ENBD REIT announces Q3 NAV of USD 168 million (USD 0.67 per share)

ENBD REIT announces Q3 NAV of USD 168 million (USD 0.67 per share)

 

 

ENBD REIT(CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its Net Asset Value (“NAV”) as at 31 December 2021. ENBD REIT’s NAV stood at USD 168 million (USD 0.67 per share), as compared to USD 164 million in September 2021 and USD 184 million in December 2020, indicating early signs of value stabilisation. ENBD REIT property portfolio value stands at USD 357 million, an increase of 3% compared to the previous quarter. This positive movement is largely due to a revised valuation methodology across the portfolio in line with regulations.