SA Reits outshine equities and bonds as income growth drives returns
South African REITs rose in July, delivering a 1.4% total return versus 1.2% for the JSE all share index and -1.4% for the all bond index, according to the SA REIT Association Chart Book by Merchant West Investments. YTD to end-July return was 7.8%. Rolling 12-month distribution growth was 10.58% at end-June. Vukile, Burstone, Redefine and Texton gained; Hyprop raised about R739m and Fairvest plans a separate Onepath fibre REIT listing.



