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Investors get 19% return from Emira
![Investors get 19% return from Emira](https://biz-file.com/c/1302/124442.jpg)
Its total return to investors was 19% for the period‚ during which Emira's net asset value increased by 4.4% to 1249 cents per participatory interest (PI).
James Templeton‚ chief executive of Emira‚ said the positive performance was a result of several things including improved leasing‚ with portfolio occupancy levels of over 92%.
He also said savings on property management fees and lower funding costs supported by restructured debt were among Emira's other performance boosting achievements for the period.
"These results mark a turnaround for the fund. We've been aggressive in every area of our business‚" says Templeton. "We simultaneously improved our property portfolio‚ enhanced our buildings and delivered superior management efficiencies with tight cost and credit controls‚" he added.
Templeton believes the outlook for Emira's distribution growth for the rest of the year will be similar to those in the first six months.
Source: I-Net Bridge
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For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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