Emira is a diversified, predominantly South African real estate investment trust (“REIT”) company. It has been listed in the real estate investment trusts sector on the JSE Limited since 28 November 2003. Its property portfolio is spread across the office, retail and industrial sectors in line with its strategic objectives.
Emira is managed by a strong team of 28 staff, with offices in Bryanston and Cape Town. Broll, Eris and Feenstra manage the Fund’s property portfolios.
To sustain and enhance its distribution growth to shareholders, the Fund has an ongoing focus on strengthening the quality of its property portfolio, through acquisitions and disposals as well as refurbishments, upgrades and redevelopment of speci c properties. All investment decisions are underpinned by Emira’s stringent investment criteria to ensure that yields are optimised. As at 30 June 2017, Emira had a total of 134 properties with a total asset value of R13,2 billion, a market capitalisation of R7,2 billion and the share price closed at 1 386 cents per share on the JSE.
To grow earnings from a balanced and high quality property portfolio
To deliver long-term value to our shareholders and stakeholders
RESPONSIBILITY: We hold ourselves responsible and accountable to our stakeholders for our actions
HONESTY: We are truthful
FAIRNESS: We treat all our stakeholders equitably
RESPECT: We acknowledge and respect the rights and dignity of others
To optimise net income and grow distributions in excess of inflation and sector average
To be limited to 40% of total assets
To selectively recycle and upgrade assets
To have a balanced sectoral and geographical exposure
To dispose of non – care or non – performing properties.
To reduce vacancies and manage lease expiry profile.
To increase market capitalisation, liquify and spread of investors by selective acquisitions and capital raising.
To reduce our environmental impacts
To improve our transformation credentials.