worth noting scd's nav per share has been under pressure with euro weakness eating into rand returns, and p…by @nico_the_analyst on $SCD

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.