ENBD REIT CEIC : September 2023

Quarterly Factsheet

ENBD REIT (CEIC) PLC

As at 30th September 2023

PORTFOLIO SNAPSHOT	PERFORMANCE HIGHLIGHTS
PROPERTIES
11	YTD NET RENTAL INCOME	NET ASSET VALUE	OCCUPANCY
PROPERTY PORTFOLIO VALUE	USD 3.6M	USD 189M	92%
USD 379M	SHARE PRICE	NAV PER SHARE	LTV
TICKER	USD 0.39	USD 0.76	51%
ENBDREIT	UNEXPIRED LEASE TERM	DIVIDEND % ON SHARE PRICE (ANNUALISED)
TOTAL NUMBER OF SHARES	3.97 YEARS	7.18%
250,000,000

OCCUPANCY ACROSS THE PORTFOLIO

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

WEIGHTING

BY VALUE

The Edge

Al Thuraya 1

Burj Daman

DHCC 49

DHCC 25

Binghatti Terraces

Arabian Oryx House

Remraam Residential

Uninest

Souq Extra

South View School

100%

64%

100%

90%

90%

98%

99%

99%

100%

100%

100%

OFFICES

67%

RESIDENTIAL

16%

ALTERNATIVE

17%

E311

	E11
AL THURAYA
TOWER 1	E311
	BURJ DAMAN
THE EDGE	E611

E66

E611

DHCC 49

DHCC 25

E44

E611

E77

ARABIAN	E611			SOUQ EXTRA	BINGHATTI
SOUTH VIEW	REMRAAM	UNINEST
ORYX HOUSE	SCHOOL	RETAIL CENTRE	TERRACES

www.enbdreit.com

RENTAL INCOME OVERVIEW

Gross Rental Income

19%	17%	15%	7%	6%	7%	7%	4%	4%	7%	5%

• The Edge
• Al Thuraya 1
• Burj Daman
• DHCC 49
• DHCC 25
• Binghatti Terraces
• Arabian Oryx House
• Remraam Residential
• Uninest
• Souq Extra
• South View School

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

FINANCIAL HIGHLIGHTS (APR-SEP)

		Gross	Expenses	Net Rental	Unrealised	Cashflow	Net
		Income*		Income/FFO	Valuation	Hedge	Gain/(Loss)
	20,000,000				Gain/(Loss)
	16,831,022 15,049,778
	15,000,000					14,363,980
	10,000,000				7,699,426		10,311,624
	5,000,000			5,495,757	5,451,104
USD		3,581,222		3,083,332
0
					(635,237)
	(5,000,000)
	(10,000,000)		(9,554,021)
	(15,000,000)	(13,249,800)
	(20,000,000)

					Apr-Sep 2023			Apr-Sep 2022
*Includes gross rental income and profit on Islamic deposits
TOTAL EXPENSES (APR-SEP)
20%	26%		USD	2023	2022	Variance
		Apr to Sep	AprtoSep	%
				Operating expenses	(3,460,133)	(3,040,392)	(13.8)
				Finance cost	(7,182,882)	(4,063,526)	(76.8)
				Fund expenses	(2,606,785)	(2,450,103)	(6.4)
	54%		Total expenses	(13,249,800)	(9,554,021)	(38.7)

The information, estimates and opinions ("Information") expressed herein are made in good faith and are based on sources believed to be reliable, but no representation or warranty, express or implied, is made as to the accuracy, completeness or correctness of the Information. The Information is not intended to serve as investment advice and should not be used as a substitute for independent judgement and advice. This Information has been obtained from or is based upon sources believed to be reliable, and is believed to be fair and not misleading. The Information contained in this presentation is subject to change without notice. None of ENBD REIT (CEIC) PLC ("ENBD REIT" or the "Fund"), Emirates NBD Asset Management Limited ("Emirates NBD AM"), Emirates NBD Group nor any of their respective directors, employees or agents (the "ENBD Parties") give any representation or warranty as to the reliability, accuracy or completeness of the Information, nor, to the extent permitted by relevant laws and regulations, do they accept any responsibility or liability arising in any way (including by negligence) for errors in, or omissions from, the Information. None of the ENBD Parties give any undertaking to provide additional information to update this material, or to correct any inaccuracies which may become apparent. This document is provided for informational and illustrative purposes only. It does not constitute a solicitation, recommendation or offer to buy or sell any shares or other securities of the Fund, any specific investment product or to subscribe to any specific investment management or advisory service. Prospective investors in ENBD REIT should obtain and carefully read the Fund's most recent prospectus and supplement, if any, as well as seek separate, independent financial advice prior to making an investment in ENBD REIT in order to fully assess the suitability, lawfulness and risks involved. This presentation is not for distribution to the general public but for intended recipients only and may not be published, circulated, reproduced or distributed in whole or part to any other person without the written consent of Emirates NBD AM. This presentation is directed to persons authorised to invest in ENBD REIT and residing in jurisdictions where the Fund is authorised for distribution or where no such authorisation is required. Investment in ENBD REIT is intended only for investors who understand the risks involved in investing in the Fund and can withstand any potential loss therefrom. Neither ENBD REIT's historical performance nor that of its predecessor fund, Emirates Real Estate Fund Limited, is indicative of the future performance of the Fund and should not be used as a proxy for the future or likely performance of the Fund. The value of the investment in and the income from ENBD REIT can fall as well as rise as the Fund is subject to investment risks, including the possible loss of the whole of the principal amount invested. The Information does not have any regard to the specific investment objectives, financial situation or the particular needs of any person. All Shari'a compliant products and services are approved by the Shari'a Supervisory Board of Emirates NBD AM. This Information has been prepared by Emirates NBD AM for ENBD REIT. Emirates NBD AM and ENBD REIT are regulated by the Dubai Financial Services Authority.

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www.enbdreit.com