Real Estate Investor Magazine South Africa April 2018 - 100th Issue! | Page 42

LISTED
Making sense of REITs
A
South African REIT is a listed property investment vehicle that is similar to internationally
recognised REIT structures from around the world. Listed Company REITs or Trust REITs
are publicly traded on the JSE REIT board and qualify for the REIT tax dispensation.
Fairvest Property Holdings
Six months ended 31 December 2017
Total asset value: R2.8b
Properties in portfolio: 43
Market cap: 1,808,310,304
Gearing: 32.6%
CEO: Darren Wilder
PROPERTY DISTRIBUTION
40
APRIL/MAY 2018 SA Real Estate Investor Magazine
Fairvest is a property invest-
ment holding company listed
in the Real Estate Investment
Trust sector of the JSE Limit-
ed as a Retail REIT. Fairvest’s
objective is to build a retail-fo-
cused property fund weight-
ed toward non-metropolitan
shopping centres including
convenience, community and
regional shopping centres, ser-
vicing the lower LSM market,
in high-growth nodes close to
commuter networks