Emirates REIT Posts Strong 2025 Performance with Higher Income, Lower Finance Costs

Friday, 2 January 2026

Emirates REIT has delivered a robust operating and financial performance in 2025, reporting higher property income, improved occupancy, reduced leverage, and a record net asset value, reflecting disciplined asset management and strong tenant demand.

Key Highlights:

Total property income rose 22% year-on-year on a like-for-like basis to $60 million for the first three quarters of 2025
Portfolio occupancy increased to 94%, up from 92% a year earlier
Finance-to-Value (LTV) reduced significantly to 20%, from 36% in Q3 2024
Net finance costs declined 57% year-on-year to $17 million, supported by refinancing and deleveraging
Funds From Operations (FFO) improved to $14 million, reflecting stronger operational cash flow
Net property income remained resilient at $52 million, despite asset disposals in 2024
Revaluation gains of $171 million lifted total asset value to $1.22 billion
Net Asset Value reached a record high of $886 million, up 37% year-on-year
NAV per share increased to $2.78, compared to $2.03 in Q3 2024