Sequence No: 8/2019
ISIN: AEDFXA1XE5D7PUBLISHED ON JUNE 10, 2019 BY EMIRATES REIT (CEIC) LIMITED

Equitativa announces Emirates REIT’s financial results for the the period ended 31 March 2019.

 

KEY HIGHLIGHTS

• Portfolio value increased to USD 941 million (AED 3.5 billion), an increase of 8% from Q1-18 (USD 870 million)

• EBITDA stands at USD 8.6 million (AED 31.7 million), an increase of 1.4% from Q1-18 (USD 8.5 million)

• Total Net Asset Value as at 31 March 2019 stands at USD 510 million (AED 1.9 billion), or USD 1.70 per share

• Total Property Income stands at USD 17.9 million (AED 65.7 million), an increase of 8.4% from Q1-18 (USD 16.5 million)

• Proposed Final Dividend for 2018 of USD 0.04 per share to be distributed by 30 June 2019, bringing the total dividend for 2018 to USD 0.08 per share

 

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