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Union Properties (الإتحاد العقارية)

Main Activities: Real Estate - Rental and Leasing Services

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Company Information

Full name
Union Properties (الإتحاد العقارية)

Headquarters
P.O. Box 24649, Union Properties Building, Dubai Investments Park, Green Community, Jebel Ali Dubai.; Dubai; Northern Emirates
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
Financial Auditors: KPMG (2012)
Incorporation Date: October 28, 1993
Total Employees: 9,110

Tel: 971 48851555

Company Description

Union Properties PJSC (UP), one of the United Arab Emirates’ leading property investment developers, started as Union Property Private Limited in 1987 and floated as a public limited company in 1993. UP delivers superior and comprehensive range of developments with a project portfolio of some of the most unique landmark commercial, residential and leisure developments in the country, acknowledged internationally.
The Company acts as a holding company to its subsidiaries, and offers property
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 71.69%, from AED 2,868,299 thousands to AED 4,924,586 thousands. The results of the period decreased -2.66% reaching AED -1,569,924 thousands at the end of the period against AED -1,529,277 thousands last year. Return on equity (Net income/Total equity) went from -38.65% to -65.77%, the Return On Asset (Net income / Total Asset) went from -10.27% to -17.11% and the Net Profit Margin (Net Income/Net Sales) went from -53.32% to -31.88% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 284.49% compared to 276.26% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.07 to 0.76 when compared to the previous year.

Key Executives

Mr.Khaled Bin Kalban Chairman
Mr.Saeed Mohammed Al Sharid Vice Chairman
Mr. Saeed Bin Drai BOD - Board of Directors
Mr. Saeed Yousuf BOD - Board of Directors
Mr.Abdulaziz Al Serkal BOD - Board of Directors
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Balance Sheet

Total Assets

9,091,899

9,177,768

Current Assets

2,540,681

2,592,448

Total Liabilities

6,529,034

6,790,773

Shareholders Equity

2,562,865

2,386,995

Current Liabilities

3,133,763

3,414,343

* All the accounts are in AED.
Income Statement

Total Operating Revenue

1,642,258

4,924,586

Net Profit (Loss)

175,789

-1,569,924

* All the accounts are in AED.
Ratios
Profitability Ratios

Return on Assets (ROA)

1.93%

-17.11%

Annualised Return on Assets (ROA)

1.93%

-17.11%

Return on Equity (ROE)

6.86%

-65.77%

Annualised Return on Equity (ROE)

7.36%

-39.68%

Return on Sales (ROS)

10.7%

-31.88%

Gross Profit Margin

185.18%

184.95%

Efficiency Ratios

Accounts Receivable Turnover

0.78x

2.24x

Inventory Turnover

49.51x

117.42x

Current asset turnover

0.65x

1.90x

Fixed-asset turnover

0.25x

0.75x

Asset Turnover

0.18x

0.54x

Valuation figures and ratios

EBITDA

161,410

359,910

Enterprise value

7,510,574

7,345,684

Enterprise Value / EBITDA

46.53

20.41

Bookvalue (BV)

2,562,570

2,346,219

Net Cash

-6,301,567

-6,556,004

Liquidity Ratios

Current Ratio

81.07%

75.93%

Quick ratio

80.02%

74.7%

Doom's day ratio

7.26%

6.88%

Leverage Ratios

Leverage ratio

354.76%

384.49%

Debt to equity

254.76%

284.49%

Debt to total assets

71.81%

73.99%

Long Term Debt to Capital

56.99%

58.58%

Market ratios

Market Capitalization/EBITDA

7.49

2.19

Market Cap / Net cash

-0.19

-0.12

Trend Ratios

Revenue Trend

33.35%

171.69%

Net Income Trend

-11.2%

102.66%