Do you think the yield on SAC is even real given the property valuations keep sliding. Every REIT in SA is…by @cape_steel on $SAC

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.