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07 Dec 2012

South African listed property once again ranked high among the country’s companies earning the most for shareholders.

The sector featured strongly overall, with 16 percent of all companies performing in the top 50 over five years being listed property companies - based on share-price growth and investor returns.

The sector featured strongly overall, with 16 percent of all companies performing in the top 50 over five years being listed property companies - based on share price growth and investor returns.

An impressive 14 of the top 100 companies over the past five years are listed property companies.

The sector’s top player in this category was Resilient Property Income Fund, which earned 13th place with compound growth of 21.2 percent.

Of the top 100 companies over the last 10 years, listed property companies represent some 10 percent of peak performers.

Premium Properties achieved 12th position on this list, with compound growth of 39.17 percent

These results show that South African listed property companies have performed well over both the short and long term, says Norbert Sasse, chairman of the Property Loan Stock Association (PLSA) and chief executive officer of Growthpoint Properties Limited.

Growthpoint, South Africa’s largest listed property company and the sector’s only ALSI 40 representative company, ranked 14 in performance of the Top 40 Index companies over five years, delivering compound five-year growth of 17.82 percent  

Sector newcomer Investec Property Fund ranked 15 in the top 25 companies over one year, notching up compound growth of 85.88 percent.

Redefine Properties was 12 in the top 50 companies for growth in turnover, achieving five-year compound turnover growth of 45.95 percent.

Over the last 10 years, from October 2002 to 2012, the South African listed property sector has outperformed all other local asset classes, according to the PLSA’s research by Grindrod Asset Management.

The sector’s market capitalisation has increased considerably over the period from below R20 billion to nearly R200 billion.

According to Catalyst Fund Managers, the best performing SA asset class over the past 12 months to the end of October 2012 is listed property, which delivered total returns of 28.3 percent compared with cash at 5.61 percent, SA bonds at 13.22 percent and SA equities at 18.59 percent.

“The sector’s prolific presence among SA’s top listed investments and its positive performance track record are reasons that any serious investor should regard meaningful exposure to listed property, as an asset class, as essential,” notes Sasse.

The Top 100 Companies survey acknowledges those companies that earn the most for its shareholders in share price growth.

The rankings are determined as follows: the share price performance of every company listed on the Johannesburg Stock Exchange is measured based on R10 000 invested over five years, from October 2007 to end of September 2012.

Companies are then ranked according to their share price performance, as calculated by I-Net Bridge.

The results were recently published in the Top 100 Companies survey carried out by the Business Times.

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