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Union Properties PJSC (DFM:UPP) Long-Term Capital Lease Obligation : د.إ12.1 Mil (As of Mar. 2025)


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What is Union Properties PJSC Long-Term Capital Lease Obligation?

Union Properties PJSC's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2025 was د.إ12.1 Mil.

Union Properties PJSC's quarterly Long-Term Capital Lease Obligation declined from Sep. 2024 (د.إ12.8 Mil) to Dec. 2024 (د.إ12.7 Mil) and declined from Dec. 2024 (د.إ12.7 Mil) to Mar. 2025 (د.إ12.1 Mil).

Union Properties PJSC's annual Long-Term Capital Lease Obligation declined from Dec. 2022 (د.إ10.5 Mil) to Dec. 2023 (د.إ9.0 Mil) but then increased from Dec. 2023 (د.إ9.0 Mil) to Dec. 2024 (د.إ12.7 Mil).


Union Properties PJSC Long-Term Capital Lease Obligation Historical Data

The historical data trend for Union Properties PJSC's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Union Properties PJSC Long-Term Capital Lease Obligation Chart

Union Properties PJSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.33 17.81 10.50 8.98 12.67

Union Properties PJSC Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.13 14.19 12.77 12.67 12.12

Union Properties PJSC  (DFM:UPP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Union Properties PJSC Long-Term Capital Lease Obligation Related Terms

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Union Properties PJSC Business Description

Industry
Traded in Other Exchanges
N/A
Address
Union Business Park 1, P.O. Box 24649, Green Community East, Dubai Investment Park 1, Dubai, ARE
Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of three segments: Real Estate, contracting, and goods and services. Property rentals and sales compose the Real Estate segment. The firm's Contracting segment involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In Goods and Services, the company offers facility management and maintenance services, motor racing services, and the sale of goods. The majority of the company's revenue is generated from the Goods and Services segment.

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