Dubai – Mubasher: Emirates REIT saw a 4% rise year-on-year in the third quarter of 2016, according to a bourse filing.
Net profits reached $11.4 million (AED 41.87 million) in Q3-16, compared to $10.93 million (AED 40.14 million) in Q3-15.
Income from real estate investment grew 10% to $741.58 million in Q3-16, compared to $773.17 million in Q3-15.
Net profits fell 24% to $35.13 million in the first nine months of 2016, compared to $48.08 million in the same period of 2015.
In the first nine months of 2016, income from real estate investment declined 13% to $52.67 million from $60.67 million in the same period of 2015.
