News Formal

Emira cashes in on distributable earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

A strong performance in its US property helped offset challenging conditions in SA

Emira Property Fund has upped its dividend by 17% thanks to a strong performance by its US asset and lower SA portfolio vacancies.

The company, which owns a diversified property portfolio in SA and the US, on Wednesday said its distributable earnings for the six month to the end of December increased from R329m to R378.7m...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 TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

We can't afford to pay R16m for diesel – property group bemoans the costs of load shedding | BusinessEmira Property Fund spent R16.6 million on diesel between July and December 2022. Some of its tenants cannot afford it, thus opting to put their operations at a standstill when there is no power. _Business 16 million can buy a good solar system _Business Horrible _Business Falls on deaf ears…and err…large abdomens!!!!
Source: News24 - 🏆 4. / 80 Read more »

Record earnings for Glencore as energy prices soarGlencore, which has a secondary listing on the JSE, lifted coal output from its own mining activities 7% to 110-million tonnes
Source: BDliveSA - 🏆 12. / 63 Read more »

Higher interest rates take a bite out of DKR’s earningsJSE-listed German Reit says plunge in adjusted funds from operations for the December quarter was also due to higher capex
Source: BDliveSA - 🏆 12. / 63 Read more »

We can't afford to pay R16m for diesel – property group bemoans the costs of load shedding | BusinessEmira Property Fund spent R16.6 million on diesel between July and December 2022. Some of its tenants cannot afford it, thus opting to put their operations at a standstill when there is no power. _Business 16 million can buy a good solar system _Business Horrible _Business Falls on deaf ears…and err…large abdomens!!!!
Source: News24 - 🏆 4. / 80 Read more »