Published: Aug 27, 2025 10:00:47 AM
Sequence No.: 7
ISIN: AEDFXA1XE5D7

Equitativa (Dubai) Limited today reports H1 2025 Results for Emirates REIT:

 

KEY HIGHLIGHTS:

• Total property income increased by 24% year-on-year on a like-for-like basis, reaching USD 39m.
• Occupancy increased to 95% (H1 2024: 91%).
• Finance-to-Value (LTV) has been reduced by 50% to a robust 20% (H1 2024: 40%).
• Finance costs decreased by 57% to USD 12m (H1 2024: USD 27m).
• Funds from Operations (FFO) increased to USD 7m (H1 2024: USD -1.5m).
• Revaluation gains of USD 177m leading to the total assets value reaching USD 1.2bn, higher than the USD 1.1bn in H1 2024, despite the sale of the two properties.
• Net Asset Value reached a historic high with an increase of 57% year-on-year to USD 886m or USD 2.78 per share from USD 563m (USD1.76 per share) in H1 2024.
• Dividend of USD 7m paid in H1 2025.

 

For further information including the Annual Report and Financial Statements, please refer to our Investor Relations Page.