Emira’s US portfolio proves a boon for interim earnings

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Property fund increases dividend by 8.8% boosted by US assets that accounted for more a quarter of distributable income

Emira Property Fund’s diversified portfolio saw the company report a strong interim performance and increase its dividend, notwithstanding the Covid-19 fallout.

The JSE-listed real estate investment trust declared a dividend of 56.59c a share on distributable income of R329.2m for the six months to end-December. That compares with 52c and R333.7m in the same period a year earlier...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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