| Market cap | R53.9B |
|---|---|
| P/E | 7.2 |
| EPS | N/A |
| Div yield | 8.38% |
| 52W high | R18.29 |
| 52W low | R13.94 |
| Volume | 3.73M |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 51 live member stances recorded by registered members on this page.
GRT's been paying out decent dividends while the property market's been rough, which is why I grabbed some a while back. Mostly shopping centres and industrial sheds, so when load-shedding or recession hits retail, the tenants suffer and so does the rent coming in, but the yields are still decent at these levels.
GRT at 15.93, is that cheap for a property share or does it depend on something else?
GRT owns shopping centres and office buildings across the country and rents them out to tenants. That rental income is what pays your dividend when you hold the share. Pretty straightforward business really.
You don't need thousands to start. Open an account on EasyEquities or your bank's app, throw in R500 and you can buy a slice of GRT at 15.93, the fee will be maybe R15 or so. When you place a buy order you're just saying "I want to own a piece of this property company", the system finds a seller and it settles in a couple of days.
All my junk is red, GRT sitting at 15.50 and I'm just watching the rental income dry up as tenants struggle. The dividend's getting squeezed and honestly I'm not sure why I'm holding this thing if they can't grow their properties or raise rents.
A dividend is when the company takes some of the rent money it collects from tenants and hands it to shareholders like us. GRT's been cutting theirs because property isn't throwing off as much cash as it used to, but that's the idea - you own a piece of the buildings, they pay you a slice of what comes in.
Spent some time on the latest results last night, balance sheet's the thing to watch here.
Pulled the latest results, dividend yield still holding up despite the noise.
Property yields are under pressure with load-shedding, and GRT's tenants are feeling it. Until we see actual rental growth or a major new anchor tenant signed, it's just sitting here at 15.50 waiting for something to happen.
Load-shedding's killing me, can't even check prices properly.
Good Morning Everyone When GRT pays a dividend, that's just the company saying to you as a shareholder, here's your slice of the rent money we collected from all those tenants. It's not guaranteed every quarter like clockwork, it depends on whether the rents came in and the buildings are worth what we thought.
Think of it like a shop, ngl. Growthpoint owns buildings all over SA, they rent them out to tenants, and what's left over after they pay rates and maintenance, they give to the people who own the shares as a dividend. That's their whole business, and the share price goes up or down depending on whether people think those rents are safe or not.
@sister_nomvula exactly right. And right now everyone's worried about tenants struggling with load-shedding costs, so they're selling down.
GRT makes money by owning buildings and renting them out, like being a landlord but for shopping centres and office parks. When the rent comes in, they share some of that with people who own the shares, which is called a dividend. The share price moves around daily because people's mood about property and interest rates changes, even if the buildings themselves haven't changed.
@franco_cape is that just today's move or are you worried about something deeper with the properties themselves?