Emira Property lifted its interim dividend by over 1% following a near 7% rise in distributable earnings, with its local portfolio performing well and exceeding expectations, while its US portfolio remains stable and delivered in line with forecasts.
emira property fund's lifted dividend its interim by just over one percent near seven following a percent rise in distributable earnings south african the based heritha says its local performed portfolio well with most key indicators exceeding expectations emira has added that its us portfolio stable remains and that those investments have line with delivered in forecasts the fund expects distributable income for the year to be marginally higher the prior than period solid that's described how dipula has its annual performance the real estate investment trust has posted a seven percent rise revenue in but higher property related expenses its bottom weighed on line and contributed to a four percent decline in distributable earnings looking says ahead dipula while the long negative cycle for estate is not real yet over there are signs of improving fundamentals as such it's expecting improved performance an and is anticipating distributable earnings of at growth least five percent ahead for the year and over seventy six billion