareholders, investors and pension funds invested in listed property. However, the sector is expected to recover in 2021 as the risks experienced in 2020 can now be quantified or calculated to some degree. Metope CEO, Liliane Barnard, comments.

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Financial Mail: Listed property – oases in a dividend drought

It seems that investors have finally regained — albeit tentatively — an appetite for property stocks. The JSE’s listed property sector has staged a 17% rebound so far this month, with some counters, most notably those focused on retail, up more than 40%. A better-than-expected recovery in foot count and trading densities reported since lockdown restrictions started being eased in June must be helping. Metope investment analyst Kelly Ward comments.

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Moneyweb: Arrowhead’s well-timed turnaround seen in annual results

Arrowhead Properties’ turnaround plan – launched three years ago – could not have been better timed. Now, as the diversified real estate investment trust (Reit) and South Africa’s broader Reit sector faces arguably the worst market conditions due to the Covid-19 crunch, Arrowhead is delivering dividends and is well-placed to weather the storm. Investment analyst at Metope, Kelly Ward, comments

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Glacier Funds on Friday: Valuing property in a COVID-19 world

The sell-off seen this year in the listed property sector was extensive and accelerated sharply after the declaration of the National State of Disaster in March 2020, followed by junk status being assigned to South Africa's credit rating by Moody's (who joined S&P and Fitch rating agencies). This article provides insight into property valuations within the COVID-19 world and how primary drivers of property valuations have changed, as well as insight into how valuer assumptions have been affected by the COVID-19 pandemic. Aimee Glisson, Director: Operations, Performance & Risk at Metope, gives her views.

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Financial Mail: Are SA’s malls still a hot buy?

Dismal results reported by JSE-listed property stocks in recent weeks underscore the extent to which Covid-related trading restrictions have hobbled these companies’ predictable dividends. The key question that property investors are asking themselves is whether it still makes sense to own shares that are overweight in shopping centres. The answer: despite heavy Covid-induced losses, it seems selected retail-focused REITs are still worth a punt. Metope Investment Analyst Kelly Ward comments.

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Provocate/Women in Property: Metope focused on unlisted REITs

Encouraging progress has been made this year in placing the issue of unlisted REITs back on the agenda of the National Treasury, while a further positive development in the listed property sector has been how the industry has worked together to mitigate the consequences of Covid-19. Metope CEO Liliane Barnard elaborates  

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Financial Mail: Why Nepi Rockcastle remains on stock-pick lists

Nepi Rockcastle shareholders hoping that the Eastern European property arm will pay a cash dividend for the June reporting period will no doubt be sorely disappointed. But shareholders won’t be left empty-handed. Management is rewarding investors with a capitalisation issue of 4.2920 ordinary shares for every 100 held. Metope Investment Analyst Kelly Ward comments

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Financial Mail: Self-storage proves a winner for Stor-Age

Unlike most of its listed property peers, which are reporting a pandemic-induced rise in vacancies and falling rentals, Stor-Age - the JSE’s only self-storage company - is still seeing solid demand for its products. In fact, inquiries from people looking for a place to stash their goods have increased by about 10% year-on-year since May 1, when less stringent lockdown restrictions took effect. Metope's Kelly Ward comments. 

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