Al Maather REIT Fund posted a net profit of SAR 21.4 million for the fiscal year 2019, Osool and Bakheet Investment Company, the fund manager, said in a bourse filing.
Net Asset Value (NAV) stood at SAR 594.8 million, while net book value per unit hit SAR 9.69.
The full-year expenses and fees reached SAR 13.9 million.
The number of issued units totaled SAR 61.4 million in 2019.
The fund recorded an FFO yield at 6.5% in the same period, the statement added.
Item | 2018 | 2019 | Change |
---|---|---|---|
Rental Income | 52.30 | 53.29 | 1.9 % |
Funds from Operations(FFO) | 41.43 | 40.50 | (2.2 %) |
Net Income | 4.40 | 21.40 | 386.7 % |
No of shares | 61.37 | 61.37 | - |
Earnings Per Share before unusual items (Riyals) | 0.07 | 0.35 | 386.7 % |
Operating EPS (Riyal) | 0.68 | 0.66 | (2.2 %) |
EPS (Riyal) | 0.07 | 0.35 | 386.7 % |
Item | H2 2018 | H2 2019 | Change |
---|---|---|---|
Rental Income | 26.41 | 27.68 | 4.8 % |
Funds from Operations(FFO) | 20.77 | 19.65 | (5.4 %) |
Net Income | (9.29) | 7.34 | 179.0 % |
No of shares | 61.37 | 61.37 | - |
Operating EPS (Riyal) | 0.34 | 0.32 | (5.4 %) |
EPS (Riyal) | (0.15) | 0.12 | 179.0 % |
Item | H1 2019 | H2 2019 | Change |
---|---|---|---|
Rental Income | 25.61 | 27.68 | 8.1 % |
Funds from Operations(FFO) | 20.85 | 19.65 | (5.8 %) |
Net Income | 14.06 | 7.34 | (47.8 %) |
No of shares | 61.37 | 61.37 | - |
Operating EPS (Riyal) | 0.34 | 0.32 | (5.8 %) |
EPS (Riyal) | 0.23 | 0.12 | (47.8 %) |
Item | 2018 | 2019 | Change |
---|---|---|---|
Total Assets | 635.68 | 646.58 | 1.7 % |
Total Debt | - | 28.06 | - |
Net assets attributable to the Unitholders Item | 612.70 | 594.82 | (2.9 %) |
Market value of net assets | 615.74 | 602.71 | (2.1 %) |
Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
---|---|---|---|---|---|---|
H1 2017 | - | - | - | - | - | - |
H2 2017 | - | - | - | - | - | - |
2017 | 20.49 | - | 14.89 | - | 10.56 | - |
H1 2018 | 25.89 | - | 20.66 | - | 13.69 | - |
H2 2018 | 26.41 | - | 20.77 | - | (9.29) | - |
2018 | 52.30 | 155.3 % | 41.43 | 178.2 % | 4.40 | (58.4 %) |
H1 2019 | 25.61 | (1.1 %) | 20.85 | 0.9 % | 14.06 | 2.8 % |
H2 2019 | 27.68 | 4.8 % | 19.65 | (5.4 %) | 7.34 | 179.0 % |
2019 | 53.29 | 1.9 % | 40.50 | (2.2 %) | 21.40 | 386.7 % |
Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
---|---|---|---|---|---|---|
2017 | 20.49 | - | 14.89 | - | 10.56 | - |
2018 | 52.30 | 155.3 % | 41.43 | 178.2 % | 4.40 | (58.4 %) |
2019 | 53.29 | 1.9 % | 40.50 | (2.2 %) | 21.40 | 386.7 % |
Period | Total Assets | Change | Total Debt | Change | Net assets attributable to the Unitholders Item | Change | Market value of net assets | Change |
---|---|---|---|---|---|---|---|---|
H1 2017 | - | - | - | - | - | - | - | - |
H2 2017 | - | - | - | - | - | - | - | - |
H1 2018 | 643.58 | - | - | - | 621.99 | - | 599.21 | - |
H2 2018 | 635.68 | - | - | - | 612.70 | - | 615.74 | - |
H1 2019 | 611.15 | (5.0 %) | 6.68 | - | 587.48 | (5.5 %) | 595.52 | (0.6 %) |
H2 2019 | 646.58 | 1.7 % | 28.06 | - | 594.82 | (2.9 %) | 602.71 | (2.1 %) |
Period | Total Assets | Change | Total Debt | Change | Net assets attributable to the Unitholders Item | Change | Market value of net assets | Change |
---|---|---|---|---|---|---|---|---|
2017 | 663.32 | - | - | - | 624.20 | - | 602.84 | - |
2018 | 635.68 | (4.2 %) | - | - | 612.70 | (1.8 %) | 615.74 | 2.1 % |
2019 | 646.58 | 1.7 % | 28.06 | - | 594.82 | (2.9 %) | 602.71 | (2.1 %) |
Period | Operating EPS | EPS | Book Value | Market Value |
---|---|---|---|---|
H1 2017 | - | - | - | - |
H2 2017 | - | - | - | - |
H1 2018 | 0.34 | 0.22 | 10.14 | 9.76 |
H2 2018 | 0.34 | (0.15) | 9.98 | 10.03 |
H1 2019 | 0.34 | 0.23 | 9.57 | 9.70 |
H2 2019 | 0.32 | 0.12 | 9.69 | 9.82 |
Period | Operating EPS | EPS | Book Value | Market Value |
---|---|---|---|---|
2017 | 0.24 | 0.17 | 10.17 | 9.82 |
2018 | 0.68 | 0.07 | 9.98 | 10.03 |
2019 | 0.66 | 0.35 | 9.69 | 9.82 |
Current | |
Number of Units (Million) | 61.37 |
Net Income/Unit ( Riyal) | 0.30 |
Funds from operations/Unit ( Riyal) | 0.36 |
Par Value ( Riyal) | 10.00 |
Price/book | 1.10 |
Asset Growth (%) | (1.44 ) |
Revenue Growth (%) | (1.85 ) |
Net Income Growth (%) | 0.4 |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}