Riyad REIT records lowest price since July 2020

27/03/2024 Argaam Exclusive

Units of Riyad REIT Fund hit today, March 27, the lowest price since July 2020 at SAR 7.88.

Year High (SAR) Year Low (SAR)
9.36 7.88
Highest Since Debut (SAR) Lowest Since Debut (SAR)
16.55 7.14

The fund is currently down 1%, with around 250,000 units traded so far.

Unit performance

Open 6.48
Low 6.43
High 6.51
Previous Close 6.44
Change (3M) (11.73 %)
Change (6M) (5.82 %)
Market Value 1,110.88
Avg. Volume (3M) 144,908.57
Avg. Turnover (3M) 987,609.40
Avg. Transaction (3M) 542.58
Change(12M) (20.42 %)
YTD (26.98 %)

The fund adjusted its capital by acquisition in 2018, as detailed below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2018 Secondary Offering   1,633.00 226.60%
2016 IPO   500.00 -

Financial Performance :

Overview :

The Shariah-compliant real estate investment trust (REIT) was launched in 2015 with a capital of SAR 500 million. The fund is managed by Riyad Capital, the investment arm of Riyad Bank. The fund seeks to generate regular income by investing in diversified real estate assets.


Financial Ratios :

Financial Ratio Current
Number of Units (Million) 171.70
Net Income/Unit ( Riyal) (0.04 )
Funds from operations/Unit ( Riyal) 0.15
Adjusted P/E (Last12) (X) Neg
Current Price/FFO (X) 42.21
Dividend Yield (%) (Last Year) 6.18
Price/book 0.77
Asset Growth (%) (1.82 )
Revenue Growth (%) 4.07
Net Income Growth (%) (111.62 )
Par Value ( Riyal) 9.51


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