US and South African Reits post strong returns in Q3

Reits outperformed equities and other property stocks in the third quarter, particularly in the US an...

Reits outperformed equities and other property stocks in the third quarter, particularly in the US and South Africa, according to a report from Standard & Poor’s. The S&P Global Reit index was down 4.41% whilst the S&P 500 was down 13.08% for three months until 30 September. However, Reits in North America and South Africa were the only positive performers from the global regions, generating 5.04% and 11.44% respectively. North American Reits are said to have been boosted by a ban on short-selling while South Africa is one of the only regions that is still seeing exceptional demand. Alk...