Jadwa REIT Saudi posts FFO of SAR 106.9 mln, net profit of SAR 27.9 mln in 2021

31/03/2022 Argaam Exclusive

View other reports

Jadwa REIT Saudi Fund posted a net profit of SAR 27.9 million (SAR 0.15 per unit) in 2021, a decline of 5% from SAR 154 million a year earlier.

Funds from operations (FFO) reached SAR 106.9 million in 2021, a drop of 5% from SAR 112.3 million in 2020.

Financials (M)

Item	2020	2021	Change‬
Rental Income	136.63	145.20	6.3 %
Funds from Operations(FFO)	112.29	106.91	(4.8 %)
Net Income	154.09	27.85	(81.9 %)
No of shares	158.00	186.51	18.0 %
Operating EPS (Riyals)	0.71	0.57	(19.3 %)
EPS (Riyals)	0.98	0.15	(84.7 %)

Interim Comparasion (M)

Compared With The

Item	H2 2020	H2 2021	Change‬
Rental Income	69.99	73.97	5.7 %
Funds from Operations(FFO)	57.38	53.47	(6.8 %)
Net Income	118.42	0.81	(99.3 %)
No of shares	158.00	186.51	18.0 %
Operating EPS (Riyals)	0.36	0.29	(21.1 %)
EPS (Riyals)	0.75	0.00	(99.4 %)

Item	H1 2021	H2 2021	Change‬
Rental Income	71.23	73.97	3.8 %
Funds from Operations(FFO)	53.44	53.47	0.1 %
Net Income	27.04	0.81	(97.0 %)
No of shares	158.00	186.51	18.0 %
Operating EPS (Riyals)	0.34	0.29	(15.2 %)
EPS (Riyals)	0.17	0.00	(97.5 %)

Balance Sheet (Million)

Item	2020	2021	Change‬
Total Assets	2,161.63	2,462.55	13.9 %
Total Debt	573.12	599.99	4.7 %
Net assets attributable to the Unitholders Item	1,576.45	1,851.06	17.4 %
Market value of net assets	1,850.01	2,093.10	13.1 %

The profit decline was attributed to higher operating expenses and finance charges. The fund reported SAR 12 million unrealized losses from financial assets at fair value in 2021, compared to a profit of SAR 80 million in 2020.

Net asset value (NAV) stood at SAR 1.851 billion in 2021, while net book value per unit reached SAR 9.92.

The full-year market value of assets stood at SAR 2.093 billion, with market value per unit at SAR 11.22.

View more financial results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×