Financial Mail: Listed property – beware sky-high yields
Perennial blue-chip property stocks like Hyprop, Redefine, Vukile and EPP are trading at dividend yields of unbelievably tempting levels of between 30% and 40%. Consider that late last year, these real estate investment trusts (REITs) were trading at yields of below 14%. In fact, some lower-rated property stocks like Fourways Mall owner Accelerate can now be bought at a yield of 72%. But analysts are warning investors not to be dazzled by what may at first glance appear the buying opportunity of the century. Metope investment analyst Kelly Ward comments.