Emirates REIT (EREIT) has announced its proposal to distribute a final dividend of USD0.04/share to its shareholders as of 6 June. The proposed dividend is subject to the shareholders’ approval, which will be sought on EREIT’s upcoming shareholders meeting, scheduled for 13 June. This brings the total dividend distribution for year to USD0.08/share, exactly in line with management guidance and our forecast, which implies a dividend yield of 6.9%.   EREIT has also announced that its Net Asset Valuation (NAV) as of end of April 2016 has reached USD472.7mn. This is equivalent to USD1.5775/share (USD1.5749/share in March), translating into a P/NAV ratio of 0.74x, on the latest closing price. (Company disclosure)   Emirates REIT (DU): USD1.16 as of 23 May 2016, Rating: Neutral, FV: USD1.24 per share, MCap: USD348 million, REIT DU / REIT.DI