INVESTING: Dividend dryout becomes the norm in SA’s property market

Backing JSE-listed companies that own properties such as shopping malls, offices, warehouses and housingThe safety of property investments has been so ingrained in the psyche of investors that such investments came with their own idiom — “safe as houses”.

But those days are long gone, says Norbert Sasse, the group CEO of Growthpoint Properties, one of the largest real estate companies in South Africa. Sasse says it would be wishful thinking to expect such dividend payout ratios because the new norm is now payout ratios of below 100%. He told investors that Growthpoint will be at the 80% level in terms of the ratio for a while — “we certainly ain’t going to 100%”.

Although the government has substantially eased lockdown regulations , the property sector is still in a tough space. Growthpoint’s results show that the retail industry has staged a comeback from the Covid slump, with more consumers visiting shopping malls.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 000m² Constantia Property On The Market For R98m [Video]Price Drive in Constantia has earned that name. If you want to live among the haves, the have-yachts, and the have-mores, be prepared to fork out for the privilege.
Source: 2oceansvibe - 🏆 43. / 51 Read more »