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.

Monday, 19 February 2007 02:00

Emira records 10% growth

Listed property unit trust Emira Property Fund on Friday reported double-digit distribution growth for the six months to December in line with the rest of the listed property sector.

Monday, 19 February 2007 02:00

Active six months for Emira Property Fund

The Emira Property Fund has declared a distribution of 40.10 cents per participatory interest for the six months ended on the 31st December 2006 – 10% up on the comparable period in 2005.

Reinforcing its strong growth trend JSE-listed Freestone Property Holdings posted a 22% increase in its distribution for the interim period to December 2006. The distribution growth yielded a total return for the interim period of 38%, exceeding the 30% total return of the SA Listed Property Index.

The market can expect to see even more consolidation in the South African listed property sector this year, with bigger players acquiring smaller companies and friendly mergers between others.

Thursday, 30 March 2006 02:00

Listed sector gets ducks in a row

Listed Property Fund, until recently rather slow on the transformation front, are expected to step up black empowerment deal-making over the next few months to comply with the requirements of the Property Sector Transformation Charter signed last week by Government and industry players.

On the back of a strong run over the past three years, the listed property sector is expected to produce a total return of 16% over the next year - made up of 10% growth in distributions and 6% growth in capital.

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