Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.
Property is a distinctly unique asset class, and REITs are complex operating businesses. Local and international research shows that property portfolios perform better when professionally managed and that REITs outperform physical property portfolios. REITs are a liquid investment, which you can buy and sell cheaper and quicker than physical properties, and they offer a tax-efficient structure. REITs offer a unique investment proposition that satisfies both income investors seeking yield and equity capital investors seeking total return. While SA REITs are not immune to the struggling SA economy, they offer less volatility and their dividends are highly predictable and reliable with the potential for good medium- to long-term capital appreciation. A growing number of REITs have diversified internationally, offering an investment that is disconnected from the SA economy for those seeking this option.
Estienne, CEO of Growthpoint Properties
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