Emira Property Fund Management

Management criteria checks 3/4

Emira Property Fund's CEO is Geoff Jennett, appointed in Sep 2015, has a tenure of 8.67 years. total yearly compensation is ZAR15.38M, comprised of 23.1% salary and 76.9% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth ZAR9.85M. The average tenure of the management team and the board of directors is 8.7 years and 8.3 years respectively.

Key information

Geoff Jennett

Chief executive officer

R15.4m

Total compensation

CEO salary percentage	23.1%
CEO tenure	8.7yrs
CEO ownership	0.2%
Management average tenure	8.7yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geoff Jennett's remuneration changed compared to Emira Property Fund's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	R15m	R4m	R1b
Dec 31 2022	n/a	n/a	R1b
Sep 30 2022	n/a	n/a	R1b
Jun 30 2022	R12m	R5m	R969m
Mar 31 2022	n/a	n/a	R874m
Dec 31 2021	n/a	n/a	R779m
Sep 30 2021	n/a	n/a	R623m
Jun 30 2021	R9m	R4m	R467m
Mar 31 2021	n/a	n/a	-R329m
Dec 31 2020	n/a	n/a	-R1b
Sep 30 2020	n/a	n/a	-R930m
Jun 30 2020	R11m	R4m	-R734m
Mar 31 2020	n/a	n/a	R19m
Dec 31 2019	n/a	n/a	R771m
Sep 30 2019	n/a	n/a	R827m
Jun 30 2019	R8m	R4m	R883m
Mar 31 2019	n/a	n/a	R851m
Dec 31 2018	n/a	n/a	R819m
Sep 30 2018	n/a	n/a	R834m
Jun 30 2018	R4m	R3m	R848m
Mar 31 2018	n/a	n/a	R819m
Dec 31 2017	n/a	n/a	R790m
Sep 30 2017	n/a	n/a	R751m
Jun 30 2017	R5m	R2m	R712m

Compensation vs Market: Geoff's total compensation ($USD840.85K) is about average for companies of similar size in the ZA market ($USD732.62K).

Compensation vs Earnings: Geoff's compensation has increased by more than 20% in the past year.

CEO

Geoff Jennett (54 yo)

8.7yrs

Tenure

R15,379,148

Compensation

Mr. Geoffrey Michael Jennett, also known as Geoff, B.Com., BCom (Hons), HDipAcc, C.A. (SA), has been the Chief Executive Officer at Emira Property Fund Limited since September 1, 2015. He joined Emiraon on...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Geoffrey Jennett	CEO & Executive Director	8.7yrs	R15.38m	0.21% ZAR 9.9m
Greg Booyens	CFO & Executive Director	8.3yrs	R9.34m	0.11% ZAR 5.1m
Ulana van Biljon	COO & Executive Director	8.7yrs	R9.57m	0.54% ZAR 24.9m

8.7yrs

Average Tenure

54yo

Average Age

Experienced Management: EMI's management team is seasoned and experienced (8.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Geoffrey Jennett	CEO & Executive Director	8.7yrs	R15.38m	0.21% ZAR 9.9m
Greg Booyens	CFO & Executive Director	8.3yrs	R9.34m	0.11% ZAR 5.1m
Ulana van Biljon	COO & Executive Director	12.3yrs	R9.57m	0.54% ZAR 24.9m
Jasandra Nyker	Independent Non-Executive Director	5yrs	R455.00k	no data
James William Templeton	Independent Non-Executive Chairman of the Board	3.8yrs	R352.00k	0.14% ZAR 6.7m
Vusumuzi Mahlangu	Independent Non-Executive Director	13.9yrs	R422.00k	0.86% ZAR 39.6m
Vuyisa Nkonyeni	Independent Non-Executive Director	12.8yrs	R426.00k	no data
Derek John Thomas	Independent Non-Executive Director	6.8yrs	R310.00k	1.17% ZAR 53.9m
James Day	Non-Executive Director	less than a year	no data	no data

8.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: EMI's board of directors are considered experienced (8.3 years average tenure).

Emira Property Fund Management

Management criteria checks 3/4

Key information

Recent management updates

CEO & Executive Director exercised options to buy R391k worth of stock.

CEO & Executive Director exercised options to buy R3.5m worth of stock.

Emira Property Fund Limited Announces Executive Changes, Effective 1 October 2023

Emira Property Fund Limited Announces Retirement of Berlina Moroole as Director Member of the Audit and Risk Committee

Independent Non-Executive Director recently bought R3.0m worth of stock

Insufficient new directors

Recent updates

Emira Property Fund Limited to Report Fiscal Year 2024 Results on May 30, 2024

Upcoming dividend of R0.62 per share at 16% yield

CEO & Executive Director exercised options to buy R391k worth of stock.

Emira Property Fund Limited (JSE:EMI) completed the acquisition of remaining 31.85% stake in Transcend Residential Property Fund Limited (JSE : TPF) from SA Corporate Real Estate Limited, International Housing Solutions (RF) Proprietary Limited and IHS (SAWHF Interest) Proprietary Limited.

Emira Property Fund Limited to Report Q1, 2024 Results on Nov 16, 2023

CEO & Executive Director exercised options to buy R3.5m worth of stock.

Emira Property Fund Limited Announces Executive Changes, Effective 1 October 2023

Emira Property Fund Limited Announces Retirement of Berlina Moroole as Director Member of the Audit and Risk Committee

Independent Non-Executive Director recently bought R3.0m worth of stock

Insufficient new directors

Emira Property Fund Limited, Annual General Meeting, Sep 28, 2023

Independent Non-Executive Director recently bought R249k worth of stock

Independent Non-Executive Director recently bought R1.6m worth of stock

Non-Executive Director recently bought R747k worth of stock

New minor risk - Earnings quality

Upcoming dividend of R0.30 per share at 12% yield

Price target decreased by 11% to R9.70

Emira Property Fund Limited Announces Dividend Declaration, Payable on 10 July 2023

Upcoming dividend of R0.66 per share at 12% yield

First half 2023 earnings released: EPS: R1.17 (vs R0.64 in 1H 2022)

Emira Property Fund Limited Approves Dividend for the Six Months Ended 31 December 2022, Payable on March 13, 2023

Emira Property Fund Limited Provides Distribution for the Six Months Ended December 31, 2022

Emira Property Fund Limited, Annual General Meeting, Nov 10, 2022

Full year 2022 earnings released: EPS: R2.00 (vs R0.96 in FY 2021)

Upcoming dividend of R0.63 per share

Full year 2022 earnings released: EPS: R2.00 (vs R0.96 in FY 2021)

Maitlantic 10 (Pty) Ltd and others acquired unknown stake in Emira Property Fund Limited (JSE:EMI).

Upcoming dividend of R0.57 per share

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Price target increased to R10.37

Upcoming dividend of R0.67 per share

Full year 2021 earnings released: EPS R0.96 (vs R1.48 loss in FY 2020)

Price target increased to R9.54

Price target increased to R9.54

Emira Property Fund Limited (JSE:EMI) acquired Newport Pavilion Power Center.

Price target raised to R9.03

First half 2021 earnings released: R0.005 loss per share (vs R0.78 profit in 1H 2020)

New 90-day high: R7.92

New 90-day high: R6.91

New 90-day high: R6.83

Emira Property Fund Limited Announces Changes to its Board of Directors

New 90-day high: R6.81

Price target lowered to R8.03

Upcoming Dividend of R0.30 Per Share

Full year earnings released

Full year earnings released

New 90-day low - R5.48

Price target lowered to R8.97

Emira Property Fund Limited to Report Fiscal Year 2020 Results on Aug 31, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age