Oryx Properties delivers resilient performance amid market undervaluation

By: Hertha Ekandjo

Oryx Properties Limited delivered a resilient interim performance, driven
by rental escalations, record-low vacancies, and disciplined capital
allocation.

In a recent Simonis Storms report it has been recorded that despite a decline in headline earnings due to the absence of
once-off income, distributions increased, and gearing improved to
36.1%.

“However, the market still undervalues Oryx, with the share price trading at a 47.4% discount to NAV, presenting both risks and a potential re-rating opportunity,” the report read.

Looking ahead, Simonis Storms said interest rate cuts, new property
developments, and a recovering economy at 3.8% GDP growth
expected in 2025, could serve as key catalysts for performance.

The post Oryx Properties delivers resilient performance amid market undervaluation first appeared on Future Media News.

The post Oryx Properties delivers resilient performance amid market undervaluation appeared first on Future Media News.