ENBD Reit NAV remains consistent

ENBD Reit (CEIC) Limited (ENBD Reit), a Shariah-compliant real estate investment trust managed by Emirates NBD Asset Management Limited (Fund Manager), has released the first net asset value post listing on March 23, 2017. The first NAV since listing, which has remained stable due to strong rental income being off-set by the listing costs, and now stands at $297 million (Dh1.09 billion) and $1.17 per share. The Property Portfolio Value now stands at $315 million (Dh1.16 billion).