Emira increases SA corporate real estate stake to 8.7%

Emira Property Fund Limited announced the acquisition of an additional 130,160,464 ordinary shares in SA Corporate Real Estate Limited for an aggregate consideration of R400,822,044.73. This transaction, executed through on-market purchases, increases Emira’s total holding in SA Corporate to 229,562,385 shares, representing an 8.7% stake in the company.

SA Corporate is a JSE-listed REIT with a portfolio primarily in industrial, retail, and residential buildings across South Africa and Zambia. Emira views this investment as consistent with its strategy of acquiring undervalued, quality assets, leveraging liquidity generated from its disposal programme. The transaction is categorized as a Category 2 and does not require shareholder approval.

The profitability metrics attributable to SA Corporate for the six months ended 30 June 2025, show a distributable income per share of 14.07 cents, basic earnings per share of 14.90 cents, and headline earnings per share of 13.33 cents. The net asset value per share stands at R4.33, with the total net asset value for 100% of SA Corporate reported as R11.36 billion.