Emira Property Fund

Emira Property Fund

EMI · JSE · Real Estate / REIT - Diversified

1,380.00ZAC+9.00 (+0.66%)

Price History

Full chart

Market Stats

Previous Close1,371.00
Open1,417.00
Day Range1,355.00 – 1,417.00
52-Week Range1,196.00 – 1,577.00
Volume24.20K
Market Cap6.31B
P/E (TTM)8.82
Forward P/E11.52
EPS1.53
Dividend Yield9.57%
Beta0.01
50-Day Avg1,351.88
200-Day Avg1,375.08

About

Emira Property Fund Limited is a Real Estate Investment Trust (REIT) domiciled in South Africa and, together with all its subsidiaries, owns a portfolio of property investments which are sectorally and geographically diversified. Emira continues to deliver returns throughout the cycles by way of this risk-mitigating diversification strategy. The Fund has direct property holdings as well as indirect property investments, through equity investments in property owning companies with specialist third-party co-investors. In South Africa, the Fund owns a direct portfolio of properties diversified across the retail, industrial, office and residential sectors, which it segregates between the Commercial Portfolio (the retail, industrial and office properties) and the Residential Portfolio (the residential properties) respectively. The Residential Portfolio includes the properties of Transcend Residential Property Fund (Pty) Ltd (Transcend), a specialist residential property company wholly owned by Emira which is focused on value-oriented, good-quality suburban units. Emira has international exposure through its indirect property investments in the United States of America (the USA or US) and Poland. In the USA Emira has equity interests in 11 grocery-anchored dominant value-oriented power centres, held together with its US-based partner, The Rainier Companies. In Poland, Emira has a 45% equity interest in DL Invest Group S.A. (DL Invest), a Luxembourg-headquartered property company which develops and holds industrial and logistics centres, mixed use/office centres, and retail parks across Poland. Emira Property Fund Limited was established on November 28, 2003 and incorporated in South Africa.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • CEOMr. James Peter Anthony Day B.Com., C.A.
  • Employees0
  • Headquarters1st Floor, Block A, Bryanston, South Africa, 2191, South Africa
  • Websitehttps://www.emira.co.za

Leadership

  • Mr. James Peter Anthony Day B.Com., C.A.CEO & Director · b. 1986
  • Mr. Greg Stanley Booyens B.Com., CA(SA)CFO & Executive Director · b. 1977
  • Ms. Ulana van Biljon B.Com.COO & Executive Director · b. 1967

Financials

Income Statement

Currency: ZAR2004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Revenue179.67M407.09M451.95M1.24B1.87B1.08B1.16B1.22B1.25B1.34B1.48B1.81B1.80B1.72B1.77B1.69B1.50B1.48B1.46B1.73B1.85B1.69B1.46B
Growth (%)-+126.58%+11.02%+175.28%+50.22%-42.07%+7.34%+5.32%+2.40%+7.09%+9.99%+22.73%-0.83%-4.21%+2.92%-4.78%-11.02%-1.65%-1.31%+18.60%+7.34%-8.82%-13.72%
Cost of Revenue60.84M121.31M137.78M177.97M271.63M350.88M391.81M444.23M475.14M500.97M559.22M581.75M637.80M677.05M647.54M640.76M651.91M661.98M690.70M800.24M886.68M840.06M703.92M
Gross Profit118.83M285.78M314.17M1.07B1.60B731.81M770.37M779.73M778.24M841.27M917.14M1.23B1.16B1.04B1.12B1.05B849.21M814.34M766.25M927.68M968.12M851.24M755.34M
Gross Margin66.14%70.20%69.51%85.70%85.47%67.59%66.29%63.71%62.09%62.68%62.12%67.89%64.51%60.67%63.45%62.02%56.57%55.16%52.59%53.69%52.20%50.33%51.76%
Operating Expense-71.29M-228.19M-625.11M917.96M3.98M165.57M89.09M182.01M112.25M75.00M37.85M84.92M41.41M74.02M68.17M92.08M108.24M92.74M-598.94M294.24M518.85M113.00M-241.38M
Operating Income190.11M513.96M939.28M148.21M1.59B566.23M681.28M597.72M665.99M766.27M879.29M1.15B1.12B970.29M1.06B954.13M740.96M721.60M1.37B633.44M449.26M738.24M996.71M
Operating Margin105.81%126.25%207.83%11.91%85.25%52.30%58.62%48.83%53.14%57.09%59.56%63.21%62.20%56.37%59.60%56.56%49.36%48.88%93.70%36.66%24.22%43.65%68.30%
EBITDA193.12M520.43M946.82M1.47B632.09M357.69M537.48M480.24M493.13M813.24M861.49M1.07B1.14B515.44M1.20B621.97M52.13M858.22M1.37B634.51M1.13B2.97B1.21B
EBITDA Margin107.48%127.84%209.50%118.40%33.82%33.04%46.25%39.24%39.34%60.59%58.35%58.88%63.49%29.94%67.90%36.87%3.47%58.13%93.97%36.72%60.99%175.36%83.19%
Net Income177.49M471.86M908.34M134.66M555.25M323.39M514.56M541.72M581.04M1.44B1.20B1.91B640.08M712.18M848.49M882.51M-734.18M467.29M968.58M1.10B517.24M2.38B726.99M
Net Income Margin98.79%115.91%200.98%10.82%29.71%29.87%44.28%44.26%46.36%107.39%80.97%105.42%35.62%41.37%47.89%52.31%-48.91%31.65%66.48%63.70%27.89%140.68%49.82%
Interest Expense-45.66M32.37M23.46M7.63M319.68M217.32M163.99M182.04M245.00M260.07M396.02M401.39M404.82M418.44M433.38M399.96M397.69M396.63M515.89M584.29M528.64M463.87M
Interest Expense % of Total Revenue-11.22%7.16%1.89%0.41%29.53%18.70%13.40%14.52%18.25%17.62%21.86%22.34%23.52%23.62%25.69%26.64%26.94%27.22%29.86%31.50%31.26%31.79%

Balance Sheet

Currency: ZAR2004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Total Assets1.93B2.30B3.10B7.41B7.79B7.81B8.11B8.64B9.36B10.11B11.64B13.84B14.29B14.73B15.17B14.80B13.86B13.28B14.07B16.24B15.60B16.94B16.39B
Total Liabilities431.68M512.18M621.33M1.80B2.03B2.27B2.58B2.80B3.59B3.52B4.64B4.90B5.44B5.89B6.20B5.82B6.42B5.93B6.21B7.72B7.24B6.99B6.60B
Total Equity1.50B1.79B2.48B5.61B5.76B5.54B5.53B5.84B5.78B6.59B7.01B8.95B8.86B8.84B8.97B8.98B7.44B7.35B7.86B8.18B8.35B9.94B9.78B
Cash--652.00K13.89M68.83M36.52M40.68M94.51M22.19M22.64M45.30M53.21M55.55M168.66M109.45M73.23M95.05M96.91M66.78M125.05M180.76M407.79M1.57B
Total Debt1.87M1.87M3.22M1.21B1.24B1.37B1.79B2.05B2.62B2.87B3.95B4.51B4.98B5.38B5.67B5.29B5.26B5.25B5.62B6.99B6.47B6.28B6.07B
Net Debt1.87M1.87M2.57M1.19B1.17B1.34B1.75B1.96B2.60B2.85B3.91B4.46B4.92B5.21B5.56B5.22B5.17B5.16B5.55B6.86B6.29B5.88B4.50B

Cash Flow

Currency: ZAR2004-06-302005-06-302006-06-302007-06-302008-06-302009-06-302010-06-302011-06-302012-06-302013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-302024-06-302025-06-302026-06-30
Operating Cash Flow116.07M-7.57M-72.35M135.19M63.82M29.86M-112.15M-86.28M-45.34M42.77M-32.27M-20.03M-53.47M-103.02M-185.27M-452.41M10.73M-215.60M491.31M-45.20M-402.30M-461.61M
Investing Cash Flow-1.84B-49.12M-155.75M-2.26B-156.56M-290.08M-244.05M-340.07M-469.77M-150.87M-585.14M-490.15M-437.56M-211.48M-338.92M648.44M584.43M93.40M-112.48M-225.71M1.08B957.59M2.04B
Financing Cash Flow1.73B61.91M95.55M220.55M76.31M193.96M218.35M506.04M483.73M196.66M565.03M530.33M459.93M378.06M382.74M-499.39M-110.20M-98.29M292.29M-209.85M-1.45B-325.91M-421.27M
Capital Expenditure37.23M8.98M6.50M8.30M7.12M8.15M5.91M18.96M11.69M21.17M9.38M17.68M26.78M28.90M22.62M3.31M461.79M167.00K86.00K69.00K477.00K62.00K144.00K
Free Cash Flow78.83M-16.55M-6.50M64.05M128.06M55.67M23.95M-131.11M-97.97M-66.51M33.39M-49.95M-46.81M-82.38M-125.64M-188.59M9.38M10.56M-215.69M491.24M-45.68M-402.37M-461.75M
Dividends Paid---2.93M-----561.79M584.97M639.13M714.57M718.43M757.34M22.21M786.47M402.98M604.04M651.92M473.09M574.70M599.46M
FCF to OCF67.92%218.68%-88.53%94.73%87.23%80.20%116.91%113.55%146.69%78.06%154.79%233.71%154.05%121.96%101.79%-2.07%98.44%100.04%99.99%101.06%100.02%100.03%
Dividend Paid to FCF---4.58%------844.67%1752.13%-1279.51%-1526.52%-872.15%-602.79%-11.78%8381.00%3815.40%-280.05%132.71%-1035.75%-142.83%-129.82%

Key Statistics & Ratios

Market Cap6.31B
Enterprise Value11.09B
Trailing P/E8.82
Forward P/E11.52
PEG Ratio212.31
Price / Sales4.33
Price / Book0.67
EPS1.53
Book Value20.95
Revenue (TTM)1.46B
Gross Profit (TTM)726.38M
EBITDA598.72M
Profit Margin49.83%
Operating Margin33.76%
Return on Equity7.36%
Return on Assets2.18%
Shares Outstanding467.58M
Shares Float145.31M
Beta0.01
Dividend Yield9.57%
Dividend Rate1.29
Payout Ratio82.13%

Dividends

20232×
30.35Jul 5, 202366.43Mar 8, 2023
20222×
63.20Sep 7, 202256.59Mar 9, 2022
20212×
66.65Sep 8, 202152.00Mar 10, 2021
20202×
30.26Sep 16, 202074.10Mar 11, 2020
20192×
78.48Sep 4, 201972.86Mar 6, 2019
20182×
76.15Sep 5, 201870.65Mar 7, 2018
20172×
74.25Sep 6, 201768.93Mar 8, 2017
20162×
75.76Sep 7, 201670.34Mar 7, 2016
20152×
69.62Sep 7, 201564.65Mar 9, 2015
20142×
63.87Sep 8, 201459.31Mar 10, 2014
20132×
58.90Sep 9, 201355.69Mar 4, 2013
20122×
56.87Sep 10, 201253.81Mar 5, 2012