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Emira Property Fund (EMIJ)

Johannesburg
Currency in ZAR
Disclaimer
941
+7(+0.75%)
Closed
EMIJ Scorecard
High dividend Yield
Fair Value
Day's Range
922951
52 wk Range
7511,010
Bid/Ask
940.00 / 945.00
Prev. Close
934
Open
922
Day's Range
922-951
52 wk Range
751-1,010
Volume
23,528
Average Volume (3m)
349,964
1-Year Change
-2.08%
Shares Outstanding
481,940,262
Fair Value
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Dividends Payment Streak
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Analysts
Technical
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
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Emira Property Fund Company Profile

Emira Property Fund Limited (the "Company") is a Real Estate Investment Trust ("REIT") domiciled in South Africa and, together with all its subsidiaries (the "Group" or the "Fund" or "Emira"), owns a portfolio of property investments which are diversified both sectorally and geographically. Emira's risk mitigating sectoral and geographical diversification strategy has enabled it to continue to deliver returns throughout the cycles. The Fund has direct property holdings as well as indirect property investments, through equity investments in property owning companies with specialist third-party co-investors. In South Africa, the Fund owns a direct portfolio of properties diversified across the retail, industrial, office and residential sectors, which it segregates between the Commercial Portfolio (the retail, industrial and office properties) and the Residential Portfolio (the residential properties). The Residential Portfolio includes the properties of Transcend Property Fund ("Transcend"), a specialist residential property company owned by Emira which is focused on value-oriented, good-quality suburban units. At the reporting date the Fund held a 68,15% interest in Transcend. On 13 November 2023, subsequent to the reporting date, Emira's offer to acquire all of its issued ordinary shares not already owned by Emira (the "Offer") was concluded, resulting in Emira acquiring 48 327 832 Transcend shares. The Fund's disposal of Enyuka Property Fund, a rural and lower-LSM retail venture with One Property Holdings, closed on 20 July 2023 for an aggregate consideration of R646,3m. Emira's only remaining indirect investment is the portfolio of investments in the United States of America (the "USA" or "US"), being equity interests in 12 grocery-anchored dominant value-oriented power centres, held together with its US-based partner, The Rainier Companies.

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