ABOUT US

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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 30 June 2016, the Fund had a total of 144 properties with a total asset value of R12,9 billion and a market capitalisation of R6,9 billion and the Fund’s share price closed at 1 354 cents.

The Fund is managed by a strong team of 28 staff with offices in Bryanston and Cape Town.

Broll and Eris manage the Fund’s property portfolios.

VISION

To grow earnings from a balanced and high quality property portfolio

MISSION

To deliver long-term value to our PI holders and stakeholders

VALUES

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

FINANCIAL

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

PORTFOLIO

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

STAKEHOLDER

To meet the requirements of the property sector
transformation charter

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

 

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