Financial Results : Alinma Hospitality REIT logs SAR 45.3 mln FFO in H1 2023 with SAR 35.9 mln profit

Alinma Hospitality REIT logs SAR 45.3 mln FFO in H1 2023 with SAR 35.9 mln profit

13/08/2023 Argaam Exclusive

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Alinma Hospitality REIT Fund recorded a net profit of SAR 35.9 million (SAR 0.35 per unit) in H1 2023, with funds from operations (FFO) amounting to around SAR 45.3 million (SAR 0.44 per unit).



Financials (M)

Item 6m 2022 6m 2023 Change‬

The fund generated SAR 51.9 million in revenues during the six-month period, besides posting management fees of SAR 3.7 million.



Balance Sheet (Million)

Item 6m 2022 6m 2023 Change‬
Total Assets - 1,073.85 -
Total Debt - - -
Net assets attributable to the Unitholders Item - 1,023.29 -
Market value of net assets - 1,047.78 -

Net asset value (NAV) stood at SAR 1.02 billion, while the NAV per unit reached SAR 10.03.

 

During the same period, Alinma Hospitality REIT also logged SAR 9.8 million in depreciation of real estate investments.

 

The market value of assets reached SAR 1.04 billion in H1 2023, while the per unit market value stood at SAR 10.27.

 

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