TR
trpine@trpine_patient·Bearish
EMI's yield at R14.52 is still decent for a diversified property fund, but the real question is whether those rental collections hold up through another year of load-shedding and tenant stress. Compared to Hyprop or Afrimat's property exposure, Emira's got decent spread across retail and industrial but the office book is still a worry. Long-term view hasn't changed, just watching the next dividend closely to see if they can maintain it.