Equitativa REPORTS 20% increase in net property INCOME AND Decreases Finance to asset value to 20% in Emirates REIT’s FY2025 Results
Dubai, 25 March 2026 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported FY2025 financial results for Emirates REIT for the period ending 31 December 2025.
00001KEY HIGHLIGHTS
- Funds from Operations, excluding gains from divested investment properties in 2024, reached a record high of USD 25m (FY2024: USD -5m).
- Net property income increased by 20% year-on-year on a like-for-like basis to USD 71m (FY2024: USD 59m).
- Occupancy rose to 96% (FY2024: 94%).
- Finance to Asset Value (LTV) dropped to 20% (FY 2024: 24%).
- Net Finance Costs decreased by 61% to USD 19m (FYE2024: USD 50m).
- Revaluation gains reached USD 191m, lifting total asset value to USD 1.25b, despite the disposal of two investment properties in FY2024.
- Net Asset Value increased 27% year-on-year to USD 896m.
- Dividend of USD 14.5m paid during FY2025.

Thierry Delvaux, CEO of Equitativa,
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