EZDAN (ERES) Q3 2026 earnings summary

Executive summary

• Nine-month profit rose to QR 643.9m from QR 587.5m; EPS increased to QR 0.024 from QR 0.022.

• Standalone Q3 profit was QR 201.9m versus QR 164.5m; rental income was QR 442.6m versus QR 449.5m.

Financial highlights

• Nine-month rental income increased 0.7% to QR 1,346.8m from QR 1,337.0m; other operating revenue declined to QR 58.3m from QR 60.6m.

• Operating profit rose 0.5% to QR 1,157.4m from QR 1,151.4m; operating expenses increased 0.6% to QR 247.7m.

• Finance costs fell 26.2% to QR 453.0m from QR 613.8m; other income rose 108.6% to QR 34.9m.

• Disposal gains declined 95.4% to QR 5.4m from QR 115.6m; the 2025 gain included QR 115.6m from an investment-property sale.

• At 30 September 2026, total assets were QR 45,957.9m, total equity QR 34,182.4m and cash and bank balances QR 1,038.5m.

Segment performance

• Residential and commercial rental revenue rose 1.04% to QR 1,153.3m; operating profit was QR 1,003.2m with an 85% margin.

• Mall rental revenue rose 9.29% to QR 64.1m; operating profit increased 9.8% to QR 57.9m, with a 71% margin versus 70%.

• Hotel and Suites rental revenue declined 5.51% to QR 129.4m; operating profit fell 8.0% to QR 96.2m, with a 66% margin versus 68%.

• Q3 residential occupancy improved to 91.4% from 88.9%; mall occupancy rose to 94% from 91%, while hotel occupancy fell to 80% from 83.5%.