Emirates REIT (EREIT) has announced its intention to distribute USD0.04/share (USD11.98mn in total) in interim cash dividend for 2016 net profits. Eligible shareholders are those registered at the market close as of 16 January, to be payable on or before 31 January. EREIT has also reiterated its intention to continue to distribute dividends twice a year. The announced interim dividend alone implies a dividend yield of 3.5%. We expect USD0.08/share for the full year, unchanged Y-o-Y and in line with management’s guidance, implying another dividend distribution of USD0.04/share in a final dividend. This would imply a dividend yield of 7.0%. (Company disclosure, Mai Attia, Sara Boutros)   Emirates REIT (DU): USD1.15 as of 14 December 2016, Rating: Neutral, TP: USD1.24 per share, MCap: USD343mn, REIT DU / REIT.