Emirates REIT (CEIC) PLC

Emirates REIT (CEIC) PLC

NNDXB:REIT
0.75
USD
+0.00
(-0.66%)
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Capital Structure

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Working Capital

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Growth Rates

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Semi-annual Revenue

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Semi-annual Earnings Per Share

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Semi-annual Dividends Per Share

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Company Description

CEO
Thierry Raymond Delvaux
Sector
Finance
Industry
Real estate investment trusts
Address
Dubai United Arab Emirates
IPO Date
Apr 8, 2014
Website
reit.ae
Business
Emirates REIT (CEIC) PLC is a Dubai-based, Shari'a-compliant real estate investment trust specializing in the acquisition, management, leasing, and optimization of income-generating commercial, educational, and mixed-use properties in the United Arab Emirates. Managed by Equitativa (Dubai) Limited, the company operates across three core business segments: Commercial Offices, Educational Assets, and Retail Properties. Its property portfolio includes high-profile institutional assets such as Index Tower in the Dubai International Financial Centre; Office Park in Dubai Knowledge Park; Loft Offices 1, 2, and 3 in Dubai Media City; Building 24 in Dubai Internet City; the European Business Centre in Dubai Investments Park; Lycée Français Jean Mermoz campus in Al Quoz; the Durham School Dubai campus in Dubai Investments Park; the GEMS World Academy campus in Al Barsha South; and the Trident Grand Mall in Dubai Marina. Emirates REIT provides a comprehensive range of property solutions comprising Grade A commercial office leasing; long-term institutional education facility leasing under net-lease structures; prime retail and food-and-beverage space leasing; tenant fit-out coordination and property management services; facility operations and infrastructure maintenance; and Shari'a-compliant real estate investment and capital management. Founded in 2010 and headquartered in the Dubai International Financial Centre (DIFC), Dubai, United Arab Emirates, the company is publicly traded on Nasdaq Dubai under the ticker symbol REIT. In recent developments, Emirates REIT has executed significant capital management and operational initiatives, including the successful refinancing and restructuring of its Islamic trust certificates (Sukuk) to optimize its debt maturity profile, reduce financing costs, and enhance liquidity. Furthermore, the company has advanced portfolio performance through major asset enhancement programs across Index Tower and the European Business Centre, restructured key long-term educational leases, and secured expanded tenancy agreements that have driven portfolio-wide occupancy rates, rental rate growth, and net property income.