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EMIRA PROPERTY FUND LTDEMIRA PROPERTY FUND LTDEMIRA PROPERTY FUND LTD

EMIRA PROPERTY FUND LTD

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EMI trade ideas

BULLISH FOR EMIRAI'm optimistic about the future of Emira Properties! I believe that the stock price could reach between R12,46 and R13,11in the near future. This prediction is based on several factors: 1. Market Trends: The overall property market is showing signs of recovery, which could positively impact Emira's valuation. 2. Strong Performance: Emira has a solid track record and continues to manage its properties effectively, which enhances investor confidence. 3. **Dividend Potential: With a recent dividend of R0.62 per share, the company is demonstrating its commitment to returning value to shareholders. While these factors suggest a positive outlook, it's always wise to conduct thorough research and consider market conditions before making any investment decisions.
JSE:EMILong
by CjAndrew3
Our opinion on the current state of EMIRA(EMI)Emira Property (EMI) is a real estate investment trust with significant exposure to the South African property market, particularly in office spaces, although it has been diversifying to reduce its dependence on this segment. It owns the Knightsbridge office park in Bryanston and has been under the leadership of CEO Geoff Jennett, who has steadily improved the business. The company has been working to rebalance its portfolio, reducing its exposure to South African office properties, which dropped from 35.7% to 25%. This was achieved by selling 25 B- and C-grade office buildings to Shankly Property Investments for R1.8bn. The proceeds have been strategically reinvested into retail shopping centres in the United States. Emira also has a stake in Growthpoint Australia worth approximately R918m and owns 35% of Transcend, a South African residential property fund. Its international exposure, valued at about R760m, is primarily focused on outdoor shopping malls in the U.S. In its latest results for the six months ending 30th September 2024, Emira reported headline earnings per share (HEPS) of 213.26c, up significantly from 7.31c in the previous period. The net asset value (NAV) rose by 14.2% to 1945.5c per share. The company indicated that its South African portfolio exceeded performance expectations, while its U.S. investments performed as anticipated, although year-on-year growth was inflated by one-off negative items recorded in the previous period. Technically, the share entered a new upward trend in November 2023, which remains ongoing. The company's efforts to diversify its portfolio and reduce reliance on local office properties make it better positioned to weather the challenges in the South African economy. Emira appears to be in a positive phase, driven by strategic asset reallocations and steady performance in both its local and international investments.
JSE:EMI
by PDSnetSA
Our opinion on the current state of EMIRA(EMI)Emira Property (EMI) is a real estate investment trust (REIT) with substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. Under the leadership of new CEO Geoff Jennett, the business has been consistently improving. The company has about R760m of overseas exposure, mostly to outdoor shopping malls in America, and a further R918m in Growthpoint Australia, but most of its exposure remains in South Africa. It owns 35% of Transcend, a South African residential fund, and has reduced its office exposure from 35.7% to 25%. Emira is dependent on improvements in the South African economy. It recently reduced its holding of B- and C-grade offices by selling twenty-five of them to Shankly Property Investments (controlled by Sandile Zungu) for R1.8bn. This has freed up cash, which has been invested in retail shopping centres in America. On 23rd April 2021, the company announced that it had received a mandatory offer from Maitlantic (Pty) Ltd, and I Group Consolidated Holdings for the purchase of the balance of its listed shares as a result of its shareholding going above 35%. The offer is at 915c per share in cash, which is well below the company's net asset value (NAV). In its results for the year to 31st March 2024, the company reported distributable earnings of R622.1m compared with R558m in the previous period. Headline earnings per share (HEPS) fell by 49.3%, and the company's net asset value (NAV) increased by 2.2% to 1733.1c per share. The company said, "The local portfolio has provided a robust operational performance, ahead of expectations. This can be attributed to continued enhancement of key metrics, specifically the reduction of vacancies and improved rent reversions." Technically, the share appears to have entered a new upward trend in November 2023, but it is still early days. Given the company's substantial exposure to the South African economy and its recent strategic moves, Emira is positioning itself for potential growth. However, investors should keep an eye on the broader economic environment and the company's ability to maintain its operational improvements. Investors should consider the following points: 1. Economic Dependency: Emira's performance is closely tied to the South African economy. Improvements in the local economy will likely benefit the company's performance. 2. Overseas Investments: The company's investments in American retail shopping centres and Growthpoint Australia provide some diversification, potentially reducing overall risk. 3. Operational Performance: The reduction in office exposure and improvement in key operational metrics are positive signs. 4. Share Price Trend: The share appears to be in a new upward trend, which could signal future growth opportunities. Overall, Emira Property presents a potentially promising investment, especially if the South African economy continues to recover. However, careful monitoring of economic conditions and the company's strategic execution is advised.
JSE:EMI
by PDSnetSA
1
Our opinion on the current state of EMIRA(EMI)Emira Property (EMI) is a real estate investment trust (REIT) which has substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. It has a new CEO in the form of Geoff Jennett, and the business has been improving consistently since he took over. It has about R760m of overseas exposure, mostly to outdoor shopping malls in America, and a further R918m in Growthpoint Australia - but most of its exposure is still here in South Africa. It owns 35% of Transcend, a South African residential fund. It has reduced its office exposure from 35.7% to 25%. Emira is dependent on improvements in the South African economy. It recently reduced its holding of B- and C-grade offices by selling twenty-five of them to Shankly Property Investments (controlled by Sandile Zungu) for R1.8bn. This has freed up cash which has been invested in retail shopping centres in America. On 23rd April 2021, the company announced that it had received a mandatory offer from Maitlantic (Pty) Ltd, and I Group Consolidated Holdings for the purchase of the balance of its listed shares as a result of its shareholding going above 35%. The offer is at 915c per share in cash, which is well below the company's net asset value (NAV). In its results for the six months to 30th September 2023, the company reported portfolio revenue up 12.5% and headline earnings per share (HEPS) down 90.2%. The company's net asset value (NAV) increased by 0.5% to 1703.4c per share. The company said, "Operationally, the Fund's investments in the USA continue to generally perform well; however, there have been certain larger tenant failures which have had an adverse impact on the current period's results. Interest rates remain persistently high and have negatively impacted the results, with rate increases greater than originally anticipated." In a pre-close update on 27th March 2024, the company reported collections at 97.7% in the commercial portfolio and office vacancies of 11.3%. The company's loan-to-value (LTV) was 43.7% on 29th February 2024. The company said, "The US portfolio comprises 12 equity investments into grocery-anchored, value-oriented, open-air power centres, with no additions or disposals during the period. As at 29 February 2024, vacancies across the 12 properties had increased to 4.7% (September 2023: 3.6%)." In a trading statement for the year to 31st March 2024, the company estimated that the distribution per share (DPS) would rise by between 19.86% and 21.93%. Technically, the share appears to have entered a new upward trend in November 2023, but it is still early days.
JSE:EMI
by PDSnetSA
Our opinion on the current state of EMIEmira Property (EMI) is a real estate investment trust (REIT) with significant exposure to the South African economy, particularly through its office properties, including the prestigious Knightsbridge office park in Bryanston. Under the leadership of CEO Geoff Jennett, the company has been consistently improving. While it has some overseas exposure, primarily in outdoor shopping malls in America and investments in Growthpoint Australia, most of its portfolio is still located in South Africa. Emira also holds a 35% stake in Transcend, a South African residential fund. The company has been strategically reducing its office exposure and reallocating capital into retail shopping centers in America. In April 2021, Emira received a mandatory offer from Maitlantic (Pty) Ltd and I Group Consolidated Holdings for the purchase of the balance of its listed shares due to its shareholding exceeding 35%. In its financial results for the six months ending September 30, 2023, Emira reported a 12.5% increase in portfolio revenue but a significant decline of 90.2% in headline earnings per share (HEPS). Despite this, the company's net asset value (NAV) increased slightly to 1703.4c per share. Emira cited certain tenant failures and higher-than-anticipated interest rates as factors impacting its results. In a pre-close update in March 2024, Emira reported commercial portfolio collections at 97.7% and office vacancies at 11.3%. The company's loan-to-value (LTV) ratio stood at 43.7% as of February 29, 2024. Emira's US portfolio, consisting of grocery-anchored, value-oriented open-air power centers, experienced an increase in vacancies to 4.7%. From a technical perspective, the share price of Emira appears to have entered a new upward trend starting in November 2023, although it is still early days. Investors may want to monitor the company's performance and market trends closely before making investment decisions.
JSE:EMI
by PDSnetSA
Our opinion on the current state of EMIEmira Property (EMI) is a real estate investment trust (REIT) which has substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. It has a new CEO in the form of Geoff Jennett and the business has been improving consistently since he took over. It has about R760m of overseas exposure mostly to outdoor shopping malls in America and a further R918m in Growthpoint Australia - but most of its exposure is still here in South Africa. It owns 35% of Transcend, a South African residential fund. It has reduced its office exposure from 35,7% to 25%. It is dependent on improvements in the South African economy. It recently reduced its holding of B- and C-grade offices by selling twenty-five of them to Shankly Property Investments (controlled by Sandile Zungu) for R1,8bn. This has freed up cash which has been invested in retail shopping centres in America. On 23rd April 2021 the company announced that it had received a mandatory offer from Maitlantic (Pty) Ltd, and I Group Consolidated Holdings for the purchase of the balance of its listed shares as a result of its shareholding going above 35%. The offer is at 915c per share in cash which is well below the company's net asset value (NAV). In its results for the six months to 30th September 2023 the company reported portfolio revenue up 12,5% and headline earnings per share (HEPS) down 90,2%. The company's net asset value (NAV) increased by 0,5% to 1703,4c per share. The company said, "Operationally, the Fund's investments in the USA continue to generally perform well however there have been certain larger tenant failures which have had an adverse impact on the current period's results. Interest rates remain persistently high and have negatively impacted the results, with rate increases greater than originally anticipated". Technically, the share appears to have entered a new upward trend in November 2023, but it is still early days.
JSE:EMI
by PDSnetSA
Our opinion on the current state of EMIEmira Property (EMI) is a real estate investment trust (REIT) which has substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. It has a new CEO in the form of Geoff Jennett and the business has been improving consistently since he took over. It has about R760m of overseas exposure mostly to outdoor shopping malls in America and a further R918m in Growthpoint Australia - but most of its exposure is still here in South Africa. It owns 35% of Transcend, a South African residential fund. It has reduced its office exposure from 35,7% to 25%. It is dependent on improvements in the South African economy. It recently reduced its holding of B- and C-grade offices by selling twenty-five of them to Shankly Property Investments (controlled by Sandile Zungu) for R1,8bn. This has freed up cash which has been invested in retail shopping centres in America. On 23rd April 2021 the company announced that it had received a mandatory offer from Maitlantic (Pty) Ltd, and I Group Consolidated Holdings for the purchase of the balance of its listed shares as a result of its shareholding going above 35%. The offer is at 915c per share in cash which is well below the company's net asset value (NAV). In its results for the 9 months to 31st March 2023 the company reported that it had changed its financial year-end so that its results were not comparable. The company reported portfolio revenue down 11,2% and headline earnings per share (HEPS) down 38,45%. The company said, "Net asset value per share increased by 4.16% to 1 696.4 cents compared to 1 628.6 cents for the comparative period; • Distributable earnings, whilst not comparable, decreased by 17.20% to R558.0 million compared to R673.9 million for the comparative period". In a pre-close update on 28th September 2023 the company reported vacancies at 4,3% and collections at 95,2%. The company said, "Office vacancies at the end of the period increased marginally to 12,7% (March 2023: 12,5%). The WALE has reduced slightly to 2,6 years and 73,4% (by gross rental) of maturing leases in the period were retained. Total weighted average reversions for the period have improved to -7,5% (March 2023: -14,8%)". Technically, the share appears to have entered a new downward trend since February 2022.
JSE:EMI
by PDSnetSA
$JSEEMI Emira Property Fund giving us a shorting opportunity?The JSE's property sector has unfortunately been under immense pressure over the last 2 years and the weakness exhibited by these property counters have provided many opportunities for the bears to capitalize on. What I have identified on Emira Property fund is that the stock tends to trade in range bound rectangular consolidation pattern for a period of time before breaking down and starting a new leg lower. After consolidating between R13.00 and R14.50 between March and July this year, we finally saw the break below the R13.00 support which started the next leg lower in the counter. We have now formed a new trading range between R11.70 and R13.00 which i suspect could play out in a very similar fashion to previous consolidations. In Addition, the 89 and 100 day moving averages (red/orange lines) have also capped gains for the stock on every attempt to rally since May and we have once again reached these moving averages as indicated by the red boxes. The RSI indicator has also moved into overbought territory with the current peak coinciding with the two previous short term peaks in the name. With all the above in mind, i would favor my chances entering a short between R12.80 - R13.00 on EMI , using a stop loss as a convincing close above R13.00 (aggressive)/ R13.30 (passive) and looking to target the bottom of the range at R11.70 in order to take profits.
JSE:EMIShort
by MarcoOlevano