SA CORP Real Estate (JSE: SAC)

3.31 now, down a bit today.

3.31 now, down a bit today.

SAC at R3.51 is trading at a discount to book value on a sector that's been under pressure, but the dividend yield needs to cover the structural headwinds in commercial real estate before I'd bite. Rental growth stalling and tenant quality issues make the valuation trap a real ri

SAC down 1.4% today but the real estate sector's been hammered. At R3.53 it's worth checking the dividend yield and whether management's cut distributions, which would tell you if they're protecting balance sheet or burning cash.

SAC down another 0.80% today, which brings it back to levels we saw three weeks ago. Long-term the real estate sector remains under pressure from rising rates and weak consumer demand, but at these valuations you're getting a meaningful dividend yield if the business can hold its

SAC up 1.36% today but still trading well below its 52-week high, which tells me the market hasn't fully bought into the recovery narrative yet. The dividend yield is holding around 7.5% so there's income support, but I need to see revenue growth accelerate before getting aggress

SAC down 1.61% today but that's sommer just noise with the sector oversold. At these levels the dividend yield starts looking decent and the property portfolio's actual quality isn't reflected in a price that's been beaten down.

SAC taking a knock today at R3.67, down 1.61%, but the property sector's been under pressure so this isn't surprising. Need to see if it holds above R3.60 or if we're heading lower.

SAC GETTING SMASHED BUT PROPERTY PLAYS ALWAYS BOUNCE BACK HARD!! LOOK AT WHAT HAPPENED TO NEPI AND HYPROP WHEN EVERYONE WROTE THEM OFF, MASSIVE RECOVERY PLAYS!! R3.73 IS BASICALLY GIVING AWAY CASH FLOWS AND RENTAL INCOME, THIS IS WHERE REAL MONEY GETS MADE!!

sac getting hammered because the yield on the commercial property book isnt moving, rentals are stuck and theres too much vac in the retail side. compare that to other divvied reits and youre looking at dead money unless they actually start offloading some of the weaker assets.

Do you think the yield on SAC is even real given the property valuations keep sliding. Every REIT in SA is getting hammered on distribution coverage but at R3.73 the market's pricing in more cuts coming. Not saying it goes to zero but where's the floor here if commercial stays broken.

Closing at R3.73 and rentals are still flowing, property sector locally is getting squeezed but the dividend yield keeps me here. Reckon it mirrors the struggle Resilience and Nepi face with the rand and vacancies, but long-term view hasn't changed much. Don't even check the sp, come back in 6 months.

Grabbed some SAC at R3.60 after that mild bounce, reckon the property sector's been beaten down enough that there's value lurking here even if the recovery's slow.

sac sitting at r3.55 and the dividend yield is looking decent if they can hold the rental income steady through this load-shedding mess. retail properties getting hammered but their industrial stuff should weather it better than most reits. could be a patient man's play if you believe sa property bounces back in the next couple years. glta

Good Morning Everyone. SAC sitting at R3.55, diversified across commercial retail and industrial so less exposed to single sector risk. Dividend yield looking solid if they maintain rental collections through load-shedding chaos, thats the real test for property trusts right now.

SAC sitting at R3.55 is cheap if they can get their occupancy rates up on the commercial side. Industrial's been their bright spot but retail's still struggling like everything else. Need to see some decent earnings off the back of the rental recovery, that'll prove the yield story actually works.

SAC's yield at R3.55 is starting to look decent again, especially if they can stabilize the commercial portfolio through this cycle. Comparable REITs trading on higher multiples but SAC's got the rand tailwind and local property exposure without the offshore drag. Catalysts moving forward are pretty clear, new management's been sorting the balance sheet. Patience looks like a real good idea here.

SAC closed R3.47 yesterday and the yield at these levels is honestly starting to look interesting compared to what TRU and NPN are offering. They've been executing on cost reduction and the dividend sustainability looks solid if they can just maintain current production levels. Positioned perfectly for someone with patience, this isn't a quick flip but the fundamentals are there.

interesting numbers on the latest quarterly, revenue up 23% but margins compressed a bit. the rand weakness probably helped top line but cost inflation eating into it. think if they can stabilize opex over next two quarters this thing runs, fwiw at r3.47 not a bad entry point for the long game

SAC at R3.47 is looking decent value if you believe in the turnaround story. Balance sheet's cleaned up a lot compared to where it was, and if they can just get earnings momentum back on track the upside could be solid. Holding for the long game here.