Numis urges more active managing of property trusts

Property research note says managers will need to take more active stance to generate returns into 2010

Property trust managers will have to be more active in running their portfolios if they want to generate strong returns in 2010, according to Numis Securities. Its latest property research note says portfolio values grew 8% on average in Q4. Analyst Colette Ord says with the property sector now trading at par and asset values not expected to grow at the levels they did last year, managers will find it harder to maintain dividends. “The reason property values have been rising is a flood of cheap assets in the market and strong investor demand,” she says.  “In Q4, we saw the avera...