Alkhabeer REIT Fund reported SAR 59.5 million rental income in the first nine months of 2020, a rise of 19% year-on-year (YoY), the fund’s quarterly statement showed.

 

Fund’s Quarterly Financials – SAR mln

Item

9M 2019

9M 2020

Variation %

Rental income (SAR)

49.9

59.5

+19%
 

In Q3 2020, the fund’s rental income grew by 8% to SAR 22.6 million, compared to SAR 20.8 million a year earlier.

 

On the other hand, rental income per unit decreased to 2.1% by the end of September, from 3.12% last year.

 

Fund’s Quarterly Financials – SAR mln

Item

Q3 2019

Q3 2020

Variation %

Rental income (SAR)

20.8

22.6

+8%

Rental income per unit on Sept. 30

3.12%

2.07%

(1.1%)
 

Alkhabeer’s total asset value rose by 64% from SAR 1.053 billion to SAR 1.724 billion by the end of September 2020, driven by the latest acquisitions.

 

Key Performance Indicators (SAR mln)

Item

September 2019

September 2020

Variation (%)

Total asset value

1053

1724.5

+64%

Net asset value (NAV)

681.3

910.8

+34%

Expenses and fees to NAV

0.22%

0.23%

--

Expenses to total asset value

0.49%

1.18%

(0.7%)

Cost to average NAV

0.76%

2.69%

(1.69%)

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request