Demystify the world of listed property and Real Estate Investment Trusts (REITs) and diversify your portfolio. Discover how REITs work, analyse their profitability, and unlock their potential for generating passive income. Understand the principles behind property investment, and how they can help professional and general investors to make more informed decisions. This workshop is designed to provide you with the fundamental knowledge you need, from making basic financial models to structuring a portfolio. The workshop is for practicing professionals in the real estate or finance industry, as well as general investors looking to expand their knowledge into South African and international listed property investments. You will not need any specific knowledge in property for the workshop, and whether you're new to investing or looking to expand your real estate knowledge this session will empower you to make informed investment decisions.
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Agenda
9
00AM
-
4
00PM
Day 1
Garreth ElstonReal Estate as an Asset Class
Introduction to real estate markets
Property investment decision making
Real estate space market and asset market
Real estate cycles and market analysis
Introduction to REITs
What is a REIT, and what legal requirements do they meet?
Brief overview of REIT development
Why REITs exist
Types of REITs
Subsectors (Residential, Office, Retail, Industrial, Healthcare, etc.)
Financial Modelling
Review of financial mathematics
Discounted cash flow (DCF) model basics
Investment decision criteria
Sources of debt and equity for commercial property investments
Analysing REITs
Key Metrics: FFO (Funds From Operations)
AFFO (Adjusted Funds From Operations)
NAV (Net Asset Value)
Dividend Yield
Comparison to Stocks: Similarities and differences in valuation approaches
Investing in REITs
Investment portfolio management
Portfolio risk and return
Measuring portfolio performance
Individual REIT stocks
International REITs
REIT Exchange-traded Funds
REIT Unit Trusts
Portfolio Allocation: REITs as a real estate asset class alongside direct property ownership
considerations
Future of Real Estate
The future of real estate
Sustainable investing in real estate: Environmental, social, and governance (ESG) investing
What is PropTech and how is it reshaping the real estate industry?
Day 1
Real Estate as an Asset Class Introduction to real estate markets Property investment decision making Real estate space market and asset market Real estate cycles and market analysis Introduction to REITs What is a REIT, and what legal requirements do they meet? Brief overview of REIT development Why REITs exist Types of REITs Subsectors (Residential, Office, Retail, Industrial, Healthcare, etc.) Financial Modelling Review of financial mathematics Discounted cash flow (DCF) model basics Investment decision criteria Sources of debt and equity for commercial property investments Analysing REITs Key Metrics: FFO (Funds From Operations) AFFO (Adjusted Funds From Operations) NAV (Net Asset Value) Dividend Yield Comparison to Stocks: Similarities and differences in valuation approaches Investing in REITs Investment portfolio management Portfolio risk and return Measuring portfolio performance Individual REIT stocks International REITs REIT Exchange-traded Funds REIT Unit Trusts Portfolio Allocation: REITs as a real estate asset class alongside direct property ownership considerations Future of Real Estate The future of real estate Sustainable investing in real estate: Environmental, social, and governance (ESG) investing What is PropTech and how is it reshaping the real estate industry?
Speakers
Garreth Elston
Eagle Canyon Golf and Lifestyle EstateGarreth is an investment professional specialising in global listed Real Asset investments. He has served as the portfolio manager of South African and Global unit trust portfolios, proprietary funds, Hedge, and private equity portfolios, with 19 years of investment experience.
Winner of the Raging Bull Award in 2020 and 2021 for Best Global Real Estate Fund Risk-Adjusted Performance over Five Years as well as 2021 Best Offshore Global Real Estate General Fund over Three Years. Also nominated as Fund Manager of the Year for 2021 in the Global Properties Securities category by Money Management Australia. Nominated as HedgeNews Africa Hedge Fund of the Year in Specialist Strategies in 2021.* Funds previously managed were rated 5-Stars by Morningstar on a global basis, and he achieved a Citywire AA Manager rating.
He previously served as the Deputy Chair of the Investment Analysts Society of Southern Africa (IASSA); Chair of the Corporate Finance and Corporate Presentations committees of the CFA Society Toronto; and was the Southern African representative on the International Council of Investment Associations.
Garreth holds an MBA from the Rotman School of Management at the University of Toronto, an MA in International Relations, and a BCom in Banking Management. In addition to completing the Canadian Securities Course, the Partners Directors and Senior Officers Course, he is a Certified Associate of the Institute of Bankers in South Africa, a Fellow of the Institute of Financial Markets, and is a Chartered Member (MRICS) of the Royal Institution of Chartered Surveyors. He has also completed FSCA RE1, RE3, and RE5 regulatory examinations in categories I II IIA III and IV, and the CFA Institute Real Estate and Infrastructure course.
Speakers
Garreth
Elston
Eagle Canyon Golf and Lifestyle Estate
Garreth is an investment professional specialising in global listed Real Asset investments. He has served as the portfolio manager of South African and Global unit trust portfolios, proprietary funds, Hedge, and private equity portfolios, with 19 years of investment experience.
Winner of the Raging Bull Award in 2020 and 2021 for Best Global Real Estate Fund Risk-Adjusted Performance over Five Years as well as 2021 Best Offshore Global Real Estate General Fund over Three Years. Also nominated as Fund Manager of the Year for 2021 in the Global Properties Securities category by Money Management Australia. Nominated as HedgeNews Africa Hedge Fund of the Year in Specialist Strategies in 2021.* Funds previously managed were rated 5-Stars by Morningstar on a global basis, and he achieved a Citywire AA Manager rating.
He previously served as the Deputy Chair of the Investment Analysts Society of Southern Africa (IASSA); Chair of the Corporate Finance and Corporate Presentations committees of the CFA Society Toronto; and was the Southern African representative on the International Council of Investment Associations.
Garreth holds an MBA from the Rotman School of Management at the University of Toronto, an MA in International Relations, and a BCom in Banking Management. In addition to completing the Canadian Securities Course, the Partners Directors and Senior Officers Course, he is a Certified Associate of the Institute of Bankers in South Africa, a Fellow of the Institute of Financial Markets, and is a Chartered Member (MRICS) of the Royal Institution of Chartered Surveyors. He has also completed FSCA RE1, RE3, and RE5 regulatory examinations in categories I II IIA III and IV, and the CFA Institute Real Estate and Infrastructure course.