Dubai Aerospace Enterprise grants 25 rent deferrals in Q1

Dubai Aerospace Enterprise has granted rent deferrals to 25 separate customers, accounting for 5% of the firm’s annual income, in the first quarter, according to a results announcement by the firm. DAE’s Q1 revenues were down slightly at $344.2 million versus $360.0 million for the same period in 2019 and the firm granted rent deferral requests from 25 customers by April 30 this year. It said it is currently evaluating rent deferral requests from 33 customers with the aggregate rent deferral requests from these customers totals 10% of annual reported revenue. “As we provide additional assistance to our clients who find themselves