Emirates REIT

Ringing the market opening bell to celebrate the 5th anniversary of the listing of our shares on Nasdaq Dubai!

Equitativa, the largest REIT manager in the GCC and manager of Emirates REIT (CEIC) Limited, is pleased to report the unaudited first half financial results for Emirates REIT, the world's largest Shari'a compliant REIT, for the period ended 30 June 2018.

Emirates REIT's half-year results recorded a 27% EBITDA growth to USD 17.8 million for the period.

KEY HIGHLIGHTSTotal annualized return of 11%.
Property income grew by 20%.
Reduction of like for like Property expenses by 20%.
The higher income and lower expenses lead to a record EBITDA which increased by 27%.
Total annual dividend paid of USD 0.08 per share.
Acquisition of the Lycée Français Jean Mermoz.

View the full video presentation here: https://www.youtube.com/watch?v=UWXQojafIEA&feature=youtu.be

Equitativa announces strong first quarter 2018 results for Emirates REIT.

HIGHLIGHTSProperty operating income increased 23% to AED 48.6 million (USD 13.2 million) from Q1 2017
Strong EBITDA growth of 21%, to AED 31.3 million (USD 8.5 million) from Q1 2017
Portfolio value increased to AED 3.2 billion (USD 870 million)
Total Net Asset Value stands at AED 1.9 billion (USD 520 million) or USD 1.73 per share
Proposed Final Dividend 2017 of USD 0.04 per share to be distributed by 30 June 2018, bringing the total dividend for 2017 of USD 0.08 per share

To find out more, you can find the video presentation of the Q1 earnings results here:

Emirates REIT Q1 2018 Earnings Report Emirates REIT Q1 2018 earnings interview with CEO, Mr Sylvain Vieujot and CFO, Mr Remi Ishak.