Alkhabeer REIT Fund reported SAR 59.5 million rental income in the first nine months of 2020, a rise of 19% year-on-year (YoY), the fund’s quarterly statement showed.
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Fund’s Quarterly Financials – SAR mln |
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Item |
9M 2019 |
9M 2020 |
Variation % |
|
Rental income (SAR) |
49.9 |
59.5 |
+19% |
In Q3 2020, the fund’s rental income grew by 8% to SAR 22.6 million, compared to SAR 20.8 million a year earlier.
On the other hand, rental income per unit decreased to 2.1% by the end of September, from 3.12% last year.
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Fund’s Quarterly Financials – SAR mln |
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|
Item |
Q3 2019 |
Q3 2020 |
Variation % |
|
Rental income (SAR) |
20.8 |
22.6 |
+8% |
|
Rental income per unit on Sept. 30 |
3.12% |
2.07% |
(1.1%) |
Alkhabeer’s total asset value rose by 64% from SAR 1.053 billion to SAR 1.724 billion by the end of September 2020, driven by the latest acquisitions.
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Key Performance Indicators (SAR mln) |
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|
Item |
September 2019 |
September 2020 |
Variation (%) |
|
Total asset value |
1053 |
1724.5 |
+64% |
|
Net asset value (NAV) |
681.3 |
910.8 |
+34% |
|
Expenses and fees to NAV |
0.22% |
0.23% |
-- |
|
Expenses to total asset value |
0.49% |
1.18% |
(0.7%) |
|
Cost to average NAV |
0.76% |
2.69% |
(1.69%) |
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