Emira Property Groups' Hyde Park Lane offices had seen a notable increase in interest and occupancy in the past financial year to March 31, 2026.
Emira Property Fund, which last month surprised the South Africa market by buying 23.5% of Octodec Investments, increased distributable income by 3.7% for the year to March 31 and has positioned its balance sheet for further growth, CEO James Day said.
The dividend per share was raised 4.1% to 129,01 cents, the results showed, this after a final dividend of 64,61 cents per share was declared, slightly higher than 61,50 cents at the same time last year.
Emira, which invests in South Africa, the US, and Poland, also acquired a 6.9% stake in JSE-listed REIT SA Corporate Real Estate, which has a portfolio focused primarily on retail, industrial, and residential sectors, during the past year.
In an online presentation on Thursday, in response to questions from investors about whether Emira intended to further increase its stake in Octodec, Day said they saw their investment as a strategic investment, were “more of a long-term investor,” and would, where they could, work with Octodec’s management to grow their portfolio.
