ENBD REIT
A UAE-based Real Estate Investment Trust
With its management in Dubai, ENBD REIT is a Shari'a compliant, real estate investment trust investing in income generating real estate, with a primary focus on the UAE. ENBD REIT's ordinary shares are traded on Nasdaq Dubai, under ticker symbol ENBD REIT.
About ENBD REIT
An attractive portfolio of high yielding assets
ENBD REIT's holdings are diversified across sectors, spanning office, residential and alternative asset classes.
Souq Extra Retail Centre
Gross Yield 10.4%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAI SILICON OASIS
As at 30th September 2023.
The Edge
Gross Yield 9.2%
Occupancy rate 100%
% of portfolio value 18%
Type Office
Location DUBAI INTERNET CITY
As at 30th September 2023.
South View School
Gross Yield 9.5%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAILAND
As at 30th September 2023.
Where are REIT's positioned in the investment spectrum?
In Nasdaq Dubai's recent series of films looking at the REIT asset class, Anthony Taylor - Head of Real Estate at Emirates NBD Asset Management - discusses where a REIT sits on the investment spectrum, and the opportunities they present to investors.
Good quality properties
with high occupancy rates
ENBD REIT's principal investment objective is to generate income returns, complimented by capital appreciation from real estate assets. Before re-domiciling to the DIFC, Emirates Real Estate Fund, the predecessor to ENBD REIT, had since inception in 2005 provided investors with a regular and stable source of income by way of annual dividends (with limited exceptions) and long-term capital appreciation in net asset value per share.
No. of properties
11
Occupancy
92%
Office
67%
Residential
16%
Alternative
17%
NAV**
USD 189**
NAV per share
USD 0.76**
WAULT
3.97 yrs
Office: 2.34 yrs
Residential: 0.60 yrs
Alternative: 13.51 yrs
Loan-to-Value*
51%
Property Portfolio Value
USD 379m
* Loan-to-value on GAV
** NAV stated cum-dividend
As at 30th September 2023
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