Financial Mail: Offshore trumps local

A number of SA-focused property stocks have fallen sharply in recent weeks while investor appetite for the JSE’s rand hedge offerings appears to be stronger than ever. Despite concerns that offshore counters are starting to look expensive, the likes of Greenbay Properties, Sirius Real Estate, MAS Real Estate and Nepi Rockcastle continue to test new highs. The trend has no doubt been supported by the recent spate of less-than-impressive results reported by SA real estate investment trusts (Reits).

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