- Press
- 2 years ago
South African REIT Investment Properties Losing Value, Outlook Uncertain
A recent article in the IOL looked at the REIT industry in SA.
"Property investors would have shuddered as the value of most of their properties were written down by billions of rand through the Covid-19 pandemic, putting the balance sheets of their REIT investments, already struggling just to collect rents, under additional pressure. Declining property valuations have been a feature of the results of many of the REITS reporting their financial results in the past year, and although these write-downs have not led to any bankruptcies, with loan-to-values generally healthy, property analysts believe the bottom has not yet been reached on property valuations."