Metope In The News

Moneyweb: Attacq’s flagship Mall of Africa devalued by over R1bn in 2020

JSE-listed Attacq’s trophy property asset and South Africa’s sixth largest shopping centre, Mall of Africa, took a valuation hit of over R1 billion in 2020 - highlighting how mega mall owners are being impacted by the ongoing Covid-19 financial crunch globally. However, Attacq's incoming CEO, Jackie van Niekerk, anticipates that valuations will recover in time. Metope Investment Analyst Kelly Ward comments

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Financial Mail: Fairvest sticks to its script, profitably

Fairvest Property is one of a handful of SA real estate investment trusts (Reits) whose share prices are already back at pre-Covid levels. Results from the small-cap mall owner show that a number of trading metrics in its R3.425bn portfolio are moving in the opposite direction to those of most of its JSE-listed peers. Metope Investment Analyst Kelly Ward comments

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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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