Financial Results : Jadwa REIT Al Haramain posts FFO loss of SAR 4.5 mln, net loss of SAR 53.4 mln in H1 2022

Jadwa REIT Al Haramain posts FFO loss of SAR 4.5 mln, net loss of SAR 53.4 mln in H1 2022

25/08/2022 Argaam Exclusive

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Jadwa REIT Al Haramain Fund widened net losses to SAR 53.4 million in the first half of 2022 (-SAR 0.81 per unit), from SAR 9.1 million a year earlier.

 

Funds from operations (FFO) losses reached SAR 4.5 million in the six-month period, against a net profit of SAR 3.4 million in the year-ago period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Rental Income 8.00 0.91 (88.6 %)
Funds from Operations(FFO) 3.38 (4.49) (232.9 %)
Net Income (9.12) (53.36) (485.3 %)
No of shares 66.00 66.00 -
Operating EPS (Riyals) 0.05 (0.07) (232.9 %)
EPS (Riyals) (0.14) (0.81) (485.3 %)


Balance Sheet (Million)

Item 6m 2021 6m 2022 Change‬
Total Assets 783.37 743.92 (5.0 %)
Total Debt 232.30 252.77 8.8 %
Net assets attributable to the Unitholders Item 539.30 485.90 (9.9 %)
Market value of net assets 568.92 485.90 (14.6 %)

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