The net property income closed at US$ 52mn
Equitativa’s asset management team continued to deliver steady operating performance across the Emirates REIT (Real Estate Investment Trust) portfolio, with occupancy increasing to 94% as of 30 September 2025.
The improvement reflects sustained tenant demand across the portfolio, and the continued focus on proactive asset and lease management.
The net property income closed at US$ 52mn, remaining broadly stable year-on-year, despite the disposal of investment properties in 2024, and underlining the resilience of the portfolio’s income generation.
Finance
Emirates REIT maintained its conservative capital structure during the period, with the Finance-to-Value reduced to 20%, compared to 36% a year earlier. This reduction reflects proactive deleveraging and disciplined balance sheet management.
Combined with refinancing initiatives and a reduced debt profile, net finance costs decreased by 57% year-on-year to USD 17mn, supporting the improvement in Funds from Operations to US$ 14mn for the period.
Revaluation gains of US$ 171mn were recorded during the period.
“Emirates REIT’s continued strong performance underscores the resilience of our portfolio and the disciplined execution of our strategy. We have delivered higher property income while materially reducing finance costs, with Net Asset Value reaching a record US$ 886mn,” explained Thierry Delvaux, CEO, Equitativa Dubai.
