Major Estimate Revision • May 20
Consensus revenue estimates fall by 33% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from د.إ2.04b to د.إ1.37b. EPS estimate fell from د.إ0.09 to د.إ0.07 per share. Net income forecast to shrink 25% next year vs 16% growth forecast for Commercial Services industry in United Arab Emirates . Consensus price target down from د.إ0.79 to د.إ0.72. Share price fell 6.0% to د.إ0.67 over the past week. New Risk • May 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: د.إ0.003 (vs د.إ0.001 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.003 (up from د.إ0.001 in 1Q 2025). Revenue: د.إ271.4m (up 66% from 1Q 2025). Net income: د.إ11.8m (up 103% from 1Q 2025). Profit margin: 4.3% (up from 3.6% in 1Q 2025). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 19
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from د.إ2.71b to د.إ2.04b. EPS estimate fell from د.إ0.17 to د.إ0.09 per share. Net income forecast to shrink 19% next year vs 20% growth forecast for Commercial Services industry in United Arab Emirates . Consensus price target down from د.إ1.21 to د.إ0.79. Share price rose 4.1% to د.إ0.76 over the past week. Announcement • Mar 17
Union Properties Public Joint Stock Company, Annual General Meeting, Apr 07, 2026 Union Properties Public Joint Stock Company, Annual General Meeting, Apr 07, 2026, at 11:00 Arabian Standard Time. Location: dubai United Arab Emirates Price Target Changed • Feb 21
Price target increased by 36% to د.إ1.21 Up from د.إ0.89, the current price target is provided by 1 analyst. New target price is 34% above last closing price of د.إ0.90. Stock is up 88% over the past year. The company is forecast to post earnings per share of د.إ0.17 for next year compared to د.إ0.11 last year. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: د.إ0.11 (vs د.إ0.064 in FY 2024) Full year 2025 results: EPS: د.إ0.11 (up from د.إ0.064 in FY 2024). Revenue: د.إ736.9m (up 39% from FY 2024). Net income: د.إ462.5m (up 68% from FY 2024). Profit margin: 63% (up from 52% in FY 2024). Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Union Properties Public Joint Stock Company to Report Fiscal Year 2025 Results on Feb 13, 2026 Union Properties Public Joint Stock Company announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: د.إ0.029 (vs د.إ0.004 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.029 (up from د.إ0.004 in 3Q 2024). Revenue: د.إ197.2m (up 60% from 3Q 2024). Net income: د.إ124.7m (up د.إ106.3m from 3Q 2024). Profit margin: 63% (up from 15% in 3Q 2024). Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
Union Properties Public Joint Stock Company to Report Q3, 2025 Results on Oct 28, 2025 Union Properties Public Joint Stock Company announced that they will report Q3, 2025 results at 2:00 PM, Arabian Standard Time on Oct 28, 2025 Price Target Changed • Aug 14
Price target increased by 42% to د.إ0.85 Up from د.إ0.60, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.إ0.86. Stock is up 159% over the past year. The company posted earnings per share of د.إ0.064 last year. Reported Earnings • Jul 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: د.إ152.4m (up 19% from 2Q 2024). Net income: د.إ8.75m (down 52% from 2Q 2024). Profit margin: 5.7% (down from 14% in 2Q 2024). Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Union Properties Public Joint Stock Company to Report Q2, 2025 Results on Jul 30, 2025 Union Properties Public Joint Stock Company announced that they will report Q2, 2025 results on Jul 30, 2025 New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (48% net profit margin). Major Estimate Revision • May 20
Consensus revenue estimates decrease by 37% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from د.إ1.42b to د.إ901.0m. EPS estimate unchanged from د.إ0.06 per share at last update. Real Estate industry in United Arab Emirates expected to see average net income growth of 16% next year. Consensus price target up from د.إ0.47 to د.إ0.60. Share price was steady at د.إ0.55 over the past week. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: د.إ0.001 (vs د.إ0.004 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.001 (down from د.إ0.004 in 1Q 2024). Revenue: د.إ163.2m (up 18% from 1Q 2024). Net income: د.إ5.81m (down 65% from 1Q 2024). Profit margin: 3.6% (down from 12% in 1Q 2024). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • May 07
Union Properties Public Joint Stock Company to Report Q1, 2025 Results on May 08, 2025 Union Properties Public Joint Stock Company announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Mar 20
Union Properties Public Joint Stock Company, Annual General Meeting, Apr 09, 2025 Union Properties Public Joint Stock Company, Annual General Meeting, Apr 09, 2025, at 10:00 Arabian Standard Time. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (52% net profit margin). Price Target Changed • Feb 20
Price target increased by 9.3% to د.إ0.47 Up from د.إ0.43, the current price target is provided by 1 analyst. New target price is 6.8% above last closing price of د.إ0.44. Stock is up 50% over the past year. The company posted earnings per share of د.إ0.064 last year. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: د.إ0.064 (vs د.إ0.20 in FY 2023) Full year 2024 results: EPS: د.إ0.064 (down from د.إ0.20 in FY 2023). Revenue: د.إ528.8m (up 4.1% from FY 2023). Net income: د.إ275.6m (down 67% from FY 2023). Profit margin: 52% (down from 165% in FY 2023). Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Union Properties Public Joint Stock Company to Report Fiscal Year 2024 Results on Feb 13, 2025 Union Properties Public Joint Stock Company announced that they will report fiscal year 2024 results on Feb 13, 2025 New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 51% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 51% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: د.إ0.004 (vs د.إ0.005 in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.004 (down from د.إ0.005 in 3Q 2023). Revenue: د.إ123.3m (flat on 3Q 2023). Net income: د.إ18.4m (down 6.9% from 3Q 2023). Profit margin: 15% (down from 16% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 49% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 49% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: د.إ0.004 (vs د.إ0.001 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.004 (up from د.إ0.001 in 2Q 2023). Revenue: د.إ127.7m (up 7.6% from 2Q 2023). Net income: د.إ18.3m (up 238% from 2Q 2023). Profit margin: 14% (up from 4.6% in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: د.إ0.004 (vs د.إ0.003 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.004 (up from د.إ0.003 in 1Q 2023). Revenue: د.إ138.1m (up 13% from 1Q 2023). Net income: د.إ16.5m (up 34% from 1Q 2023). Profit margin: 12% (up from 10% in 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Union Properties Public Joint Stock Company to Report Q1, 2024 Results on May 14, 2024 Union Properties Public Joint Stock Company announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Apr 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings are forecast to decline by an average of 38% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). Announcement • Mar 21
Union Properties Public Joint Stock Company, Annual General Meeting, Apr 18, 2024 Union Properties Public Joint Stock Company, Annual General Meeting, Apr 18, 2024, at 10:00 Coordinated Universal Time. Location: The Ritz Carlton Hotel, Dubai Financial Center Dubai United Arab Emirates Agenda: To authorize the Chairman of the Annual General Assembly Meeting to appoint the meeting's Secretary and the vote collector; to consider and approve the Board of Directors' Report concerning the Company's activities and financial position for the financial year ending on 31 December 2023; to consider and approve the Auditor's Report for the financial year ending on 31 December 2023; to discuss and approve the Company's balance sheet and profit and loss account for the financial year ending on 31 December 2023; to ratify the appointment of the new Board member who replaced the resigned Board member; to approve the policy related to paying expenses, fees, or bonuses to some members of the Board who are also members of Board committees; to appoint Auditors and determine their fees; to approval of a proposal regarding the disbursement of remuneration for the Board of Directors; and to consider any other matters. Price Target Changed • Mar 19
Price target increased by 7.5% to د.إ0.43 Up from د.إ0.40, the current price target is provided by 1 analyst. New target price is 10.0% above last closing price of د.إ0.39. Stock is up 83% over the past year. The company is forecast to post earnings per share of د.إ0.03 for next year compared to د.إ0.20 last year. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: د.إ0.20 (vs د.إ0.007 in FY 2022) Full year 2023 results: EPS: د.إ0.20 (up from د.إ0.007 in FY 2022). Revenue: د.إ508.0m (up 21% from FY 2022). Net income: د.إ837.6m (up د.إ807.6m from FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 51% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 51% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Price Target Changed • Nov 10
Price target decreased by 9.1% to د.إ0.40 Down from د.إ0.44, the current price target is provided by 1 analyst. New target price is 22% above last closing price of د.إ0.33. Stock is up 31% over the past year. The company posted earnings per share of د.إ0.007 last year. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: د.إ0.005 (vs د.إ0 in 3Q 2022) Third quarter 2023 results: EPS: د.إ0.005 (up from د.إ0 in 3Q 2022). Revenue: د.إ123.5m (up 22% from 3Q 2022). Net income: د.إ19.7m (up د.إ18.9m from 3Q 2022). Profit margin: 16% (up from 0.8% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 43% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 43% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: د.إ0.001 (vs د.إ0 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.001 (up from د.إ0 in 2Q 2022). Revenue: د.إ118.7m (up 20% from 2Q 2022). Net income: د.إ5.42m (up د.إ5.13m from 2Q 2022). Profit margin: 4.6% (up from 0.3% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Jul 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 34% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • May 26
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from د.إ460.0m to د.إ502.0m. EPS estimate increased from د.إ0.00 per share to د.إ0.01 per share. Real Estate industry in United Arab Emirates expected to see average net income decline 2.8% next year. Consensus price target up from د.إ0.25 to د.إ0.28. Share price was steady at د.إ0.28 over the past week. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: د.إ0.003 (vs د.إ0.003 loss in 1Q 2022) First quarter 2023 results: EPS: د.إ0.003 (up from د.إ0.003 loss in 1Q 2022). Revenue: د.إ122.1m (up 16% from 1Q 2022). Net income: د.إ12.3m (up د.إ24.8m from 1Q 2022). Profit margin: 10% (up from net loss in 1Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2022 earnings released: EPS: د.إ0.007 (vs د.إ0.23 loss in FY 2021) Full year 2022 results: EPS: د.إ0.007 (up from د.إ0.23 loss in FY 2021). Revenue: د.إ419.2m (up 70% from FY 2021). Net income: د.إ30.0m (up د.إ996.7m from FY 2021). Profit margin: 7.2% (up from net loss in FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Real Estate industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: د.إ0 (vs د.إ0.007 loss in 3Q 2021) Third quarter 2022 results: EPS: د.إ0 (improved from د.إ0.007 loss in 3Q 2021). Revenue: د.إ101.2m (up 6.0% from 3Q 2021). Net income: د.إ825.0k (up د.إ31.8m from 3Q 2021). Profit margin: 0.8% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: د.إ0 (vs د.إ0.006 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0 (down from د.إ0.006 in 2Q 2021). Revenue: د.إ98.7m (down 5.8% from 2Q 2021). Net income: د.إ285.0k (down 99% from 2Q 2021). Profit margin: 0.3% (down from 26% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2022 earnings released: د.إ0.003 loss per share (vs د.إ0.001 profit in 1Q 2021) First quarter 2022 results: د.إ0.003 loss per share (down from د.إ0.001 profit in 1Q 2021). Revenue: د.إ105.7m (up 4.6% from 1Q 2021). Net loss: د.إ12.5m (down 325% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: د.إ0.23 loss per share (vs د.إ0.047 profit in FY 2020) Full year 2021 results: د.إ0.23 loss per share (down from د.إ0.047 profit in FY 2020). Revenue: د.إ682.6m (up د.إ586.6m from FY 2020). Net loss: د.إ966.8m (down د.إ1.17b from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Feb 16
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be د.إ0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% per annum over the last 3 years. The company became loss making over the last year. Reported Earnings • Nov 23
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: د.إ0.007 loss per share (down from د.إ0.12 profit in 3Q 2020). Revenue: د.إ104.2m (down 187% from 3Q 2020). Net loss: د.إ31.0m (down 106% from profit in 3Q 2020). Revenue missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 18%, compared to a 5.2% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS د.إ0.006 (vs د.إ0.009 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ104.8m (up 39% from 2Q 2020). Net income: د.إ26.8m (up د.إ65.4m from 2Q 2020). Profit margin: 26% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 31
Price target decreased to د.إ0.42 Down from د.إ0.51, the current price target is provided by 1 analyst. New target price is 71% above last closing price of د.إ0.24. Stock is down 15% over the past year. Reported Earnings • May 17
First quarter 2021 earnings released: EPS د.إ0.001 (vs د.إ0.028 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: د.إ131.4m (up 171% from 1Q 2020). Net income: د.إ5.55m (up د.إ127.4m from 1Q 2020). Profit margin: 4.2% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day low: د.إ0.27 The company is down 4.0% from its price of د.إ0.28 on 25 November 2020. The Emirian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS د.إ0.047 (vs د.إ0.052 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ375.9m (up 22% from FY 2019). Net income: د.إ201.0m (up د.إ425.3m from FY 2019). Profit margin: 54% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue misses expectations Revenue missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 79%, compared to a 2.8% growth forecast for the Real Estate industry in United Arab Emirates. Announcement • Jan 28
Union Properties Public Joint Stock Company(DFM:UPP) dropped from FTSE All-World Index (USD) Union Properties Public Joint Stock Company(DFM:UPP) dropped from FTSE All-World Index (USD) Is New 90 Day High Low • Nov 12
New 90-day low: د.إ0.26 The company is down 22% from its price of د.إ0.33 on 13 August 2020. The Emirian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: د.إ0.27 The company is down 9.0% from its price of د.إ0.30 on 07 July 2020. The Emirian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 6.0% over the same period.