UAE's best-performing stock?

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Union Properties PJSC (DFM: UPP) has demonstrated significant growth in recent times. Here's an overview of its stock performance and financial health

Stock Performance:

• Current Price: As of March 17, 2025, Union Properties' stock is trading at AED 0.5750.

• Year-to-Date Growth: The stock has surged by approximately 40% since the start of the year, making it one of the UAE's top performers. ​

• 52-Week Range: The stock has traded between AED 0.33 and AED 0.60 over the past year.

Financial Highlights:

• Revenue: In 2024, the company reported revenues of AED 528.752 million, up from AED 508.009 million in 2023.

• Operating Profit: The operating profit reached AED 161.8 million in 2024, marking a 59% increase from the previous year. ​

• Net Profit: The net profit for 2024 stood at AED 275.639 million, a substantial rise from AED 29.98 million in 2022. ​

• Debt Reduction: The company successfully reduced its debt by repaying a total of AED 723 million in 2024, leading to a significant decrease in finance costs. ​

Analyst Consensus:

• Rating: The consensus among analysts is an "Outperform" rating for Union Properties' stock.

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