Emirates REIT (CEIC) PLC News - Mubasher Info
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10 June 09:56 PM

Emirates REIT (CEIC) PLC (REIT)

Last update: 9 June 04:00 AM market time.
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-0.40%
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Stock Statistics
Volume 58,600
Turnover 29,240.00
All data are 15 minutes late during market session

News

The company's total property income jumped by 8.1%
29 August 2021 02:53 PM Emirates REIT turns to profitability in H1-21
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 …
Financial Results
The company's net property income declined by 11.9% YoY
21 June 2021 10:00 AM Emirates REIT turns to profitability in Q1-21
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 …
Financial Results
The sale has resulted in a valuation gain of AED 18 million
10 June 2021 10:06 AM Emirates REIT sells property in DIFC for AED 40m
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 …
Companies Investments
The company will continue to work on enhancing the capital structure
7 June 2021 10:05 AM Emirates REIT rescinds consent solicitation for new secured Sukuk
Dubai – Mubasher: Emirates REIT has rescinded the voluntary consent solicitation memorandum (CSM), which aims to exchange existing unsecured Sukuk certificates with new secured Sukuk certificates on a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 …
Sukuk and Islamic Finance
Fitch sees the transaction as a Distressed Debt Exchange
25 May 2021 01:17 PM Fitch downgrades Emirates REIT's rating to 'C' on distressed debt exchange
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 …
Ratings
The bondholders may try to re-set the company's management fees
24 May 2021 10:12 AM Bondholders hire advisor for Emirates REIT's Sukuk exchange proposal
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, …
Sukuk and Islamic Finance
Sukuk include security over several revenue-generating properties
23 May 2021 10:05 AM Emirates REIT launches consent solicitation process for new secured Sukuk
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 …
Sukuk and Islamic Finance
The company's liquidity rose by 27%
9 April 2020 00:54 PM Emirates REIT sees 9.7% lower net asset value in 2019
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 …
Financial Results
Portfolio value stood at $1bn in 9M
6 November 2019 00:06 PM Equitativa: Emirates REIT sees $5.9m profit in Q3
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 …
Company News
Emirates REIT logged a profit of over AED 4 million in 6M
29 August 2019 01:50 PM Dubai’s Equitativa mulls AED 200m real estate acquisitions for Emirates REIT
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 …
Company News
Net profit of Emirates REIT fell to $1.6 million in Q1-19
11 June 2019 01:37 PM Emirates REIT’s Q1 net profit falls to $1.6m
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 …
Financial Results
The total NAV of the REIT amounted to AED 1.9 billion ($520 million) in 2018
21 March 2019 04:18 PM Emirates REIT portfolio hits AED 3.5bn in 2018
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 …
Sector Reports
The property income grew 19% to a total of $52.1 million in 9M-18
11 November 2018 01:52 PM Emirates REIT generates $27m EBITDA in 9M
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 …
Financial Results
The FTSE EPRA/Nareit Global Real Estate Index is a property index
24 September 2018 11:38 AM Emirates REIT joins FTSE EPRA/NAREIT Emerging Index
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 …
Companies Investments
“The net asset value at the end of the period was at $1.76 per share"
28 August 2018 02:30 PM Emirates REIT posts $18m EBITDA in 6M
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 …
Financial Results
Total distributed dividends for 2017 have reached $0.08 per share
24 June 2018 02:43 PM Emirates REIT nods to $0.04/shr dividends for FY17
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 …
Cash Dividends
Subscribing to this sukuk issue exceeded expectations
20 December 2017 00:01 PM Kuwait’s Warba Bank issues $400m sukuk for Emirates REIT
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 …
Banking and Finance
The sukuk was rated BB+ and stable by Fitch
6 December 2017 06:54 PM Emirates REIT closes $400m sukuk
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 …
Sukuk and Islamic Finance
Emirates REIT’s portfolio value crossed the AED 3 billion mark
1 November 2017 07:04 PM Emirates REIT profits grow 42% in 9M
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 …
Financial Results
Photo Archive
31 October 2017 11:04 PM Emirates REIT to issue $300m Sukuk
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 …
Sukuk and Islamic Finance
Emirates REIT signed an agreement to acquire the European Business Centre in Dubai for AED 130 million
24 August 2017 01:41 PM Emirates REIT acquires business centre for AED 130m
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%, …
Mergers and Acquisitions
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 company
23 August 2017 01:28 PM Emirates REIT assets reach $487.8m in H1-17
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 …
Financial Results
Emirates REIT's building
31 May 2017 00:09 PM Emirates REIT assets rise by end-April
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 …
Financial Results
(Photo Credit: Company Website)
9 May 2017 09:53 AM Emirates REIT to discuss dividends 14 June
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. …
Event
Emirates REIT headquarters (Photo Credit: Company website)
8 May 2017 01:05 PM Emirates REIT posts 21% YoY rise in rental income
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 …
Financial Results