Equites Property Fund Limited

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Equites Property Fund Limited
  • Equites Property Fund Limited
  • Year : Oct 2020
3 Tokens
USD 300.00
Summary

GCR placed the ratings assigned to Equites Property Fund Limited on Positive Outlook. The outlook change acknowledges Equites’ conservatively funded, high-quality logistics portfolio, which continues to outperform many domestic peers despite vagaries of the COVID-19 pandemic. The REIT’s UK portfolio also provides some insulation from the deteriorating South African operating environment.

Additional Information

The Positive Outlook balances the strong relative financial performance and portfolio quality of the REIT versus market peers and the ongoing economic volatility. Improved operating cash flows should reduce leverage/ improve earnings based gearing measures over the long run.

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