Jadwa REIT Saudi Fund rose to a net profit of SAR 154.1 million (SAR 0.98/unit) for 2020, from a net profit of SAR 76.7 million a year earlier.
Funds from operations (FFO) fell 1% to SAR 112.3 million in 2020 from SAR 113.5 million in 2019.
The increase in profit was attributed to higher revenue despite the rise in financing cost.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Rental Income | 133.73 | 136.63 | 2.2 % |
| Funds from Operations(FFO) | 113.52 | 112.29 | (1.1 %) |
| Net Income | 76.65 | 154.09 | 101.0 % |
| No of shares | 158.00 | 158.00 | - |
| Operating EPS (Riyals) | 0.72 | 0.71 | (1.1 %) |
| EPS (Riyals) | 0.49 | 0.98 | 101.0 % |
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Rental Income | 68.18 | 69.99 | 2.7 % |
| Funds from Operations(FFO) | 58.17 | 57.38 | (1.4 %) |
| Net Income | 39.42 | 118.42 | 200.4 % |
| No of shares | 158.00 | 158.00 | - |
| Operating EPS (Riyals) | 0.37 | 0.36 | (1.4 %) |
| EPS (Riyals) | 0.25 | 0.75 | 200.4 % |
| Item | 2020 | 2020 | Change |
|---|---|---|---|
| Rental Income | 66.64 | 69.99 | 5.0 % |
| Funds from Operations(FFO) | 54.91 | 57.38 | 4.5 % |
| Net Income | 35.67 | 118.42 | 231.9 % |
| No of shares | 158.00 | 158.00 | - |
| Operating EPS (Riyals) | 0.35 | 0.36 | 4.5 % |
| EPS (Riyals) | 0.23 | 0.75 | 231.9 % |
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Total Assets | 1,680.99 | 2,161.63 | 28.6 % |
| Total Debt | 127.77 | 573.12 | 348.6 % |
| Net assets attributable to the Unitholders Item | 1,537.70 | 1,576.45 | 2.5 % |
| Market value of net assets | 1,765.57 | 1,850.01 | 4.8 % |
Net asset value (NAV) stood at SAR 1.57645 billion, while the NAV per unit reached SAR 9.98 during the year.
The market value of assets reached SAR 1.85 billion, with per unit market value stood at SAR 11.71.
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