Quoted property company prospects are much better than prices suggest

ON SPECIALIST MARKETS

OPM Fund Management's Ross Henderson.

The real estate sector appears to offer pockets of opportunity for the long-term investor, although quoted stocks and REITS are likely to remain susceptible to continued volatility in the wider equity market. The UK-listed property sector has de-rated significantly since the summer last year, with the average company moving from a perhaps over optimistic 3% premium to an attractive looking 21% discount.  Our feeling is that many of the quoted property companies’ prospects are far better than current prices would suggest. Results from Land Securities last week, and British Land, streng...