Why I Don’t Hold Retail or Retail REITs

A while ago I wrote a two-part series on the systemic problems facing retailers in South Africa and their knock-on risks to retail REITs (the majority of our JSE-listed property sector): Warning Signs: Retailers, Shopping Centres & Retail REITs (Part … Continue reading

No Forecasts for 2017 Found Here!

At this time of year, I normally put together a nice little article with some broad strokes about what I think the year ahead will hold. The rise of Populism and the potential proliferation of Black Swan events leads me to … Continue reading

Warning Signs: Retailers, Shopping Centres & Retail REITs (Part 2 of 2)

See ‘Part 1’ of this series here. There are three harmonious parts to a Real Estate Investment Trust (REIT): Income: These are predominantly rentals from tenant renting space from the REIT. The lower the vacancy rate and the faster rentals … Continue reading