Metope: 2026 South African Listed Property Outlook

Metope shares its 2026 Outlook for the South African listed property. The investment team looks back at 2025, highlighting that the sector once again delivered exceptional returns in 2025, with South African listed property generating a total return of approximately 30.5%, following the 29.8% gain recorded in 2024.  Performance was supported by a materially more stable macroeconomic environment and a clear improvement in underlying fundamentals. Looking ahead to 2026, Metope expect sector returns to be more earnings-led, underpinned by ongoing real rental growth, the contribution from embedded escalations, further efficiency gains, and the continued rollout of renewable energy initiatives.