Stock Analysis

Emira Property Fund Full Year 2024 Earnings: EPS: R1.07 (vs R2.28 in FY 2023)

JSE:EMI
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Emira Property Fund (JSE:EMI) Full Year 2024 Results

Key Financial Results

  • Revenue: R1.89b (down 14% from FY 2023).
  • Net income: R517.2m (down 53% from FY 2023).
  • Profit margin: 27% (down from 50% in FY 2023).
  • EPS: R1.07 (down from R2.28 in FY 2023).
earnings-and-revenue-history
JSE:EMI Earnings and Revenue History June 5th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Emira Property Fund Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 7.4% decline forecast for the REITs industry in South Africa.

Performance of the South African REITs industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Emira Property Fund (2 are significant) you should be aware of.

Valuation is complex, but we're helping make it simple.

Find out whether Emira Property Fund is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About JSE:EMI

Emira Property Fund

Emira Property Fund Limited (the "Company") is a Real Estate Investment Trust ("REIT") domiciled in South Africa and, together with all its subsidiaries (the "Group" or the "Fund" or "Emira"), owns a portfolio of property investments which are diversified both sectorally and geographically.

Low second-rate dividend payer.