JSE-listed Reit, EmiraPropFund has highlighted disruptions to the supply of utilities in South Africa, as well as above inflation increases of rates, taxes, and utilities costs as a key short-term risk for the property sector. Moneyweb Matshoba_A
JSE-listed real estate investment trust Emira Property Fund has highlighted disruptions to the supply of utilities in South Africa, as well as above inflation increases of rates, taxes, and utilities costs as a key risk for the property sector in the short-term.
Emira bumps dividend as US operations boost earnings Revenue from Emira’s directly held portfolio – which includes 94 properties in South Africa – came in at R1.3 billion, 11.2% lower than R1.47 billion in the comparative period. Overall vacancies decreased to 4.7% from 5.8% in the previous period with the troubled office segment also registering modest declines from 15% to 12.5% this period.
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