MEFIC REIT Fund posted SAR 752.25 million net asset value (NAV) for the fourth quarter of 2019, according to a bourse filing to Tadawul on Tuesday.

 

Income Statement (Q4 2019)

Fund size (SAR mln)

1230.00

Total capital after IPO  (SAR mln)

732.77

Number of units (mln)

73.28

Nominal value per unit (SAR)

10.00

NAV (SAR mln)

752.25

NAV per unit (SAR)

10.27

REIT’s portfolio value per book value (SAR mln)

1181.81

REIT’s portfolio value per fair value (SAR mln)

1212.77

Total income after excluding all exceptional items (SAR mln)*

37.33

 

According to the latest financial results ended on Dec. 31, 2019.

 

Financial Indicators of Q4 2019

Percentage of expenses to total rental income

12.82%

Percentage of expenses to total assets

0.9%

Percentage of debt to total assets

25%

Rental income for period on unit price*

31%

Occupancy rate

90.35%

*Unit price as of December 31, 2019 was SAR 7.85.

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