Emira Property Fund (EMI) - Net Assets

Latest as of March 2026: ZAC9.78 Billion ZAC ≈ $5.20 Million USD

Based on the latest financial reports, Emira Property Fund (EMI) has net assets worth ZAC9.78 Billion ZAC (≈ $5.20 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC16.39 Billion ≈ $8.71 Million USD) and total liabilities (ZAC6.60 Billion ≈ $3.51 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Emira Property Fund's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC9.78 Billion
% of Total Assets 59.7%
Annual Growth Rate 9.42%
5-Year Change 35.35%
10-Year Change 12.33%
Growth Volatility 28.09

Emira Property Fund - Net Assets Trend (2004–2025)

This chart illustrates how Emira Property Fund's net assets have evolved over time, based on quarterly financial data. See Emira Property Fund defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Emira Property Fund (2004–2025)

The table below shows the annual net assets of Emira Property Fund from 2004 to 2025. For live valuation and market cap data, see EMI market cap.

Year Net Assets Change
2025-06-30 ZAC9.95 Billion
≈ $5.29 Million		 +18.92%
2024-06-30 ZAC8.37 Billion
≈ $4.45 Million		 -1.86%
2023-06-30 ZAC8.53 Billion
≈ $4.53 Million		 +8.38%
2022-06-30 ZAC7.87 Billion
≈ $4.18 Million		 +7.00%
2021-06-30 ZAC7.35 Billion
≈ $3.91 Million		 -1.21%
2020-06-30 ZAC7.44 Billion
≈ $3.95 Million		 -17.17%
2019-06-30 ZAC8.98 Billion
≈ $4.77 Million		 +0.16%
2018-06-30 ZAC8.97 Billion
≈ $4.77 Million		 +1.46%
2017-06-30 ZAC8.84 Billion
≈ $4.70 Million		 -0.20%
2016-06-30 ZAC8.86 Billion
≈ $4.71 Million		 -0.92%
2015-06-30 ZAC8.94 Billion
≈ $4.75 Million		 +27.65%
2014-06-30 ZAC7.00 Billion
≈ $3.72 Million		 +6.28%
2013-06-30 ZAC6.59 Billion
≈ $3.50 Million		 +14.11%
2012-06-30 ZAC5.78 Billion
≈ $3.07 Million		 -1.11%
2011-06-30 ZAC5.84 Billion
≈ $3.10 Million		 +5.69%
2010-06-30 ZAC5.53 Billion
≈ $2.94 Million		 -0.23%
2009-06-30 ZAC5.54 Billion
≈ $2.94 Million		 -3.87%
2008-06-30 ZAC5.76 Billion
≈ $3.06 Million		 +2.75%
2007-06-30 ZAC5.61 Billion
≈ $2.98 Million		 +125.79%
2006-06-30 ZAC2.48 Billion
≈ $1.32 Million		 +38.84%
2005-06-30 ZAC1.79 Billion
≈ $950.55K		 +19.10%
2004-06-30 ZAC1.50 Billion
≈ $798.10K		 --

Equity Component Analysis

This analysis shows how different components contribute to Emira Property Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 182483700000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings ZAC1.82 Billion 18.36%
Common Stock ZAC3.40 Billion 34.24%
Other Components ZAC4.71 Billion 47.40%
Total Equity ZAC9.94 Billion 100.00%

Emira Property Fund Competitors by Market Cap

The table below lists competitors of Emira Property Fund ranked by their market capitalization.

Company Market Cap
West Coast Paper Mills Limited
NSE:WSTCSTPAPR
 $367.54 Million
Checkpoint Therapeutics Inc
NASDAQ:CKPT
 $367.72 Million
TSH Resources Bhd
KLSE:9059
 $367.79 Million
Forward Air Corporation
NASDAQ:FWRD
 $367.80 Million
Wisesoft Co Ltd
SHE:002253
 $367.14 Million
Hainan Huluwa Pharmaceutical Group Co Ltd
SHG:605199
 $367.10 Million
Hanjia Design Croup Co Ltd Class A
SHE:300746
 $366.99 Million
QuickLogic Corporation
NASDAQ:QUIK
 $366.53 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Emira Property Fund's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 8,349,926,000 to 9,938,619,000, a change of 1,588,693,000 (19.0%).
  • Net income of 2,379,340,000 contributed positively to equity growth.
  • Dividend payments of 574,695,000 reduced retained earnings.
  • Share repurchases of 13,827,000 reduced equity.
  • Other comprehensive income decreased equity by 4,373,330,000.
  • Other factors increased equity by 4,189,179,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC2.38 Billion +23.94%
Dividends Paid ZAC574.70 Million -5.78%
Share Repurchases ZAC13.83 Million -0.14%
Other Comprehensive Income ZAC-4.37 Billion -44.0%
Other Changes ZAC4.19 Billion +42.15%
Total Change ZAC- 19.03%

Book Value vs Market Value Analysis

This analysis compares Emira Property Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 72.65x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 281.04x to 72.65x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-06-30 ZAC5.26 ZAC1479.35 x
2005-06-30 ZAC6.26 ZAC1479.35 x
2006-06-30 ZAC8.66 ZAC1479.35 x
2007-06-30 ZAC15.12 ZAC1479.35 x
2008-06-30 ZAC11.73 ZAC1479.35 x
2009-06-30 ZAC11.28 ZAC1479.35 x
2010-06-30 ZAC11.33 ZAC1479.35 x
2011-06-30 ZAC11.58 ZAC1479.35 x
2012-06-30 ZAC11.40 ZAC1479.35 x
2013-06-30 ZAC13.24 ZAC1479.35 x
2014-06-30 ZAC14.29 ZAC1479.35 x
2015-06-30 ZAC17.60 ZAC1479.35 x
2016-06-30 ZAC17.35 ZAC1479.35 x
2017-06-30 ZAC17.73 ZAC1479.35 x
2018-06-30 ZAC17.57 ZAC1479.35 x
2019-06-30 ZAC17.86 ZAC1479.35 x
2020-06-30 ZAC14.96 ZAC1479.35 x
2021-06-30 ZAC15.02 ZAC1479.35 x
2022-06-30 ZAC16.07 ZAC1479.35 x
2023-06-30 ZAC16.72 ZAC1479.35 x
2024-06-30 ZAC17.06 ZAC1479.35 x
2025-06-30 ZAC20.36 ZAC1479.35 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Emira Property Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 23.94%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 140.68%
  • • Asset Turnover: 0.10x
  • • Equity Multiplier: 1.70x
  • Recent ROE (23.94%) is above the historical average (12.21%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 11.82% 98.79% 0.09x 1.29x ZAC27.32 Million
2005 26.38% 115.91% 0.18x 1.29x ZAC293.00 Million
2006 36.58% 200.98% 0.15x 1.25x ZAC660.01 Million
2007 2.40% 10.82% 0.17x 1.32x ZAC-426.04 Million
2008 9.64% 29.71% 0.24x 1.35x ZAC-20.86 Million
2009 5.84% 29.87% 0.14x 1.41x ZAC-230.45 Million
2010 9.31% 44.28% 0.14x 1.47x ZAC-38.01 Million
2011 9.28% 44.26% 0.14x 1.48x ZAC-42.26 Million
2012 10.06% 46.36% 0.13x 1.62x ZAC3.51 Million
2013 21.86% 107.39% 0.13x 1.53x ZAC782.08 Million
2014 17.06% 80.97% 0.13x 1.66x ZAC494.83 Million
2015 21.35% 105.42% 0.13x 1.55x ZAC1.02 Billion
2016 7.23% 35.62% 0.13x 1.61x ZAC-245.68 Million
2017 8.06% 41.37% 0.12x 1.67x ZAC-171.81 Million
2018 9.46% 47.89% 0.12x 1.69x ZAC-48.37 Million
2019 9.83% 52.31% 0.11x 1.65x ZAC-15.57 Million
2020 -9.87% -48.91% 0.11x 1.86x ZAC-1.48 Billion
2021 6.36% 31.65% 0.11x 1.81x ZAC-267.57 Million
2022 12.32% 66.48% 0.10x 1.79x ZAC182.39 Million
2023 13.45% 63.70% 0.11x 1.99x ZAC282.54 Million
2024 6.19% 27.89% 0.12x 1.87x ZAC-317.76 Million
2025 23.94% 140.68% 0.10x 1.70x ZAC1.39 Billion

Industry Comparison

This section compares Emira Property Fund's net assets metrics with peer companies in the REIT - Diversified industry.

Industry Context

  • Industry: REIT - Diversified
  • Average net assets among peers: $7,280,454,321
  • Average return on equity (ROE) among peers: 14.73%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Emira Property Fund (EMI) ZAC9.78 Billion 11.82% 0.67x $367.21 Million
aReit Prop Ltd (APO) $913.92 Million -1.01% 0.00x $158.90K
Attacq (ATT) $309.68 Million 72.34% 0.94x $659.36 Million
Burstone Group Limited (BTN) $12.17 Billion 11.99% 0.57x $409.01 Million
Growthpoint Properties Ltd (GRT) $19.78 Billion -0.50% 0.55x $3.11 Billion
Oasis Crescent Property Fund (OAS) $1.40 Billion 3.44% 0.03x $1.02 Million
Octodec (OCT) $6.56 Billion 9.31% 0.75x $245.88 Million
Redefine Properties Ltd (RDF) $15.11 Billion 7.40% 1.31x $2.31 Billion
Rebosis Property Fund Ltd (REA) $4.64 Billion 14.78% 0.69x $3.23 Million
Rebosis (REB) $4.64 Billion 14.78% 0.69x $5.93 Million

About Emira Property Fund

JSE:EMI South Africa REIT - Diversified
Market Cap
$367.21 Million
ZAC690.95 Billion ZAC
Market Cap Rank
#14001 Global
#110 in South Africa
Share Price
ZAC1479.35
Change (1 day)
-0.38%
52-Week Range
ZAC1033.00 - ZAC1577.00
All Time High
ZAC1577.00
Categories
Companies in South Africa REIT - Diversified
About

Emira Property Fund Limited is a Real Estate Investment Trust (REIT) domiciled in South Africa and, together with all its subsidiaries, owns a portfolio of property investments which are sectorally and geographically diversified. Emira continues to deliver returns throughout the cycles by way of this risk-mitigating diversification strategy. The Fund has direct property holdings as well as indire… Read more