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SCD at R1430 is priced for a mature European real estate market, and with dividend yield around 3.5-4% it's decent income if you believe the eurozone property cycle holds. The risk is that rates stay sticky and cap growth, but the fund's diversification across countries and prope
Picked up some SCD at R14.86 this morning, reckoning the European property cycle still has legs despite the macro noise, though I'm not chasing here given the flat tape today.
SCD up 4.28% today and that's the kind of move you want to see from a REIT when the macro winds are shifting. European property exposure getting some relief lately, reckon this could have more room if the ECB stays accommodative.
european property plays getting hammered but scd at r13.78 is a steal if you believe in the recovery thesis. dividends are solid and you're getting commercial real estate exposure without having to buy direct, which is the whole point of reits. people panic selling because rate hikes but portfolio quality is there.
SCD sitting at R13.78 and honestly the euro property play is starting to look decent again. European retail's been battered but their office holdings are holding up better than the doom merchants said. Dividend yield still attractive if you're not chasing quick gains. Long game this one.
SCD sitting at R13.78 and honestly the euro property exposure is lekker for someone tired of local load-shedding drama, just need to watch those dividend yields hold up with the rate environment shifting. Div stocks like this one can get hammered if rates stay sticky but the underlying assets in europe aren't going anywhere.
scd sitting pretty at r13.78, euro property plays always undervalued on jse. dividend yield on reits like this beats the hell out of bank deposits, especially with rand weakness. mark it down, this thing runs to r150 minimum once people actually notice the portfolio quality.
SCD up 2.15% to R12.80 today. Anyone else noticing European property valuations stabilizing after that rough 2023, or are we still pricing in further rate cuts that may not materialize?
euro property exposure is tough right now with the rand where it is, but scd at r12.53 is decent value if you believe in the recovery. i put an order at r12.40 last week, filled most of it. the dividend yield is still solid compared to local property trusts, just gotta stomach the currency headwind for now.
European property markets are grinding through structural headwinds, and SCD's exposure there is real. Comparing to Redefine or Growthpoint locally, those guys at least have rand-denominated cash flow buffers. The dividend yield is still okay at these levels but you're banking on European recovery that frankly looks slow, and currency risk isn't trivial when the rand gets spicy. I'd rather own property closer to home for now, but if you believe in a European rebound within 24 months the pullback to R12.53 is worth considering.
worth noting scd's nav per share has been under pressure with euro weakness eating into rand returns, and property valuations across the continent staying soft. imo the dividend yield still looks reasonable if you believe the portfolio stabilises over the next 18 months, but you're basically betting on european commercial real estate finding a floor. could be wrong but the spread between scd and local reits is getting harder to justify unless you specifically want the geographic hedge.
scd still sitting at R13.50 but the european property headwinds are real. dividend yield looks decent if they can maintain distributions through this cycle, but exposure to office space in places like uk and germany is sketch when nobody wants to go back to the office. could read as a value trap if vacancies keep climbing
SCD holding R13.50 after that offshore property shuffle last quarter, yield still looking decent for a euro reit in this environment. earnings season will be key to see if those london retail holdings are actually performing or just dead weight, comparative valuations to other european listed reits suggest theres room if they can prove the nav.
European property holding like a solid forward pack, need those Springbok vibes
Good Morning Everyone, SCD holding European property through the cycle. At R13.50 the yield looks decent against local alternatives, dividend sustainability hinges on their portfolio occupancy and rent collection across the continent. REITs like this are long term holds, not traders delight.
Current R 1 430,00 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.