Emira Property Fund (EMI) delivered adjusted DPS growth of +0.8% y/y and adjusted NAV growth of +0.5% y/y during HY'19. The direct portfolio's net property income grew +3.8% y/y during the period, as negative reversions and increases in property expenses offset contractual escalations. EMI acquired a 34.9% stake in residential REIT, Transcend in order to diversify the fund's exposure away from the domestic office and retail sectors. The fund has also continued its expansion into the USA retail ...
Emira reported an interim DPS of 70.65 for the HY'18 period, posting growth of 2.5% y/y, in line with the latest management guidance of positive growth. Operationally, net property income declined by 2.9% y/y. However, the fund disposed of 15 properties since December 2016 and restructured its rural retail portfolio into an equity-accounted JV, which distorts the base. Adjusting for these factors on a like-for-like basis, NPI rose by 7.8% y/y. Emira has embarked on an incremental portfolio reb...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
A director at Emira Property Fund bought 22,000 shares at 13.640ZAR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
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