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Emira sells Cape Town properties for R1.1bn, boosting liquidity to pursue strategic investment opportunities while reducing exposure to the office sector...
Growing consensus Reserve Bank will start easing policy in July.
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But changes to financial year-end distort earnings for the period.
JSE-listed real estate investment trust Emira Property Fund has increased its net asset value a share by 4.2% to R16.97 a share for the nine months ended March 31, and declared a final dividend of 30.35c a share, taking its dividend a share for the nine months to 96.78c a share. The company has changed its financial year end to fall on March 31 and, while the results for the nine months are not directly comparable to its prior full-year figures, the company is firmly focused on its strategic progress and operational metrics.