Bonyan REIT Fund reported a net profit of SAR 45.4 million (SAR 0.28/unit) for 2020, a fall of 49% from SAR 88.5 million a year earlier, Saudi Fransi Capital, fund manager, said in a bourse filing.
Funds from operations (FFO) dropped 24% to SAR 83.49 million in 2020 from SAR 110.3 million in 2019.
The decline was attributed to an increase of SAR 3.49 million in finance costs, lower revenue and the reversal of real estate investment impairment losses.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Rental Income | 122.49 | 97.98 | (20.0 %) |
| Funds from Operations(FFO) | 110.31 | 83.49 | (24.3 %) |
| Net Income | 88.46 | 45.41 | (48.7 %) |
| No of shares | 162.88 | 162.88 | - |
| Operating EPS (Riyals) | 0.68 | 0.51 | (24.3 %) |
| EPS (Riyals) | 0.54 | 0.28 | (48.7 %) |
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Rental Income | 62.98 | 62.13 | (1.3 %) |
| Funds from Operations(FFO) | 55.10 | 53.88 | (2.2 %) |
| Net Income | 56.13 | 38.03 | (32.3 %) |
| No of shares | 162.88 | 162.88 | - |
| Operating EPS (Riyals) | 0.34 | 0.33 | (2.2 %) |
| EPS (Riyals) | 0.34 | 0.23 | (32.3 %) |
| Item | 2020 | 2020 | Change |
|---|---|---|---|
| Rental Income | 35.84 | 62.13 | 73.4 % |
| Funds from Operations(FFO) | 29.62 | 53.88 | 81.9 % |
| Net Income | 7.39 | 38.03 | 414.9 % |
| No of shares | 162.88 | 162.88 | - |
| Operating EPS (Riyals) | 0.18 | 0.33 | 81.9 % |
| EPS (Riyals) | 0.05 | 0.23 | 414.9 % |
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Total Assets | 1,752.49 | 1,741.81 | (0.6 %) |
| Total Debt | - | 190.43 | - |
| Net assets attributable to the Unitholders Item | 1,449.29 | 1,429.70 | (1.4 %) |
| Market value of net assets | 1,652.71 | 1,631.37 | (1.3 %) |
Net asset value (NAV) stood at SAR 1.429 billion, while the NAV per unit reached SAR 8.78 during the year.
The market value of assets reached SAR 1.631 billion, with per unit market value stood at SAR 10.02.
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}}