Riyad REIT units close at all-time low

20/05/2024 Argaam Exclusive

Units of Riyad REIT Fund edged 2% lower today, May 20, recording the highest closed since listing on the main market (TASI) at SAR 6.84 apiece.

 

It hit an intraday low of SAR 6.82 per unit.

Year High (SAR) Year Low (SAR)
9.25 6.82
Highest Since Debut (SAR) Lowest Since Debut (SAR)
16.55 6.82

Accordingly, the stock’s year-to-date (YTD) losses reached over 20%.

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 amended its capital one time as follows:

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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