Jadwa REIT Al Haramain turns to SAR 5.8 mln FFO, SAR 2.5 mln net loss in H1 2023

14/08/2023 Argaam Exclusive

Jadwa REIT Al Haramain Fund narrowed net losses to SAR 2.5 million (SAR -0.04 per unit) for the first half of 2023, from SAR 53.4 million a year earlier, Jadwa Investment, the fund manager, said in a statement to Tadawul.

 

Funds from operations (FFO) reached around SAR 5.8 million during the six-month period, against a negative FFO of SAR 4.5 million in H1 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Rental Income 0.91 17.89 1863.4 %
Funds from Operations(FFO) (4.49) 5.76 228.3 %
Net Income (53.36) (2.52) 95.3 %
No of shares 66.00 66.00 -
Operating EPS (Riyals) (0.07) 0.09 228.3 %
EPS (Riyals) (0.81) (0.04) 95.3 %

The decline in losses in H1 2023 was driven by lower provision for impairment in real estate investments, higher revenues from real estate investments and recognizing higher dividends year-on-year.

 

This came despite the increase in financing costs and administrative expenses.



Balance Sheet (Million)

Item 6m 2022 6m 2023 Change‬
Total Assets 743.92 749.34 0.7 %
Total Debt 252.77 250.87 (0.8 %)
Net assets attributable to the Unitholders Item 485.90 488.23 0.5 %
Market value of net assets 485.90 488.23 0.5 %

Net asset value (NAV) stood at SAR 488.23 million by the end of H1 2023, while net book value per unit reached SAR 7.40.

 

The market value of assets stood at SAR 488.23 million as of June 30, 2023, with a market value per unit of SAR 7.40.

 

View more financial results

 

View other reports

Share Price

Jadwa REIT Al Haramain Fund
5.88
0.01 0.17 %

Jadwa REIT Al Haramain Fund (JADWA REIT ALHARAMAIN)

More


Financial Ratios
Current
Number of Units (Million) 66.00
Net Income/Unit ( Riyal) 0.40
Funds from operations/Unit ( Riyal) 0.11
P/E (X) (TTM) 14.72
Current Price/FFO (X) 52.48
Par Value ( Riyal) 10.00
Price/book 0.77
Asset Growth (%) (1.88 )
Revenue Growth (%) 6.4
Net Income Growth (%) 1,027.3
Adjusted P/E (Last12) (X) 14.72
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

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