Emirates REIT NAV at USD1.57/share in January, implying a P/NAV ratio of 0.79x
Emirates REIT (EREIT) has announced that its Net Asset Valuation (NAV) as of the end of January 2016 has reached USD458.5 million. This is equivalent to USD1.5701/share, roughly unchanged M-o-M, translating into a P/NAV ratio of 0.79x, on the latest closing price. (Company disclosure) Emirates REIT (DU): USD1.20 as of 29 February 2016, Rating: Neutral, FV: USD1.24 per share, MCap: USD360 million, REIT DU / REIT.DI
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