Alkhabeer REIT Fund reported a net profit of SAR 35.1 million (SAR 0.25 per unit) for 2023, compared to SAR 43.4 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Rental Income | 118.76 | 123.72 | 4.2 % |
| Funds from Operations(FFO) | 46.53 | 62.02 | 33.3 % |
| Net Income | 43.38 | 35.14 | (19.0 %) |
| No of shares | 141.01 | 141.01 | - |
| Operating EPS (Riyals) | 0.33 | 0.44 | 33.3 % |
| EPS (Riyals) | 0.31 | 0.25 | (19.0 %) |
Funds from operations (FFO) reached nearly SAR 62 million, rising nearly 33% from SAR 46.5 million in 2022.
Net asset value (NAV) stood at SAR 1.04 billion as of Dec. 31, 2023, while net book value per unit reached SAR 7.42.
The market value of assets stood at SAR 1.19 billion as of Dec. 31, 2023, with a market value per unit at SAR 8.46.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Rental Income | 59.17 | 62.00 | 4.8 % |
| Funds from Operations(FFO) | 19.83 | 29.80 | 50.3 % |
| Net Income | 5.95 | 17.95 | 201.7 % |
| No of shares | 141.01 | 141.01 | - |
| Operating EPS (Riyals) | 0.14 | 0.21 | 50.3 % |
| EPS (Riyals) | 0.04 | 0.13 | 201.7 % |
| Item | 2023 | 2023 | Change |
|---|---|---|---|
| Rental Income | 61.72 | 62.00 | 0.4 % |
| Funds from Operations(FFO) | 32.22 | 29.80 | (7.5 %) |
| Net Income | 17.19 | 17.95 | 4.4 % |
| No of shares | 141.01 | 141.01 | 0.0 % |
| Operating EPS (Riyals) | 0.23 | 0.21 | (7.5 %) |
| EPS (Riyals) | 0.12 | 0.13 | 4.4 % |
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Total Assets | 1,883.27 | 1,860.58 | (1.2 %) |
| Total Debt | 753.12 | 752.33 | (0.1 %) |
| Net assets attributable to the Unitholders Item | 1,069.70 | 1,045.61 | (2.3 %) |
| Market value of net assets | 1,187.48 | 1,192.82 | 0.4 % |
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