EMIRATES REIT ACHIEVES HIGHEST EVER PROPERTY INCOME

Key Highlights for FY 2023

• Total property income posted year-on-year growth of 10% to USD 74m, highest value ever
• Operating profit rose 37% to reach USD 44m for the Financial Year
• Net Asset Value grew by 34% to close at USD 500m – a NAV per share of USD 1.57
• Value of Investment Properties increased by 18% to USD 924m
• Total Assets crossed USD 1bn, to USD 1,037m
• Occupancy across the portfolio increased by 1.7 p.p. to 86%
• Finance To Value decreased by 7.3 p.p. to 43%

Thierry Delvaux, Chief Executive Officer of Equitativa

Dubai, 17 April 2024 – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported FY 2023 financial results for Emirates REIT. The REIT experienced strong growth, with record property income.

Continue reading EMIRATES REIT ACHIEVES HIGHEST EVER PROPERTY INCOME →