Sold half my GLPROP at R49.50 last week because property valuations are stretched relative to the dividend…by @julianreins_jse on $GLPROP

Sold half my GLPROP at R49.50 last week because property valuations are stretched relative to the dividend yield, and today's 1.47% dip doesn't change the fact that global real estate is pricing in rate cuts that may not arrive as quickly as the market thinks.