Last 4.12 AED
Change Today +0.10 / 2.49%
Volume 36.8M
ALDAR On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

aldar properties pjsc (ALDAR) Snapshot

Open
4.04
Previous Close
4.02
Day High
4.12
Day Low
4.04
52 Week High
04/22/14 - 4.84
52 Week Low
11/28/13 - 2.37
Market Cap
32.4B
Average Volume 10 Days
24.1M
EPS TTM
0.24
Shares Outstanding
7.9B
EX-Date
04/3/14
P/E TM
17.4x
Dividend
0.07
Dividend Yield
1.70%
Current Stock Chart for ALDAR PROPERTIES PJSC (ALDAR)

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aldar properties pjsc (ALDAR) Details

Aldar Properties PJSC is engaged in the investment, development, construction, management, and sale of real estate properties in the Middle East and north Africa. Its real estate properties comprise offices, malls, hotels, schools, marinas, and golf courses. The company also supervisees, manages, and operates theme parks; manages yachts and marine sport facilities; develops gate towers; and manages, rents, and leases real estate properties. In addition, it is involved in the engineering and general construction works. As of February 12, 2014, it had a land bank of approximately 77 million square meters primarily consisting of special investment zones. It also operated 9 hotels with approximately 2,500 rooms. The company is headquartered in Abu Dhabi, the United Arab Emirates.

aldar properties pjsc (ALDAR) Top Compensated Officers

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aldar properties pjsc (ALDAR) Key Developments

Aldar Properties PJSC Announces Revenue Results for the First Half of 2014

Aldar Properties PJSC announced revenue results for the first half of 2014. The company said that average occupancy rates within its hotel portfolio stood at 82% during the end of the second quarter of 2014 compared to 78% in 2013. The company's revenues for the first half of 2014 reached USD 77.03 million, up 13.1% from the same period last year. Aldar said that the improved performance reflected a "substantial increase" in leisure and corporate visitors to Abu Dhabi, particularly to Yas Island. The company added that FB revenues across the portfolio - 35 units in total - were up 11.4% in the first six months of 2014 compared to the same period last year.

Aldar Leases 2,120 Units to Corporate Clients

Aldar Properties has seen a strong wave of demand for long-term, bulk lease deals from corporate clients, with 2,120 units signed for lease for a period ranging from two to 30 years. Aldar confirmed that local and international companies have signed bulk leases at Al Rayyana, The Gates Towers, The Arc, Sun and Sky Towers, and Al Murjan Tower over the last year. These include key government entities from the education, defence, and health care sectors.

Aldar Properties Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Aldar Properties reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced a net profit of AED 506 million for the second quarter of 2014, an increase of 12% from first quarter of 2014 and an increase of 168% from second quarter of 2013 after adjusting for one time effects booked at the time of the merger with Sorouh. Revenues were AED 2,194 million up 74% from second quarter of 2013. The net profit for the second quarter was primarily driven by the continued handovers of units at the Gate Towers and strong growth in residential leasing revenues on the back of a successful leasing campaign principally at the Al Rayyana development. Recurring revenues in the second quarter totaled AED 526 million an increase of 45% from second quarter of 2013. This was driven by higher revenues across Investment Property portfolio in particular faster than expected lease up at Al Rayyana development. The company has reduced its gross debt from AED 14.2 billion to AED 10.0 billion, including a AED 1.0 billion reduction in gross debt this quarter, and continues to maintain a strong cash position of AED 3.9 billion of cash at the end of the quarter. Basic and diluted earnings per share were AED 0.064 against AED 0.234 for the same period last year. For the six months, the company reported revenue was AED 3,913.4 million against AED 2,886.2 million a year ago. Net profit attributable to owners of the company was AED 959.2 million against AED 1,406.2 million a year ago. Basic and diluted earnings per share were AED 0.122 against AED 0.263 for the same period last year. Net cash generated from operating activities was AED 4,203.4 million against AED 3,389.6 million for the same period last year. Payments for property, plant and equipment was AED 15.97 million against AED 9.6 million for the same period last year. Payments for intangible assets were AED 5.3 million against AED 0.6 million for the same period last year.

 

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ALDAR

Industry Average

Valuation ALDAR Industry Range
Price/Earnings 18.0x
Price/Sales 5.1x
Price/Book 1.9x
Price/Cash Flow 16.0x
TEV/Sales 2.8x
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