interesting numbers on the last set of results, NAV per share holding up better than i expected given the l…by @nico_the_analyst on $APF

interesting numbers on the last set of results, NAV per share holding up better than i expected given the load-shedding mess hitting retail portfolios. thing is though, valuations in dev reits are all over the shop right now, so at R0.50 you're not getting a screaming bargain but the yield on distributions if they stick is decent. fwiw if they can actually unlock some of those stalled projects the upside is there, but property recovery in this cycle is glacial.