Hammered property stocks poised for a rebound

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Investor appetite is seemingly on the mend now that bad news is priced in

Property share prices, which came under increased pressure in 2019 from weaker-than-expected earnings, have recovered about 3.5% since September 11 when the SA Listed Property Index hit a seven-year low.

Analysts say there has been somewhat of a rebound in investor appetite for property stocks over the past week or so following the release of financial results for the June reporting period.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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