SICO Saudi REIT ends at all-time low

08/10/2024 Argaam Exclusive

Units of Tadawul-listed SICO Saudi REIT Fund ended at a lifetime low of SAR 4.11 apiece today, Oct. 8, after contracting by less than 1%.

Accordingly, the fund’s year-to-date (YTD) losses reached about 10%.

Unit performance

Open 4.14
Low 4.10
High 4.18
Previous Close 4.15
Change (3M) (0.71 %)
Change (6M) (8.93 %)
Market Value 239.26
Avg. Volume (3M) 136,026.89
Avg. Turnover (3M) 566,848.83
Avg. Transaction (3M) 318.82
Change(12M) (6.28 %)
YTD (8.13 %)
Overview

SICO Saudi REIT has not made any changes to its capital since listing in 2018.

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2022 Private Offering   Cancelled - -
2017 IPO   572.40 -
Company Action

Financial Performance :

Financial Statements

Overview :

SICO Saudi REIT Fund was established in 2017 under the name "Al Masha'ar REIT Fund", as a Shariah-compliant closed-end real estate investment trust (REIT), with a capital of SAR 572.4 million, and was publicly listed on the Saudi Exchange in January 2018, with an initial real estate portfolio comprising 3 properties. SICO Capital serves as the fund manager. The fund aims to invest at least 75% of its total assets in a variety of income-generating real estate properties within th...
Profile


Financial Ratios :

Financial Ratio Current
Number of Units (Million) 57.24
Net Income/Unit ( Riyal) (1.85 )
Funds from operations/Unit ( Riyal) 0.06
Adjusted P/E (Last12) (X) Neg
Current Price/FFO (X) 75.96
Dividend Yield (%) (Last Year) 0.00
Price/book 0.94
Asset Growth (%) (19.57 )
Revenue Growth (%) (21.45 )
Net Income Growth (%) 31.01
Par Value ( Riyal) 10.00
Ratios


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