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,

Continue reading Emirates REIT Reports 20% Net Property Income Growth →

Key Highlights for H1 2024

• Total property income posted year-on-year growth of 12% to USD 40m in H1 2024, driven by:

– Higher occupancy (90.5%)

– Higher lease rates (+10%)

• Property operating expenses declined 3% year-on-year
• Operating profit increased by 19% year-on-year to reach USD 25m, up from USD 21m in H1 2023
• Rising Sukuk costs continued to negatively impact the REIT’s performance
• Funds From Operations (“FFO”) improved whilst remaining negative at USD 1.5m for H1 2024 (H1 2023: negative USD 3.6m)
• NAV per share grew by 34% year-on-year to USD 1.76, which is an all-time high
• Finance To Value decreased year-on-year 6 p.p. to 40%, its lowest level since 2016
• Value of Investment Properties increased by 18% year-on-year, with total assets reaching USD 1.1bn

Dubai, United Arab Emirates. 27 August 2024 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported financial results for the half year ended June 30, 2024, for Emirates REIT.

Continue reading EMIRATES REIT REPORTS 19% YEAR ON YEAR INCREASE IN H1 2024 OPERATING PROFIT →