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ENBD REIT (ENBDREIT)

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0.550 -0.000    0.00%
23/07 - Delayed Data. Currency in USD
Type:  Equity
ISIN:  AEDFXA1CN004 
  • Volume: 20,000
  • Bid/Ask: 0.000 / 0.000
  • Day's Range: 0.550 - 0.550
ENBD REIT 0.550 -0.000 0.00%

ENBD REIT Company Profile

 
Get an in-depth profile of ENBD REIT, including a general overview of the company's business and key management, as well as employee data and location and contact information.
IndustryResidential & Commercial REITs
SectorReal Estate
Employees

-

Equity Type

ORD

ENBD REIT (CEIC) PLC (“ENBD REIT”),the Shari'a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, announces its financial results for the third quarter ended 31 December 2024. ENBD REIT's Net Asset Value (“NAV”) stood at USD 216 million or USD 0.86 per share, compared to USD 202 million for the previous quarter and USD 191 million the previous year, a respective 6.9% Quarter-on-Quarter (Q-o-Q) and 13.1% Year-on-Year (Y-o-Y) increase. The financial performance continues to improve, driven by strategic leasing, prudent cost management and ecient operating processes. Notably, the office portfolio has shown strong momentum, benefiting from robust tenant demand. The reduction in financing cost has also supported performance this past quarter. The ongoing efforts to enhance asset performance and optimize the portfolio have driven a significant improvement in Funds From Operations (FFO), reinforcing its ability to sustain income growth. FFO surged 51% Y-o-Y to USD 8.4 million, supporting sustainable dividend payout expectation.

Contact Information

Address 8th floor, East Wing, The Gate Building Dubai International Financial Centre
PO Box 506578 Dubai,
United Arab Emirates
Phone 971 4 509 3010
Fax 971 4 370 0034

Top Executives

Name Age Since Title
Mohammed Ali Elgari 76 2018 Chairman of Fatwa & Shariah Supervisory Board
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