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Emira cashes in on distributable earnings

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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.

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