Listed property share prices rally about 5% over the past two weeks, on better than expected results reported by real estate counters this month.

Emira Property Fund's share price is up 0.48% to R14.60 per share after a distribution of 123‚18c per Emira participatory interest for the year to June 30 2014 was declared.

Friday, 27 June 2014 15:01

Emira Property Fund portfolio improved

Though concern lingers about Emira Property Fund's exposure to the older, B-grade office market.

More rental housing portfolios are finding their way to the JSE's R260bn listed real-estate sector although they are mostly part of larger commercial property offerings.

Developers will keep on building malls, says Emira Property Fund CEO James Templeton on the side lines of the South African Property Owners Association conference.

Emira Property Fund today confirmed that it is set to increase its growth in distribution per share to 7.5% for its full year to 30 June 2014, and outperform its 6.5% half-year distribution growth.

Emira Property Fund, a JSE-listed SA REIT, recently concluded a R114,6 million participatory interest (PI) buyback of 8,54 million PIs at an average of R13.41 per PI, which included the distribution of 59.31 cents paid to PI holders in March 2014.

Emira Property Fund today reported distribution growth to investors of 6.5% for its six-month period to 31 December 2013.

Retail is set to be the top performing sector in South African commercial property sector and, with 35% of its diversified investment portfolio comprising retail property, Emira Property Fund is in good shape to benefit from this trendin 2014.

Wednesday, 11 December 2013 16:12

Festive retail gains still likely on last year

The festive period is an important time for retailers but, with economic growth being relatively muted, James Templeton, CEO of Emira Property Fund, says the retailers and shopping malls are going to have to work hard for their share of increasingly cautious spending this festive season.

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