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FINANCIAL NEWS
Emirates Reit reports net profit rise to USD35.11m in H1
18 Aug 2015
(MENAFN) Emirates Reit announced that its net profit increased by 2.8 percent to USD35.11 million for the first half of the current year compared to the same period last year.
The UAE’s first regulated Sharia compliant real estate investment trust said that net property income rose 6.4 percent to USD45 million, while total assets increased by 5.3 percent to USD626 million.
“The Reit’s strategy of active portfolio management and the acquisition of properties with upside potential enables it to consistently deliver a healthy total return,” executive deputy chairman said.
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