SAC's yield at R3.55 is starting to look decent again, especially if they can stabilize the commercial port…by @guppy_jse on $SAC

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.