Emirates REIT

Eid Mubarak

Ramadan Kareem.

We are pleased to report that our 2019 financial results show that, despite overall market conditions, the portfolio has continued to perform strongly. Rental Income reached USD 64.5 million, a 5.1% increase from 2018, and property income saw an increase of 4.2% from 2018.



It was also a successful year for the development of our portfolio, as Emirates started construction of the extension of Lycée Franҫais Jean Mermoz, and the Index Mall opened in July, quickly becoming one of Dubai’s premier lifestyle destinations. These projects have already had a positive impact on tenant retention figures.



We are also delighted to have been recognised as the “Best Manager” at the Banker Middle East Industry Awards in , the “Best REIT” at the Islamic Business & Finance Awards and we are proud to feature in the Global 100.

Ramadan Kareem

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

We look forward to meeting all the delegates at kicking off tomorrow in Cannes. Come say hello at our stand in the Riviera Hall and learn more about .

The Equitativa Group cordially invites you to our stand at Cityscape Global.
We look forward to introducing you to Emirates REIT and The Residential REIT and discussing the exciting world of real estate investment trusts.

Equitativa Announces Admission of Emirates REIT to FTSE EPRA/Nareit Global Real Estate Index for Emerging Markets.
http://bit.ly/2QRMFJI

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.

Wishing you and your family a joyous and blessed Ramadan.

Equitativa, the largest REIT manager in the GCC, and manager of Emirates REIT, the largest Shari’a compliant REIT in the world and first REIT listed on Nasdaq Dubai, announced that it had signed a buy and lease-back agreement with the Lycée Français Jean Mermoz.
Equitativa has agreed on behalf of Emirates REIT to acquire with Lycée Français Jean Mermoz premises in Al Quoz, Dubai, for AED 75 million (USD 20.5m), and immediately lease it back for an initial period of 27 years.
Equitativa expects the transaction to generate an estimated Internal Rate of Return (IRR) in excess of 12%, and provide an initial net yield of 9.75%.