Emirates REIT posted profits of $61.5 million (AED 225.9 million) in the fiscal year 2015, a growth of 26.6% from $46.60 million (AED 171.2 million) in the fiscal year 2014, according to the company’s preliminary results on Wednesday.
In the first nine months of 2015, REIT’s profits amounted to $46 million.
Total assets increased 24.8% to $741.3 million (AED 2.72 billion) in FY15, compared to $594.1 million (AED 2.18 billion) in FY14.
In mid-January, the shareholders agreed to distribute interim dividend of $0.04 per share for FY15, totalling $11.98 million (AED 44 million).
