AlJazira Mawten REIT incurs SAR 236,415 losses in FY 2019

31/03/2020 Argaam Exclusive

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AlJazira REIT (ALJAZIRA REIT)

AlJazira Mawten REIT posted a net loss of SAR 236,415 for the fiscal year 2019, Aljazira Financial Markets Co. said in a bourse statement on Tuesday.



Financials (M)

Item 2018 2019 Change‬
Rental Income 9.56 5.17 (45.9 %)
Funds from Operations(FFO) 7.53 3.59 (52.3 %)
Net Income 0.37 (0.24) (164.0 %)
No of shares 11.80 11.80 -
Operating EPS (Riyals) 0.64 0.30 (52.3 %)
EPS (Riyals) 0.03 (0.02) (164.0 %)

Net asset value (NAV) stood at SAR 109.67 million, while the NAV per unit reached SAR 8.52 by the end of 2019.

 

The number of issued units totalled 118 million, with a negative yield of 1.40% for FY2019.

 

Total expenses and fees stood at SAR 1.58 million by the end of 2019.



Interim Comparasion (M)

Compared With The
Item 2018 2019 Change‬

Balance Sheet (Million)

Item 2018 2019 Change‬
Total Assets 118.17 111.85 (5.3 %)
Total Debt - - -
Net assets attributable to the Unitholders Item 115.80 109.67 (5.3 %)
Market value of net assets 114.14 100.61 (11.9 %)

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