Growthpoint Prop (JSE: GRT) share price, discussion & sentiment

so is 17.69 expensive for grt right now

Do you think the retail weakness is actually priced in at 17.69 or are we still waiting for the next set of numbers to show how bad it really is. Growthpoint's got industrial which is holding up, but those shopping centres are getting hammered.

Well looky look, 17.69 is starting to look decent again. The yield on this thing is still solid if you can stomach the property headwinds, and at least the balance sheet isn't underwater like some of the other REITs. Long term I reckon the industrial and logistics stuff they hold is gonna do better than the retail, especially with everything shifting. Not gonna lie though, rate cuts need to actually happen or we're gonna be stuck here grinding.

17.69 and climbing. lekker start to the day.

Come on 17.30, lets gooo

@thuli_dd aren't the big tenants asking for deferrals though? That's what I've been reading.

GRT playing like the Bulls, slow start then catches fire.

@thuli_dd but are tenants actually paying those escalations, or just agreeing to them on paper?

R17.28, finally some movement!

sorry if this is stupid, but what exactly makes GRT different from just buying a property myself?

Rental escalation clauses holding up better than I expected given the economic backdrop.

Reading the latest results, balance sheet holding up decently for a REIT in this environment.

@someone Ja, exactly. The rental yield is still solid even if sentiment is choppy.

Come on 17.30, we're close!

17.08 holding! Come on baby

Anonymous dumping before close again. Every single week same nonsense.

@someone Ja, that's the thing though. Property market is just stuck.

17.08 holding. Let's go

Stop loss raid written all over this. Same pattern every time.

r17.08, finally some momentum