Alkhabeer REIT hits all-time low

10/09/2024 Argaam Exclusive

Units of Alkhabeer REIT Fund fell today, Sept. 10, to the lowest price since listing on the Saudi Exchange (Tadawul) at SAR 5.96 apiece.

 

The stock finished at SAR 6 — the lowest close since listing and in previous sessions.

Highest per Year (Riyal) Lowest per Year (Riyal)
6.65 5.96
Highest since listing (Riyal) Lowest since listing (Riyal)
12.22 5.96

With today's decline, the fund’s losses reached nearly 5% since the beginning of the year.

Unit performance

Open 6.00
Low 5.96
High 6.02
Previous Close 6.00
Change (3M) (3.85 %)
Change (6M) (6.69 %)
Market Value 846.06
Avg. Volume (3M) 140,816.15
Avg. Turnover (3M) 864,775.26
Avg. Transaction (3M) 327.33
Change(12M) (8.81 %)
YTD (2.60 %)

Alkhabeer REIT made two capital adjustments through acquisitions, as shown below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2021 Secondary Offering   1,410.08 36.94%
2020 Secondary Offering   1,029.71 54.98%
2018 IPO   664.42 55.65%

Financial Performance :



Financial Ratios :

Financial Ratio Current
Number of Units (Million) 141.01
Net Income/Unit ( Riyal) 0.46
Funds from operations/Unit ( Riyal) 0.45
Adjusted P/E (Last12) (X) 19.55
Current Price/FFO (X) 13.34
Dividend Yield (%) (Last Year) 7.00
Price/book 0.80
Asset Growth (%) (0.74 )
Revenue Growth (%) 6.08
Net Income Growth (%) 183.12
Par Value ( Riyal) 10.00


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