Emirates REIT in profit after revaluation gain

Emirates REIT in profit after revaluation gain

Dubai’s Emirates REIT reported a 55 percent rise in annual profit after making a nine-figure revaluation gain on its property portfolio. A REIT – a real estate investment trust – is a company that owns income-producing assets related to real estate such as buildings, land and real estate securities.  Through REITs investors can have fractional […]

Profit up 55%

Portfolio value up $133m

$6m operating loss

Dubai’s Emirates REIT reported a 55 percent rise in annual profit after making a nine-figure revaluation gain on its property portfolio.

A REIT – a real estate investment trust – is a company that owns income-producing assets related to real estate such as buildings, land and real estate securities. 

Through REITs investors can have fractional ownership of major office buildings, shopping malls, hotels, apartment buildings and other forms of commercial real estate.

NewsletterGet the Best of AGBI delivered straight to your inbox every week

Emirates REIT owns 10 properties spanning commercial, retail and education facilities. It reported a profit of $127 million in 2023, up from $82 million a year earlier, its annual report shows.

The profit growth was a result of the trust recording a net gain of $133 million on its portfolio value, more than offsetting an annual operating loss of