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SEA getting hammered but the dividend yield is still lekker at these levels if the portfolio holds. Issue is retail property is properly stressed, tenants struggling with load-shedding costs and foot traffic down. Reckon need to see the next earnings call before touching it again, distributions might get cut.
Pulled the latest financials, rental collections still holding up ok
Look at where retail REITs were trading 3-4 years ago versus now, SEA got hammered with the load-shedding mess and tenant stress but the asset base is still there. Property always comes back, especially when you're sitting on decent locations. Can't fix stupid if you're panic selling at R13.51 when the yield on this thing is actually decent.
SEA's been under pressure, sitting at R13.51. retail property cycle is rough right now with tenants struggling, but the yield on these reit properties is still solid if you can stomach the volatility. reckon it depends whether you think the load-shedding chaos gets worse for the mall anchors or if we're near the bottom. could be a patient money play.
SEA down 0.77% to R12.90, which is eish given property fundamentals remain under pressure across the board. Trading at a discount to Fourways and Hyprop but dividend yield looks stretched unless they can stabilize tenant quality in that consumer exposure.
The 2.69% pop on Spear today feels like capitulation buying rather than fundamental repricing, particularly given that REITs are still pricing in rates staying elevated when the market's already front-running cuts. Before chasing this momentum, someone needs to explain why distri
SEA down 2.08% this morning, eish. Anyone still holding or did you jump ship with the retail sector feeling the pinch lately?
SEA's modest uptick to R1293 reflects the market's cautious stance on retail REITs, though the flat directional bias suggests investors are still pricing in structural headwinds from e-commerce displacement rather than recognizing any fundamental improvement in distribution logis
The 1.25% pop feels disconnected from underlying distribution yield compression and rising cap rates in the retail space. I'm skeptical of this momentum absent a meaningful corporate action or portfolio recalibration announcement that would justify a re-rating in the current inte
SEA's down 1.16% today but that's noise on a quality defensive holding. At current levels, the dividend yield still looks attractive for a REIT with consistent distribution history, and the consumer goods exposure provides that boring stability I'm after rather than chasing volat
Spear REIT's retail exposure sits at an inflection point where consumer discretionary spending patterns are diverging sharply between affluent nodes and broader market segments, but the structural headwinds facing traditional shopping centre REITs remain formidable given the secu
SEA up 3.63% today to R1340, is this the bounce back everyone was waiting for or just a quick pump before it dumps again?
SEA's 3.63% pop on the day caught my eye. Has anyone stress-tested the distribution yield against rising cap rates? With the consumer goods retail environment under pressure, I'm curious whether this move reflects genuine NAV rerating or just short-covering on a thinly-traded nam
SEA sitting flat at R1293 today, but I'm holding my position because consumer goods plays tied to construction activity and rising disposable income from infrastructure projects should eventually drive earnings growth once government actually mobilises that capex spend.
SEA down 1.26% to R1253 today - is this a dip worth buying into or are seafood demand pressures finally catching up? Their volumes have been squeezed for months.
SEA at R1250 is getting hammered on what looks like profit-taking, but aquaculture demand isn't going away — the real question is whether they can actually scale without drowning in capex and operational headaches that plague most of these operations.
SEA down 2.21% to R1240 - is this just profit-taking after the recent run or are institutional investors finally questioning the valuation on seafood exposure that's heavily dependent on global protein demand?