TECOM Group reported a 12% year-on-year increase in recurring net profit to AED 403 million for Q1 2026, driven by strong demand and high occupancy rates.
Revenue for the period grew 11% to AED 755 million, while EBITDA rose 13% to AED 610 million with an EBITDA margin of 81%.
Overall occupancy rates across commercial and industrial assets reached 98%, supported by a weighted average lease term (WALT) of 8.8 years.
Funds from Operations (FFO) increased by 14% year-on-year to AED 549 million, reflecting optimized collections and revenue growth from portfolio expansions.