Bonyan REIT Fund posts SAR 88.5 mln net profit in FY2019

01/04/2020 Argaam Exclusive

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Bonyan REIT Fund posted a net profit of SAR 88.5 million for the fiscal year 2019, Saudi Fransi Capital said in a bourse filing on Tuesday.

Financials (M)

Item	2018	2019	Change‬
Rental Income	99.06	212.99	115.0 %
Funds from Operations(FFO)	47.66	110.31	131.5 %
Net Income	(85.44)	88.46	203.5 %
No of shares	162.88	162.88	-
Operating EPS (Riyals)	0.29	0.68	131.5 %
EPS (Riyals)	(0.52)	0.54	203.5 %

Net asset value (NAV) stood at SAR 1.45 billion, while the NAV per unit reached SAR 10.147 by the end of 2019.

The number of outstanding units totalled over 162 million, with a yield of 12.55%.

Total expenses and fees for the period stood at SAR 34.6 million.

Interim Comparasion (M)

Compared With The

Item	H2 2018	H2 2019	Change‬

Item	H1 2019	H2 2019	Change‬
Rental Income	103.10	109.89	6.6 %
Funds from Operations(FFO)	55.21	55.10	(0.2 %)
Net Income	32.33	56.13	73.6 %
No of shares	162.88	162.88	0.0 %
Operating EPS (Riyals)	0.34	0.34	(0.2 %)
EPS (Riyals)	0.20	0.34	73.6 %

Balance Sheet (Million)

Item	2018	2019	Change‬
Total Assets	1,775.82	1,752.49	(1.3 %)
Total Debt	-	-	-
Net assets attributable to the Unitholders Item	1,480.54	1,449.29	(2.1 %)
Market value of net assets	1,565.31	1,652.71	5.6 %

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