Emirates REIT (CEIC) PLC (REIT)

Dubai – Mubasher: The net profits of Emirates REIT, the UAE's largest Sharia-compliant real estate investment trust, amounted to $50.853 million as at 30 June 2021, against net losses of $70.045 million in the year-ago period. The company's total …

Dubai – Mubasher: Emirates REIT has registered net profits of $35.8 million (AED 131.5 million) during the first quarter (Q1) of 2021, against net losses of $46.3 million (AED 170.1 million) in the year-ago period. The company has turned to …

UAE - Mubasher: Emirates REIT has sold half of a shell and core office floor in Index Tower in the Dubai International Financial Centre (DIFC) in exchange for AED 40 million. The sale has resulted in a valuation gain of AED 18 million compared to …

Dubai – Mubasher: Emirates REIT has rescinded the voluntary consent solicitation memorandum (CSM), which aims to exchange existing unsecured Sukuk certificates with new secured Sukuk certificates on a dollar-for-dollar basis. Although 57% of Sukuk …

Dubai – Mubasher: Fitch Ratings has downgraded Emirates REIT's Long-Term Issuer Default Rating (IDR) to 'C' from 'B+' and the senior unsecured Sukuk trust certificates to 'C' from 'BB-'. Emirates REIT has proposed to convert its existing $400 …

Dubai – Mubasher: A group of creditors has appointed financial adviser Rothschild and law firm Clifford Chance to oppose the terms of Emirates REIT's proposal to convert existing unsecured Sukuk worth $400 million into new secured instruments, …

Dubai – Mubasher: Emirates REIT has started a consent solicitation process to exchange existing unsecured Sukuk certificates with new secured Sukuk certificates. The new certificates will be secured by a very substantial part of Emirates …

Dubai – Mubasher: The net asset value of Emirates REIT dropped by 9.7% to $469.7 million (AED 1.7 billion) or $1.57 per share in 2019, compared to $520 million (AED 1.9 billion) in 2018. The company's liquidity rose by 27% to $48.4 million (AED …

Dubai - Mubasher: Emirates REIT, the world’s largest Shari’a compliant real estate investment trust (REIT) and the first REIT listed on Nasdaq Dubai, has generated a lower year to date net profit of $5.9 million (AED 21.83 million) in the third …

UAE – Mubasher: Equitativa (Dubai) Limited, the largest REIT manager in the GCC and manager of Emirates REIT (CEIC) Plc, on Thursday announced that it considers investing around AED 200 million in new real estate acquisitions in several sectors …

UAE – Mubasher: Dubai-based Equitativa Limited, the largest REIT manager in the GCC and manager of Emirates REIT (CEIC) Limited, on Tuesday announced Emirates REIT unaudited financial results for the first quarter of 2019. Net profit of Emirates …

Dubai – Mubasher: Emirates REIT, the world's largest sharia-compliant Real Estate Investment Trust, on Thursday announced that its portfolio value reached AED 3.5 billion ($940 million) in the full-year 2018. Net asset value (NAV) recorded $1.736 …

Dubai – Mubasher: Equitativa Group, the manager of Emirates REIT (CEIC) Limited, on Sunday posted Emirates REIT’s financial results for the first nine months of 2018. The property income of the world’s largest sharia-compliant real estate …

Dubai – Mubasher: Equitativa has announced that its subsidiary Emirates REIT was selected to join the FTSE EPRA/NAREIT Emerging Index. The selection of the GCC’s largest REIT manager came after the company reported a hike in its daily average …

Dubai – Mubasher: Equitativa, the manager of Emirates REIT (CEIC) Limited, has reported a 27% year-on-year increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the UAE-based real estate fund in the first six …

Dubai – Mubasher: The general assembly of Emirates REIT approved the board’s proposal for distributing cash dividends for 2017 during a meeting held on 21 June. Dividends worth $0.04 per share will be distributed as of 30 June to all registered …

Mubasher: Warba Bank has arranged and issued Islamic sukuk on behalf of the UAE company Emirates REIT for a total value of $400 million (KWD 120 million). Emirates REIT is the first UAE-based real estate investment trust that is in in compliance …

Dubai – Mubasher: Emirates REIT on Wednesday announced the closing of $400 million sukuk with a profit rate of 5.125% per annum, The profit rate “equivalent to a credit spread of 291 bps over the mid-swap rate,” Emirates REIT said in a statement …

Dubai - Mubasher: Emirates REIT on Wednesday stated that its net profits grew 42.2% year-on-year to $49.9 million in the first nine months of 2017. Emirates REIT’s portfolio value crossed the AED 3 billion ($817 million) mark during the first …

Dubai - Mubasher: Emirates REIT plans to issue a debut Islamic bond (sukuk) of at around $300 million by the end of this year, according to a statement issued by Nasdaq Dubai. The sharia-compliant real estate investment trust will issue US dollars …

Dubai – Mubasher: Emirates REIT on Wednesday signed an agreement to acquire the European Business Centre in Dubai for AED 130 million ($35.4 million). The firm forecast that this deal will generate an internal rate of return (IRR) of over 10%, …

Abu Dhabi – Mubasher: Emirates REIT on Wednesday said its assets rose 4% year-on-year by the end of the first half of 2017. Assets increased to $487.8 million by the end of H1-17, from $469.4 million in H1-16, according to a statement by the …

Dubai – Mubasher: Emirates REIT’s net asset value amounted to $492 million by the end of April 2017. The fund’s portfolio value stood at $764 million, according to a statement. The fund will distribute a dividend of $0.04 per share by the end of …

Abu Dhabi – Mubasher: Emirates REIT said its shareholders will discuss on Tuesday, 14 June, the second proposed dividend payment of $0.04 per share for fiscal year 2016. Total dividends amount to $11.98 million for FY16, according to a statement. …

Dubai – Mubasher: Emirates REIT on Monday reported a year-on-year 21% growth in its rental income to $12.6 million in the first quarter of 2017, up from $10.4 million in the year-ago period. The increase “primarily reflects stronger leasing at …