Emirates REIT NAV at USD1.57/share in June, implying a P/NAV ratio of 0.72x
Emirates REIT (EREIT) has announced that its Net Asset Valuation (NAV) as of end of June 2016 has reached USD469mn (USD474.0mn in May). This is equivalent to USD1.5666/share (USD1.5821/share in May), after the distribution of USD0.04/share in June (pre-distribution NAV in June: USD1.6066/share). This translates into a P/NAV ratio of 0.72x, on the latest closing price. (Company disclosure) Emirates REIT (DU): USD1.13 as of 31 July 2016, Rating: Neutral, FV: USD1.24 per share, MCap: USD338mn, REIT DU / REIT.DI
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