ENBD REIT (CEIC) PLC
NNDXB:ENBDREIT0.46
USD
0.00
(0.00%)
ISIN
AEDFXA1CN004
Return %
Stock
S&P 500
1Y
1.09
14.39
3Y
18.46
81.42
5Y
5.00
68.62
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
FRC
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Dubai United Arab Emirates
- IPO Date
- Mar 23, 2017
- Website
- enbdreit.com
- Similar Companies
- Business
- ENBD REIT (CEIC) PLC is a United Arab Emirates-based closed-ended real estate investment trust managed by Emirates NBD Asset Management Limited, a subsidiary of Emirates NBD Bank PJSC. Founded in 2016 as the successor vehicle to the Emirates Real Estate Fund established in 2005 and headquartered in the Dubai International Financial Centre, Dubai, United Arab Emirates, the trust is listed on Nasdaq Dubai under the ticker ENBDREIT and is regulated by the Dubai Financial Services Authority. The trust specializes in acquiring, holding, and managing a diversified portfolio of income-producing, Shari'a-compliant real estate properties located across key commercial and residential hubs within the United Arab Emirates, with the primary objective of generating regular rental income distributions and achieving long-term capital appreciation for institutional and retail investors. The company categorizes its real estate holdings and revenue-generating activities across three primary business segments: Commercial Office, Residential, and Alternative Real Estate. In the Commercial Office segment, the trust owns, leases, and manages prime corporate properties, including commercial office floors within Burj Daman in the Dubai International Financial Centre; The Edge, a prime multi-tenanted commercial office building situated in Dubai Internet City; Al Thuraya Tower 1 in Dubai Media City; and specialized commercial and clinical facilities including Dubai Healthcare City 49 and Dubai Healthcare City 25. In the Residential segment, the trust offers residential leasing through multi-family real estate assets, including the Arabian Oryx House residential building located in Barsha Heights and residential units in Binghatti Terraces within Dubai Silicon Oasis. In the Alternative Real Estate segment, the company invests in purpose-built community and educational infrastructure, encompassing K-12 educational real estate assets including South View School in the Remraam community; purpose-built student accommodation facilities including the Uninest student residence in Dubailand; and community retail centers including the Souq Extra Retail Centre in Dubai Silicon Oasis. Across all portfolio assets, the trust provides integrated asset management services, including tenant relationship management; long-term and short-term lease origination; facilities maintenance and building administration; space upgrades and fit-out renovations; and property marketing and occupancy optimization. In recent developments, ENBD REIT has implemented a comprehensive turnaround and portfolio optimization program aimed at divesting lower-yielding assets to redeploy capital into high-growth property sectors and reduce balance sheet leverage. As part of this strategic asset reallocation, the trust completed the divestment of its residential holdings in the Remraam community at a premium to fair market valuation. The company has also advanced extensive capital expenditure and refurbishment initiatives across its key commercial assets, including modernizations at Al Thuraya Tower 1, supporting a total portfolio occupancy rate of approximately 95 to 96 percent. In addition, the REIT has proactively optimized its debt capital structure to maintain a disciplined loan-to-value ratio within the low-40 percent range while benefiting from recurring net asset value growth driven by prime office revaluations. Through these active management actions, the trust continues to support steady operational cash flow generation and maintain semi-annual dividend distributions to shareholders.