https://www.engineeringnews.co.za

Emira delivers 7.5% hike in distribution, reports lower vacancies

13th August 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Emira Property Fund on Wednesday declared a 7.5% growth in distribution to 123.18c a share for the year ended June 30, as its distributable income for the full year increased 5.5% to R601.1-million.

Profit for the period under review contracted somewhat from R1.4-billion in 2013, to R1.19-billion.

The company reported revenue of R1.5-billion for the 2014 financial year, up from the R1.34-billion reported last year.

Emira pointed out that vacancies had declined from 5.6% as at June 2013 to 4.5% in June this year – the lowest since 2005 – while tenant retention improved from 78% to 80% across the fund’s 141 buildings with a total 1.13-million square metres of gross lettable area.

A total of 33 leases, comprising 150 000 m2 with a lease value of R508-million, with an average four-year weighted lease period, were concluded during the financial year.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.045 1.143s - 122pq - 2rq
Subscribe Now