Of the 10 largest real estate investment trusts on the JSE by market cap, four are up around 100% – effectively double – their lows reached in March or April 2020. This was the selloff as the country headed into the hard Covid-19 lockdown. These were unprecedented times – never before had the country’s entire economy been shut down . Most of the lows were reached on April 3.
3bn sale of its government-tenanted office portfolio Rebosis declares no dividend for third consecutive financial year Its LTV ratio reached as much as the 75.7% in 2019, which saw investors dump stock as Covid-19 scared markets. The share reached a low of 40c on April 3, 2020. Investors who took the risk on this deal concluding would’ve made more than six times their money by now, and more than doubled their investment from the price after the disposal transaction was announced.