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Last 8.20 AED
Change Today +0.08 / 0.99%
Volume 12.7M
As of 6:00 AM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

emaar properties pjsc (EMAAR) Snapshot

Open
8.15
Previous Close
8.12
Day High
8.21
Day Low
8.13
52 Week High
09/1/14 - 10.58
52 Week Low
12/17/14 - 5.90
Market Cap
58.7B
Average Volume 10 Days
9.4M
EPS TTM
0.49
Shares Outstanding
7.2B
EX-Date
04/23/15
P/E TM
16.7x
Dividend
0.15
Dividend Yield
17.16%
Current Stock Chart for EMAAR PROPERTIES PJSC (EMAAR)

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emaar properties pjsc (EMAAR) Details

Emaar Properties PJSC, together with its subsidiaries, engages in the property investment and development business. It operates in three segments: Real Estate, Leasing and Related Activities, and Hospitality. The company develops and sells condominiums, villas, commercial units, and plots of land. It also develops, leases, and manages malls, as well as retail, commercial, and residential spaces. In addition, the company develops, owns, and manages hotels, resorts, services apartments, golf resorts, and leisure activities. Further, it offers property management and utility services, as well as invests in the providers of financial services; and ICT and business IT support services. It has operations in the United States, Turkey, Egypt, Morocco, India, Pakistan, Lebanon, Kingdom of Saudi Arabia, the United Kingdom, Syria, and Italy. Emaar Properties PJSC was founded in 1997 and is based in Dubai, the United Arab Emirates.

Founded in 1997

emaar properties pjsc (EMAAR) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

emaar properties pjsc (EMAAR) Key Developments

Emaar Properties To List Emaar Misr for Development

Emaar Properties PJSC (DFM:EMAAR) is planning to list 13% stake in Emaar Misr for Development S.A.E. on Cairo's stock exchange. Emaar Properties will retain remaining 87% stake. The share sale will comprise of a public offering to retail investors in Egypt, plus a private placement to local and international institutions, according to a filing to the Dubai Financial Market. Emaar did not state when the initial public offering would be launched. Emaar Misr plans to use the net proceeds, together with its existing cash resources, principally to further the development of the non-residential areas of its projects under development, including primarily Emaar Square in Uptown Cairo project, the planned international marina and hotels in Marassi project, and Downtown area in Mivida project (comprising both retail and office space). Emaar Misr also intends to use a part of the net proceeds to fund pre-launch expenditures and costs in relation to the development of Cairo Gate, as well as selectively growing its land bank through the potential acquisition of select land plots that match the investment criteria of Emaar Misr. Emaar Misr is in process of finalising the required corporate approvals, and subsequently, will seek the regulatory approvals from Egyptian regulators and the admission of shares to listing and trading on the EGX.

Emaar Properties Announces Group Earnings Results for the First Quarter Ended March 2015

Emaar Properties announced group earnings results for the first quarter ended March 2015. The company recorded a net profit of AED 1.026 billion (USD 279 million) during the first three months of 2015. This is 7% higher than the net profit of AED 957 million (USD 261 million) in first-quarter of 2014 calculated as per revised accounting policy for revenue recognition. The profitability increase in the first quarter 2015 would have been 14% if the Malls listing at the end of 2014 is not considered. Revenue for first quarter 2015 reached AED 3.013 billion (USD 820 million), which is 26% higher than first quarter of 2014 revenue of AED 2.392 billion (USD 651 million). The sustained growth in net profit and revenue is supported by the increase in recurring revenues from the group’s shopping malls, retail and hospitality businesses, which together stood at AED 1.523 billion (USD 415 million) in first quarter of 2015, 13% higher than first quarter 2014 figures of AED 1.346 billion (USD 366 million).

Emaar Properties PJSC Announces Earnings Results for the First Quarter Ended March 2015

Emaar Properties PJSC announced earnings results for the first quarter ended March 2015. For the quarter, the company reported net profit of AED 433 million ($118 million) during the first quarter (January to March) of 2015. This is 32% higher than first quarter of 2014 net profit of AED 329 million ($90 million). The revenue during first quarter of 2015 across all its mall and retail assets is AED 735 million ($200 million), 21% higher than first quarter of 2014 revenue of AED 605 million ($165 million).

 

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Industry Analysis

EMAAR

Industry Average

Valuation EMAAR Industry Range
Price/Earnings 16.7x
Price/Sales 5.5x
Price/Book 1.6x
Price/Cash Flow 17.0x
TEV/Sales 2.5x
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