{"id":107478,"date":"2025-09-15T00:00:00","date_gmt":"2025-09-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/enbd-reit-books-usd-18-2-mn-net-income-in-1q-fy-2025-26-while-net-asset-value-is-up-18-8\/"},"modified":"2025-09-15T00:00:00","modified_gmt":"2025-09-15T00:00:00","slug":"enbd-reit-books-usd-18-2-mn-net-income-in-1q-fy-2025-26-while-net-asset-value-is-up-18-8","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/15\/enbd-reit-books-usd-18-2-mn-net-income-in-1q-fy-2025-26-while-net-asset-value-is-up-18-8\/","title":{"rendered":"ENBD REIT books USD 18.2 mn net income in 1Q FY 2025-26, while net asset value is up 18.8%"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Emirates NBD\u2019s real estate investment trust (ENBD REIT) booked <\/strong><strong>USD 18.<\/strong><strong>2 mn in <\/strong><strong>net income <\/strong><strong>in 1Q FY 2025-26<\/strong>, driven by USD 15 mn in unrealized valuation gains, according to its <a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/trading\/disclosures\/3a395775-7ac4-46c9-b395-d96afa62fc9f\" style=\"\" rel=\"noopener\">earnings release<\/a>. Funds from operations rose 13% q-o-q to USD 3.2 mn on the back of lower reinstatement costs, disciplined expense management, and steady rental income.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The property portfolio\u2019s total value climbed 10% y-o-y to USD 411 mn<\/strong><span style=\"background-color: transparent;\">, with much of the uplift attributed to prime office holdings including Burj Daman in Dubai International Financial Center. Net asset value increased 8.2% q-o-q and 18.8% y-o-y to USD 236.6 mn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Occupancy remained at a record 95%<\/strong>, supported by long-term leases, while the weighted average unexpired lease term stood at 3.3 years. The shariah-compliant trust, managed by Emirates NBD Asset Management, now owns 10 properties split across office (71%), residential (13%), and alternative assets (16%) such as student housing and schools.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio\u2019s value rose 10% y-o-y to USD 411 mn, supported by record 95% occupancy<\/p>\n","protected":false},"author":1,"featured_media":107479,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[260,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-emirates-nbd","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"3af53d2f-92ba-4610-be0d-f9702640929e","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/899.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirates NBD\u2019s REIT net income hits USD 18.2 mn in 1Q FY 2025-26 on valuation gains","related_issue":[107468],"teaser":"The portfolio\u2019s value rose 10% y-o-y to USD 411 mn, supported by record 95% occupancy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.100d6fd3-1377-47aa-931a-ea3e16a3c55c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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