How are the stocks doing?
Growthpoint is SA’s largest property fund, with a portfolio of assets that includes Fourways Crossing in the north of Johannesburg and Paarl Mall in the Western Cape. The stock has lost investors 6.8% over the past 12 months. It generated a dividend yield of 5.5%.
The company owns a 65% stake in Australia’s GOZ with AU$2.3bn in assets. The offshore unit comprises 16% of Growthpoint’s total gross lettable area. In its interim financial results for the six months ended December 2015, the company pins its hope on the Australian unit to boost future growth. company said in its financial results for the six months ended December 2015 that the investment in Nigeria is “relatively small”. New Europe Property Investments (Nepi), which is listed on the London Stock Exchange and the JSE, focuses on building an asset base consisting of office and retail properties in emerging-member states of the European Union. Its portfolio includes Bucharest’s Mega Mall and Aupark Košice Mall in Slovakia.
The bulk of the company’s properties are situated in Romania as the demand for retail space continues to increase. The stock returned 26.2% to investors over the past 12 months and traded at a dividend yield of 3.25%. The board of directors expects recurring distributable earnings per share to increase by 15% this year compared to 2015, according to its financial results for the 12 months ended December 2015.