Emirates REIT (REIT) Q3 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2025 TU earnings summary
29 Dec, 2025Executive summary
Total property income rose 22% year-over-year on a like-for-like basis, reaching USD 60m.
Occupancy increased to 94% from 92% in Q3 2024.
Financial highlights
Net unrealized revaluation gains of USD 171m contributed to a total asset value of USD 1.22b, up from USD 1.17b in Q3 2024.
Net Asset Value increased 37% year-over-year to USD 886m (USD 2.78 per share), compared to USD 648m (USD 2.03 per share) in Q3 2024.
Funds from Operations (FFO) reached USD 14m, up from USD -0.5m in Q3 2024, which included divested properties.
Key financial ratios and metrics
Financing to Asset Value (FTV) reduced by 16% to 20%, down from 36% in Q3 2024.
Net finance costs decreased by 57% to USD 17m, compared to USD 40m in Q3 2024.
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