Monday, 25 August 2008 02:00

Emira places faith in fundamentals

Emira Property Fund had an active six months bringing 14 projects totalling R330m to fruition. These investments are expected to significantly improve the quality of the portfolio and the sustainability of its rental income over the longer term

Emira Property Fund has recently replaced R650m of bank-sourced debt with funds raised in the debt capital market – thereby bringing down its cost of borrowings significantly

Tuesday, 26 February 2008 02:00

Double-digit growth intact

Every listed property fund that has reported results so far this year has managed to raise income payouts by more than 10%. That suggests that the commercial property market - unlike its residential counterpart - still has some steam left

The Emira Property Fund has declared a 44.34 cents per participatory interest distribution for the six months ended on the 31st December 2007 – 10,6% up on the comparable period last year

Emira Property Fund has purchased two properties from developers, RMB Properties, for a total of nearly R120m

Thursday, 16 August 2007 02:00

PIC to compete with listed firms

The Public Investment Corporation (PIC), which plans to invest about R70bn in property assets over the next five years, is increasingly going to be competing with listed property companies for scarce property stock

For the second year in succession Emira Property Fund has performed exceptionally well in international research house, Investment Property Databank (IPD’s), annual survey into listed property funds in South Africa

Emira Property Fund, which recently acquired smaller property loan stock company, Freestone Property Holdings Ltd, has received Board approval to spend a total of R254m on new property developments and refurbishments to existing properties over the next nine months

Wednesday, 25 April 2007 02:00

C how it runs...

The price of listed property fund ApexHi's C units are up a staggering 245% in six months. Not too shabby a return for investors who bought the stock at listing in October 2006 as a higher-risk alternative to ApexHi's existing A and B units. C units closed at 280c on listing day and touched 690c/share last Wednesday.

At present, the six Property Unit Trusts (PUTs) listed on the JSE Securities Exchange are invested in various combinations of commercial, industrial and retail property but, as yet, they have no exposure to residential property.

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