Al Rajhi REIT posts SAR 50 mln profit in FY 2018

Al Rajhi REIT Fund reported a net profit of SAR 49.6 million for fiscal year 2018, fund manager Al Rajhi Capital said in a bourse statement on Sunday.

The full-year income totaled SAR 92 million, while expenses stood at SAR 42.5 million.

Net asset value (NAV) – based on fair value – reached SAR 1.3 billion, or SAR 10.23 per unit, with the number of total units amounting to 122.2 million units.

The yield for the same period was 6.2 percent.

Funds from operations amounted to SAR 63.4 million, the statement added.