Dubai - 10 January 2018:
Highlights
Interim dividend announced of USD 11.98 million or USD 0.04 per share
representing annualised dividend yield of 7.7%
NAV was at USD 1.7425 per share at 30 November 2017
USD 400 million 5-year Sukuk closed on 12 December 2017
Following the Sukuk issuance all previous outstanding debt has been fully repaid
Interim Dividend PaymentofUSD 0.04pershare
Emirates REIT (CEIC) Limited ("Emirates REIT" or the "REIT"), the world's largest Shari'a compliant Real Estate
Investment Trust, today announced its intention to pay an interim dividend in relation to the six month period ended 30 June 2017 of USD 11.98 million or USD 0.04 per ordinary share.
To be entitled to receive the dividend, shareholders must own the shares and be on the register at market close on 22 January 2018.
Based on the REIT's market closing price of USD 1.042 per share on Tuesday 9 January 2018, this represents an annualized dividend yield of 7.7%.
The interim dividend, to be paid on or before 31 January 2018, is the first dividend payment relating to the financial year 2017 (FY2017). Emirates REIT intends to continue to distribute dividends to its shareholders twice a year.
Netassetvalueasat30November2017
The Net Asset Value has increased to USD 1.7425 per share.
The total Net Asset Value stands at USD 522 million (AED 1.9 billion).
The Portfolio Value increased to USD 848 million (AED 3.1 billion).
Emirates REIT would also like to take this opportunity to inform its shareholders that following the successful launch and listing of the Sukuk, all previously outstanding debt financing was successfully repaid and the REIT currently has no debt other than the Sukuk proceeds.
- Ends -For further information, please refer to our websitewww.reit.ae, or contact:
Emirates REIT | Brunswick |
Magali Mouquet | Rupert Young / Joudi Issa |
+971 4 405 7348 | +971 4 446 6270 |
ir@reit.ae | media@reit.ae |
AboutEmiratesREIT
Emirates REIT, (NASDAQ Dubai: REIT; ISIN: AEDFXA1XE5D7), the world's largest Shari'a compliant Real Estate Investment Trust, is a Dubai-based real estate investment trust established to invest in principally income-producing real estate in line with Shari'a principles. It currently owns freehold or leasehold properties comprising commercial, retail and education assets. Emirates REIT benefits from an exclusive Ruler's Decree's permitting it to purchase properties in onshore Dubai and Ras Al Khaimah.
TheREITPortfolio
Emirates REIT invested in education, commercial mix and retail sectors. The portfolio consists of ten properties:
Education
GEMS World Academy Dubai is an education facility located in Al Barsha South Jebel Ali School is an education facility located in Akoya by Damac, Sport City
British Columbia Canadian School is an education facility located in Dubai Investments Park
Commercial(including offices+retail+terraces+storage)
Index Tower is a mixed-use property located in the DIFC. The REIT's assets in Index Tower consists of the entire retail area located over ground, podium and sky lobby levels, 17 floors of office space and 1426 car parks. Office Park is a commercial building located in Knowledge Village within Dubai Internet City.
Loft Offices (Loft 1, Loft 2 and Loft 3) are a cluster of three low-rise commercial buildings located in Dubai Media City.
European Business Centre, a commercial building comprising over 100 tenants, in Dubai Investments Park. Building 24 is a low-rise building featuring commercial office and retail space located in Dubai Internet City - a well-established commercial district in Dubai
Indigo 7 is a low-rise building located on Sheikh Zayed Road.
Retail
Trident Mall in Dubai Marina, consisting of 22 individual retail and F&B outlets.
Emirates REIT CEIC Ltd. published this content on 10 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 January 2018 14:59:07 UTC.
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