Emira Property Fund has published its unaudited consolidated interim financial results for the six months ended December 2022, reporting an increase in its distributable earnings of 15% to R378.7 million and declaring an interim dividend of 66.43 cents per share (December 2021: 56.59 cents) – a period-on-period increase of 17.4%.
The REIT’s headline earnings per share increased by 30.3% to 74.66 cents (December 2021: 57.29 cents) with its earnings per share having increased by 82.8% to 117.04 cents (December 2021: 64.02 cents).
Its directly held portfolio revenue increased by 16.3% to R840 million against the R722 million from the comparative period with its net asset value per share having increased by 10% to 1 694.6 cents (December 2021: 1 540.5 cents).
