Emira is a diversified South African Real Estate Investment Trust (REIT). 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 the Fund’s strategic objectives.
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 specific properties. All investment decisions are underpinned by Emira’s stringent investment criteria to ensure that yields are optimised. As at 31 December 2015, the Fund had a total of 146 properties with a total asset value of R13,0 billion, an investment in ASX listed Growthpoint Australia with a value of R0,9 billion, a market capitalisation of R8,3 billion and the Fund’s share price closed at 1 621 cents.
The Fund is managed by a strong team of 24 staff with offices in Bryanston and Cape Town.
Broll and Eris manage the Fund’s property portfolios.
To grow earnings from a balanced and high quality property portfolio
To deliver long-term value to our PI holders 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 growth in distributions
To apply hearing to the portfolio to the extent that it enhances returns, limited to 40% in terms of the trust deed
To selectively recycle and upgrade assets
To broaden the fund’s geographic exposure
To dispose of non-performing or potentially underperforming properties
To reduce vacancies and manage the lease expiry profile of the portfolio
To maintain a balanced exposure to the office, retail and industrial property sectors
To meet the requirements of the property sector
To continually improve our broad-based empowerment credentials
To reduce our environmental impacts
To increase market capitalisation, liquidity and spread of investors through selective acquisitions and capital raising