Property trusts are a category of share that resides in a sleepy corner of the share market. You wouldn’t look to get rich investing in a property trust – because their share prices usually rise very slowly - but you can expect an attractive, reliable cash dividend that appeals to income investors.
Saturday, October 18th 2003, 5:33AM
by The Landlord
However, since early 2001, most of the listed property trusts have defied their nature by delivering superb returns from rocketing share prices combined with the usual high dividend payout.
The conditions have been perfect for property trusts. Firstly, falling interest rates made their high dividend yield seem more attractive, which increased demand for the shares, driving up the share prices.
