Page 1

Emirates REIT Managed by Equitativa ( Dubai ) Limited Q1 2026 Reuters : REIT.DI • Bloomberg : REIT.DU Unless otherwise stated , all information as at 31 March 2026 IN BRIEF ( YoY ) KEY HIGHLIGHTS Investment properties ( 1 ) + 6.5 % USD 1,201m . AED 4.4bn • • Occupancy rose to 96 % , from 95 % in Q1 2025 . Net Asset Value + 8.7 % USD 931m . AED 3.4bn • Year - on - year growth of 10 % in Total Property Income to USD 21.2m ( Q1 2025 : USD 19.2m ) , thanks to the continued improvement in rental rates . Increase of 16 % of the Net Property Income to USD 19m compared to the USD 16.4m in Q1 2025 . Net Asset Value per share + 8.7 % • Increase of 90 % of the Operating Profit to USD 13m , from USD 6.8m in Q1 2025 . • Funds from Operations of USD 7.3m , up 6.7x from USD 1.1m in Q1 2025 . USD 2.92 • Net Lettable Area 168,055 sq.m. 1.8m sq . ft . Occupancy 96 % +1.2 p.p. • Further reduction of the Financing to Value ( LTV ) 2 to 19 % , down from 21 % in Q1 2025 . ( 2 ) . Net Asset Value increased by 8.7 % year - on - year to USD 931m or USD 2.92 per share , setting a new historic record . • In addition to USD 20.5m paid for FY2025 , the REIT intends to move to quarterly dividend distributions , starting with USD 7m in September 2026 , subject to relevant approvals . Annualized rent DIVESTMENTS Lycée Français Jean Mermoz 10 European Business Center Durham School 8 Jebel Ali School 7 Trident Mall Index Tower GEMS World Academy Office Park Loft Offices 2 Indigo Building Building 24 2012 2014 2016 2018 2020 2022 Lycée Français Jean Mermoz 300M AED / y 2024 280M AED / y European Business Center Durham School 260M AED / y 240M AED / y 220M AED / y 200M AED / y 180M AED / y Index Tower 160M AED / y 140M AED / y 120M AED / y 100M AED / y BOM AED / Y 60M AED / y GEMS World Academy 40M AED / Y Loft Offices Indigo Building 20M AED / y Building 24 DM AED / Y 2025 2026 Q1 ( 1 ) Investment properties : Reclassified long - term land lease ROUAs to investment properties ( IAS 40 ) and changed measurement to fair value . Comparatives have been reclassified to conform to the current presentation adopted . ( 2 ) Total Assets / Equity : Reclassified share component of Liquidity Provider balances from current assets to equity ( other reserves ) after reassessing contractual substance ( IAS 1 ) . Comparatives have been reclassified to ensure consistency with the current presentation with no impact on profit or loss . Disclaimer : Due to rounding , numbers presented throughout this factsheet may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures . The summary financial information presented is extracted from the quarterly financial information . Forward - looking statements are based on current expectations and are not guarantees of future performance or results . This document is only for ease of use .