Emira warns that Covid-19 will dent its dividend by at least 15%
The company has granted rental concessions worth nearly R75m to 1,152 SMME tenants across its R11bn SA portfolio
25 June 2020 - 20:27
Diversified real estate group Emira Property Fund, which owns Knightsbridge office park and Kramerville Corner mall, has not been spared by the pandemic.
Led by Geoff Jennett, the company which owns a portfolio of assets worth about R14.3bn including stakes in Australia, said on Thursday that it expected its dividend for the year to June 2020 to fall by at least 15%, or R118m, compared with the year to June 2019...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.