Emira Property Fund

Image placeholder
Emira Property Fund Limited
  • Emira Property Fund
  • Year : Aug 2019
3 Tokens
USD 300.00

Listed in 2003 as a property unit trust (“PUT”) under the Collective Investments Scheme Control Act (“CISCA”), Emira (the rated entity) became a Trust REIT on 1 July 2013, and converted to a Corporate REIT with effect from 1 July 2015. Emira is internally managed, but outsources property management Eris Property Management, Broll Property Group and Feenstra Group.

Additional Information

The outlook is Stable.

GCR expects portfolio quality to continue to be anchored by strong occupancy levels, competitive rental rates and escalations, while pressure on recurring margins is expected to be mitigated by contributions from the burgeoning international portfolio. GCR also expects the financial profile to be managed in line with moderately conservative gearing levels, with a sustained improvement in the debt maturity profile.

Related Publication

HomeChoice Holdings Limited (2014-07)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Industry Research: Real Estate Investment Trusts

The rating of CC(ZA) accorded to Rebosis Property Fund is not derived from the ACE but is rather a factor of expected default scenario.The graphs p...

Rating Securitisation Transactions Involving Intermediate SPVs

This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that t...

Available Purchase Options: