Emira Property Fund delivers 13% distributable income

Posted On Thursday, 19 February 2015 10:48 Published by
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Emira Property Fund delivers a 13% increase in distributable income to R330m in the six months to December from the year-earlier period.

 James Templeton

The fund said that acquisitions‚ contractual escalations on the bulk of the portfolio and stringent cost control contributed to distributable income.

Property expenses lifted by just 1.7% from a year ago‚ mainly due to cost control‚ a reduction in leasing expenses and lower maintenance costs from historical high levels.

Emira said vacancies reduced to 4.9% for the overall portfolio compared with 5.1%‚ while distribution per participatory interest was up 9% to 64.65c.

Last modified on Thursday, 19 February 2015 12:46

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