Its SA direct portfolio of 37 held properties recorded an increase in vacancies to 5% (by GLA) (September 2025: 3.8%) with 87.3% (by gross rental) of leases (having matured during the period) retained with total weighted average rent reversions having improved to -3.7% (September 2025: -4.7%).

The REIT’s weighted average lease expiry (WALE) at the end of the period improved to 3 years (September 2025: 2.7 years) while average annual lease escalations remained at 6.4%.

Vacancies in Emira’s retail portfolio (comprising 11 assets) improved to 4.5% (September 2025: 4.8%) with the portfolio’s WALE increasing to 3.9 years (September 2025: 3.1 years) and 84.5% (by gross rental) of maturing leases retained during the period. Total weighted average rent reversions for the period were similar at 0.5% (September 2025: 0.6%).

Its office vacancies increased to 9.9% (September 2025: 8%) due to a tenant vacating Menlyn Corporate Park while the portfolio’s WALE improved to 2.5 years (September 2025: 2.3 years) with 92.2% (by gross rental) of maturing leases retained. Total weighted average rent reversions improved to 3.7% (September 2025: -4.2%). Emira’s office portfolio comprises 10 properties, mainly P- and A-grade.