ABOUT EMIRA

Emira is a diversified real estate investment trust (“REIT”) company, with a property portfolio of predominantly South African assets, and a growing component of offshore assets. The Company listed on the JSE in November 2003, in the real estate investment trusts sector. In line with its strategic objectives, Emira’s property portfolio spans multiple sectors, namely office, retail and industrial, with a new element of residential.

The Company is focused on growing the quality and value of its property portfolio, in order to sustain and enhance its distribution growth to shareholders.

This is achieved via selective acquisitions and disposals, as well as refurbishments, upgrades and the redevelopment of specific properties. To this end, all investment decisions are reinforced by Emira’s stringent investment criteria to enhance yields and improve the performance of the portfolio.

 

DIRECT SOUTH AFRICAN PORTFOLIO

As at 30 June 2019, Emira had a total of 80 properties with a total asset value of R14,8 billion, a market capitalization of R7,2 billion, and the share price closed at 1 380 cents per share on the JSE.

VISION

To grow earnings from a balanced and high quality property portfolio

MISSION

To deliver long-term value to our shareholders 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

DOING BUSINESS, THE EMIRA WAY

In a more troubled, changing world, “the Emira way” embodies how we choose to do business — with honesty, transparency and mutual respect. By consistently applying mutual respect in everything that we do, it guides the manner of our dealings with colleagues, shareholders, tenants, communities, investment partners, property managers and other stakeholders. With an open-door policy in place, the executive team stays informed and in touch, while fostering a working environment that encourages employee empowerment and interaction, equal participation and the free flow of ideas. The Emira way is at the heart of all dealings with our local and offshore co-investment partners — who were all carefully selected not just for their expertise, but for the high business morals and principles we have in common. In light of the recent failures of good corporate governance, it has become increasingly important to associate with people and companies of high moral standing to protect the future of the corporate world as well as society at large. For us, doing business the Emira way may sometimes take a little longer, but ultimately getting there will not be at the expense of our integrity and good reputation.

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 26 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 specific properties. All investment decisions are underpinned by Emira’s stringent investment criteria to ensure that yields are optimised. As at 31 December 2017, Emira had a total of 111 properties with a total asset value of R12,6 billion, a market capitalisation
of R7,2 billion and the share price closed at 1 761 cents per share on the JSE.

 

DIRECT SOUTH AFRICAN PORTFOLIO

As at 30 June 2019, Emira had a total of 80 properties with a total asset value of R14,8 billion, a market capitalization of R7,2 billion, and the share price closed at 1 380 cents per share on the JSE.

VISION

To grow earnings from a balanced and high quality property portfolio

MISSION

To deliver long-term value to our shareholders 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

DOING BUSINESS, THE EMIRA WAY

In a more troubled, changing world, “the Emira way” embodies how we choose to do business — with honesty, transparency and mutual respect. By consistently applying mutual respect in everything that we do, it guides the manner of our dealings with colleagues, shareholders, tenants, communities, investment partners, property managers and other stakeholders. With an open-door policy in place, the executive team stays informed and in touch, while fostering a working environment that encourages employee empowerment and interaction, equal participation and the free flow of ideas. The Emira way is at the heart of all dealings with our local and offshore co-investment partners — who were all carefully selected not just for their expertise, but for the high business morals and principles we have in common. In light of the recent failures of good corporate governance, it has become increasingly important to associate with people and companies of high moral standing to protect the future of the corporate world as well as society at large. For us, doing business the Emira way may sometimes take a little longer, but ultimately getting there will not be at the expense of our integrity and good reputation.