Emira Property Fund Limited's latest marketcap:

About Emira Property Fund Limited

Emira Property Fund Limited (the "Company") is a Real Estate Investment Trust ("REIT") based in South Africa. Together with its subsidiaries (the "Group" or "Emira"), it owns a diversified portfolio of property investments across multiple sectors and regions.

Investment Strategy

Emira employs a risk-mitigating strategy through sectoral and geographical diversification, ensuring consistent returns across market cycles. The Fund holds:

• Direct property holdings in retail, industrial, office, and residential sectors.
• Indirect investments via equity stakes in property-owning companies with third-party co-investors.

Portfolio Overview

In South Africa, Emira's portfolio is divided into:

• Commercial Portfolio: Retail, industrial, and office properties.
• Residential Portfolio: Includes properties under Transcend Property Fund, a subsidiary focused on value-oriented suburban residential units.

Key Developments

• Transcend Acquisition: Emira increased its stake in Transcend to 68.15% as of the reporting date. Post-reporting, Emira acquired an additional 48,327,832 Transcend shares, completing its offer for full ownership.
• Disposal of Enyuka Property Fund: Sold on 20 July 2023 for R646.3 million, exiting the rural and lower-LSM retail sector.
• US Investments: Emira retains an indirect stake in 12 grocery-anchored power centers in the USA, managed in partnership with The Rainier Companies.