Emira Property Fund has announced a strategic investment in the Luxembourg-headquartered Polish property developer and investor DL Invest Group, marking a significant milestone in the SA REIT’s international investment strategy.

Emira Property Fund reported strong operational results, strategic delivery, and capacity-enhancing active capital recycling for its financial year ended 31 March 2024.

Emira Property Fund (JSE: EMI) has agreed to sell basically all its wholly owned Cape Town properties in a sizeable R1.1 billion transaction, which will create significant and immediate liquidity for Emira to pursue its strategy.

Emira Property Fund has proposed a general offer to Transcend Residential Property Fund shareholders to acquire all the shares in Transcend that Emira doesn’t already own.

Emira Property Fund announced growth in distributable earnings of 3.8% and a 1.0% increase in its cash-backed dividend of 119.79cps for the year to 30 June 2022. 

Emira Property Fund (JSE: EMI) declared a final dividend of 66.65 cents per share, taking the dividend for its full financial year to 30 June 2021 to 118.65 cents per share - up 13.7% on the previous year.

Emira Property Fund (JSE: EMI) has acquired its eleventh grocery-anchored dominant open-air shopping centre in the USA, growing its equity investments in thriving states of the world’s largest economy to R1.55bn (US$105m).

Emira Property Fund (JSE: EMI) has received written notice from its major shareholder, the I Group, that the I Group and its concert parties have raised their stakes in the REIT and now hold 35.003% of its voting rights.

Emira Property Fund today reported a 1.7% year-on-year increase in distributions for its half-year ended 31 December 2019, in line with its positive market guidance.

Emira Property Fund has reported a 3.1% increase in distributions for its financial year ended 30 June 2019, delivering on its market guidance and continuing its dividend growth for the second consecutive year following its successful turnaround.