Hezbollah blamed Israel for the explosion of thousands of its operatives' pagers and radios in attacks that spanned two days this week
Its total portfolio value was $742 million for the nine-month period ending September 30, 2016 - a year-on-year increase of 13 per cent. Its property income for the nine months increased 22 per cent to $36.3 million.
The net asset value increased to $1.60 per share. As a result of the strong underlying performance in the first nine months of 2016, cash profit increased to $7.8 million (year-on-year increase of 33 per cent).
In the third quarter of 2016, rental income increased 19.7 per cent to $11.4 million. As at September 30, 2016, the total occupancy rate across its portfolio was 80 per cent.
Total assets reached $773 million with a market capitalisation of $333 million.
Sylvain Vieujot, CEO of Emirates REIT Management, said: "Emirates REIT continues to record strong growth in cash flow, which should persist as occupancy increases and the portfolio grows."
- business@khaleejtimes.com
Hezbollah blamed Israel for the explosion of thousands of its operatives' pagers and radios in attacks that spanned two days this week
Customers can now receive up to 80 per cent of their iPhone’s value back on their next upgrade
Physioveda is equipped with state-of-the-art technology and therapeutic equipment, offering advanced physiotherapy solutions
The Collective brings a fresh take on modern silhouettes and eclectic designs
Workers have been demanding higher wages and recognition of a union at the plant near Chennai, which contributes roughly a third of Samsung's annual India revenue of $12 billion
A spokesperson for Brussels Airlines said it would need to cancel 80% of its 203 flights scheduled for the day
In a statement, the court said that while the right to life will be protected under the island's constitution, "such protection is not absolute"
The high-end London department store issued an apology, saying it has been its priority to settle victims' claims