Q1 2026 Aldar Properties PJSC Earnings Call Transcript
Key Points
- Aldar Properties PJSC (ADX:ALDAR) reported a 12% increase in revenue to AED8.7 billion, with EBITDA rising 22% to AED3 billion and net profit after tax increasing 20% to AED2.3 billion.
- The company successfully completed a USD1 billion public hybrid issuance and another USD1 billion hybrid issuance to Apollo, strengthening its financial position.
- Aldar Properties PJSC (ADX:ALDAR) issued a AED5 billion sustainability-linked revolving credit facility, attracting strong demand from regional and international banks.
- The company expanded its land bank with AED23 billion of GDV in Abu Dhabi and AED38 billion in Dubai, enhancing its development pipeline.
- Aldar Investments delivered an 18% growth in adjusted EBITDA to AED905 million, supported by high occupancy and contributions from recent acquisitions.
- Group sales decreased by 25% year-on-year to AED6.7 billion, largely due to subdued sales in March.
- The hospitality segment experienced softer demand in March due to disruptions in regional flight connectivity and international tourism.
- Residential adjusted EBITDA declined by 4% due to the turnover of a bulk lease and refurbishment of residential units.
- The retail segment saw some softening in the luxury segment, despite overall tenant sales remaining in line with Q1 2025 levels.
- Aldar Properties PJSC (ADX:ALDAR) faces challenges in achieving its sales guidance due to the slower launch pace and ongoing regional tensions.
Welcome, everyone. The Aldar Properties Q1 2026 financial results call will begin shortly. (Operator Instructions)
Hello, everyone, and thank you for joining the Aldar Properties Q1 2026 financial results call. My name is Gabriel, and I will be coordinating your call today (Operator Instructions)
I will now hand over to your host, Mr. Faisal Falaknaz. Please go ahead.
And good afternoon from Abu Dhabi. Thank you all for joining today's call to discuss Aldar's first-quarter '26 results. Before I turn to the numbers and for those of you who have not joined our recent fireside calls, let me briefly set the scene for the quarter and where we are today.
As you know, the latter part of the first quarter coincided with a period of heightened regional tension. The UAE once again demonstrated the strength of its leadership and institutional framework with a coordinated and decisive response.
Authorities took decisive action to safeguard
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