SAC at R3.51 is trading at a discount to book value on a sector that's been under pressure, but the dividen…by @bombay_coach on $SAC

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