Emira Property Fund (JSE:EMI) Full Year 2024 Results
Key Financial Results
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Revenue: R1.89b (down 14% from FY 2023).
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Net income: R517.2m (down 53% from FY 2023).
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Profit margin: 27% (down from 50% in FY 2023).
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EPS: R1.07 (down from R2.28 in FY 2023).
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
You should learn about the 4 warning signs we’ve spotted with Emira Property Fund (including 2 which don’t sit too well with us).
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