Emira Property Fund (JSE:EMI) Selling, General, & Admin. Expense: R147 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:EMI Emira Property Fund Ltd JSE:EMI
61 GF Score
Price R13.10
GF Value R8.61
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Emira Property Fund Selling, General, & Admin. Expense?

Emira Property Fund JSE:EMI -1.73% 61 Selling, General, & Admin. Expense is R147 Mil as of Mar. 2026. GuruFocus rates JSE:EMI with a GF Score™ of 61/100 and a GF Value™ of R8.61 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Emira Property Fund's selling, general, & admin. expense for the six months ended in Mar. 2026 was R88 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R147 Mil.


Emira Property Fund  (JSE:EMI) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Emira Property Fund Selling, General, & Admin. Expense Related Terms


Emira Property Fund Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Emira Property Fund's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Emira Property Fund Selling, General, & Admin. Expense Chart

Emira Property Fund Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.74 93.08 117.62 113.00 146.55

Emira Property Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.40 55.80 57.20 59.05 87.50

JSE:EMI vs VICI, WPC: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Emira Property Fund's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Emira Property Fund Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Emira Property Fund's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Emira Property Fund's Selling, General, & Admin. Expense falls into.


JSE:EMI
61GF Score
Emira Property Fund Ltd JSE:EMI
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Emira Property Fund Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R147 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of R147 Mil mean?
Emira Property Fund (JSE:EMI) has a Selling, General, & Admin. Expense of R147 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Emira Property Fund and its competitors.
Is Emira Property Fund's Selling, General, & Admin. Expense too high?
Emira Property Fund's current Selling, General, & Admin. Expense is R147 Mil. Overall, Emira Property Fund has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's Selling, General, & Admin. Expense compare to VICI and WPC?
Emira Property Fund's Selling, General, & Admin. Expense of R147 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Emira Property Fund and its competitors. Emira Property Fund's current Selling, General, & Admin. Expense is R147 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.61, compared to a current price of R13.10 — trading 52.1% above its estimated fair value. The current Selling, General, & Admin. Expense is R147 Mil. Emira Property Fund's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Emira Property Fund (JSE:EMI), the current Selling, General, & Admin. Expense is R147 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Emira Property Fund (JSE:EMI) Overvalued in 2026?

Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued. The current stock price of R13.10 is trading 52.1% above its estimated GF Value™ of R8.61. GuruFocus considers Emira Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:EMI:

  • Selling, General, & Admin. Expense: R147 Mil
  • GF Value™: R8.61 vs. price of R13.10 (52.1% above fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emira Property Fund Business Description

Industry Real EstateREITs
Address 33 Sloane Street, 1st Floor, Block A, Knightsbridge Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
61GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R13.10
Price
R8.61
GF Value