Musharaka REIT Fund reported a net profit of SAR 23.1 million (SAR 0.26/unit) during the first half of 2020, compared to SAR 22.8 million in the year-earlier period, according to a bourse filing by Musharaka Capital, fund manager, on Tuesday.
Funds from operations (FFO) stood at SAR 30 million in H1 2020, compared to SAR 29 million in the same period last year.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Rental Income | 47.52 | 51.07 | 7.5 % |
| Funds from Operations(FFO) | 29.02 | 29.96 | 3.3 % |
| Net Income | 22.80 | 23.07 | 1.2 % |
| No of shares | 88.00 | 88.00 | - |
| Operating EPS (Riyals) | 0.33 | 0.34 | 3.3 % |
| EPS (Riyals) | 0.26 | 0.26 | 1.2 % |
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Total Assets | 1,362.32 | 1,337.70 | (1.8 %) |
| Total Debt | 424.62 | 402.14 | (5.3 %) |
| Net assets attributable to the Unitholders Item | 889.94 | 899.50 | 1.1 % |
| Market value of net assets | 842.05 | 965.18 | 14.6 % |
Net asset value (NAV) stood at SAR 899.5 million, while the NAV per unit reached SAR 10.22 during the six-month period.
The market value of assets reached SAR 977.19 million in H1 2020, while the per unit market value stood at SAR 11.10.
The number of issued units totaled 88 million, with a yield of 3.5%.
Total expenses and fees for the period stood at SAR 18.3 million.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}