At least 14 of the top 100 companies that have earned the most for its shareholders in terms of share price growth plus the amount of income returned over the past five years, are listed property companies, with Resilient Property Income Fund headed by Des de Beer leading the pack with compounded growth of 21.2%.
According to Property Loan Stock Association (PLSA) research by Grindrod Asset Management released on Tuesday (4 December), the listed property sector featured strongly overall, with 16% of all listed property companies performing in the top 50 over five years, based on share-price growth and investor returns.
The rankings are determined by the share price performance of every company listed on the JSE, which is measured based on R10 000 invested over five years, from October 2007 to the end of September this year, calculated by I-Net Bridge. Of the top 100 companies over the past 10 years, listed property companies represented about 10% of peak performers.
Premium Properties achieved twelfth position on this list, with compound growth of 39.17%.
PLSA chairman Norbert Sasse said the results showed that South African listed property companies had performed "well" over both the short- and long-term.
South Africa's largest listed property company Growthpoint Properties and the sector's only top 40 representative firm, ranked 14 in performance of the top 40 index companies over five years, delivering compound five-year growth of 17.82%.
Sector newcomer Investec Property Fund ranked 15th in the top 25 companies over one year, notching up compound growth of 85.88%.
Redefine Properties was twelfth in the top 50 companies for growth in turnover, achieving five-year compound turnover growth of 45.95%.
Over the past 10 years, from October 2002 to this year, the listed property sector has outperformed all other JSE sectors.
The property sector's market capitalisation has increased considerably over the period from below R20bn to nearly R200bn.
According to Catalyst Fund Managers, listed property was the best performing South African asset class over the past 12 months delivering total returns of 28.3%, compared with cash at 5.61% and bonds at 13.220%.
"The sector's prolific presence among South Africa'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," Sasse said.
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