to join the discussion
TEX getting absolutely hammered down 33% today, something material must have dropped. At R3.01 the yield is probably looking tasty on paper but I'd want to know what spooked the market before nibbling. Real estate funds have been under pressure with interest rates elevated, so th
Picked up more TEX at R4.50 after today's 5.88% pop, reckoning the property recovery narrative hasn't fully priced in yet for a fund trading at reasonable yields.
TEX catching some momentum today at R4.50, up nearly 6 percent. Anyone else noticing if this is just profit-taking relief or actual appetite returning to property funds after that rough patch?
TEX sitting at R4.50 but the dividend yield has been squeezed pretty hard by the property cycle. Looking at the portfolio mix, heavy retail exposure is the risk here given what's happening with foot traffic in SA malls. If they can pivot more towards industrial and office with decent tenants, could have legs but that's a slow play.
tex sitting at r4.50 is interesting when you look at the dividend yield on those retail and industrial assets. property funds got hammered last couple years but if load shedding actually stabilizes some of these tenants might stick around longer. reckon it's a patient hold for the yield, not a quick flip.
tex sitting at r4.50 is interesting given the div yield, but you'd want to see the distribution coverage actually hold up in the next results. retail properties getting hit hard with load-shedding pushing foot traffic down, that's not priced in yet imo.
Do you think the property market slowdown hits REITs like TEX harder than it hits equities, or is the yield still worth it at R4.50. Not sure the numbers are there yet to justify a big move either way.