Emirates REIT NAV at USD1.58/share in May, implying a P/NAV ratio of 0.73x
Emirates REIT (EREIT) has announced its Net Asset Valuation (NAV) as of end of May 2016 had reached USD474.0mn (USD472.7mn in April). This is equivalent to USD1.5821/share (USD1.5775/share in April), translating into a P/NAV ratio of 0.73x, on the latest closing price. (Company disclosure) Emirates REIT (DU): USD1.15 as of 26 June 2016, Rating: Neutral, FV: USD1.24 per share, MCap: USD345 million, REIT DU / REIT.DI
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