Swicorp Wabel REIT posts SAR 9.4 mln FFO, SAR 9.2 mln net profit in Q4 2020
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Logo of Swicorp Wabel REIT Fund
Swicorp Wabel REIT Fund reported a net profit of SAR 9.2. mln (SAR 0.08/unit) for Q4 2020, compared to SAR 2.5 million a year earlier, Swicorp, the fund manager, said in a bourse statement today, Jan. 14, 2021.
Funds from operations (FFO) reached SAR 9.4 million during the three-month period, compared to SAR 11.9 million in Q4 2019.
Income Statement (SAR mln)
Funds from Operations (FFO)
Number of units (mln)
FFO per unit (SAR)
Earnings per unit (SAR)
*Includes media revenue of SAR 3 mln for Q4 2020
The increase in the fund’s net profit was driven by impairment reversal of SAR 7.2 million during the period.