
Please try another search
ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shariah compliant real estate investment trust managed by Emirates NBD Asset Management Limited, announces its financial results for the first quarter of the financial year ended 30th June 2025. NAV stood at USD 236.6 million, equivalent to USD 0.95 per share, reflecting a 8.2% quarter-on-quarter (QoQ) and 18.8% year-on-year (YoY) increase. The total value of ENBD REIT’s property portfolio rose to USD 411 million, up 4% QoQ and 10% YoY, with the increase largely driven by valuation gains across prime office assets such as Burj Daman in DIFC. Portfolio occupancy remained at a record-high 95%, reinforced by long-term leases across alternative assets. The Weighted Average Unexpired Lease Term (WAULT) stood at 3.30 years, reflecting a well-balanced mix of secure long-term income streams and active leasing opportunities. Funds From Operations (FFO) reached USD 3.2 million, up from USD 2.85 million in the previous quarter, a 13% QoQ increase, supported by lower reinstatement costs, disciplined fund expense management, and steady rental income. Net income for the quarter, including valuation movements, of USD 18.2 million, largely driven by a USD 15 million unrealised gain in valuations.
Name | Age | Since | Title |
---|---|---|---|
Rashed Mohammad Al Awadhi | - | 2023 | Director |
Ali Rashid Humaid Al Mazroei | - | 2018 | Chairman of the Board |
Mark Edward John Creasey | - | 2017 | Independent Director |
Khalid Abdulkareem Ismaeil Ali Al Fahim | - | 2018 | Director |
Mohammad Abdul Rahim Sultan Al Olama | - | 2025 | Chairman of Fatwa & Shariah Supervisory Board |
Salim Ali S. Al Ali | - | 2025 | Member of Fatwa & Shariah Supervisory Board |
Muhammad Qaseem | - | 2025 | Member of Fatwa & Shariah Supervisory Board |
Mohammed Ali Elgari | 76 | 2018 | Member of Fatwa & Shariah Supervisory Board |
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review