Alwaha REIT posts SAR 8 mln FFO, SAR 7.6 mln net profit in H1 2023

14/08/2023 Argaam Exclusive

Content Summary:

Loading data...

Comments Analysis:

Positive: 0%
Neutral: 0%
Negative: 0%
Comments Summary:Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original sources for complete details and to verify the accuracy of the information.

Alwaha REIT Fund reported a net profit of SAR 7.6 million (SAR 0.51 per unit) for the period from Nov. 30, 2022, until June 30, 2023, Wasatah Capital, the fund manager, said in a statement to Tadawul.

 

Funds from operations (FFO) reached SAR 7.6 million during the same period.

During the current period, the fund reported revenues of SAR 10.6 million, management fees of SAR 919,000, in addition to recording depreciation on investment properties worth 648,000.



Balance Sheet (Million)

Item 6m 2022 6m 2023 Change‬
Total Assets - 162.92 -
Total Debt - - -
Net assets attributable to the Unitholders Item - 157.61 -
Market value of net assets - 173.19 -

Net asset value (NAV) stood at SAR 157.61 million as of June 30, 2023, while net book value per unit reached SAR 10.51.

 

The market value of assets stood at SAR 173.18 million as of June 30, 2023, with a market value per unit at SAR 11.55.

 

On Aug. 22, 2022, the Capital Market Authority (CMA) approved setting up the fund. Alwaha REIT units were listed on Oct. 13, 2022, while it officially started operations on Nov. 30, 2022.

 

View More Financial Results

 

View other reports

Share Price

Alwaha REIT Fund
12.96
0.00 0.00 %

Alwaha REIT Fund (ALWAHA REIT)

More


Financial Ratios
Current
Number of Units (Million) 15.00
Net Income/Unit ( Riyal) 0.77
Funds from operations/Unit ( Riyal) 0.82
Current Price/FFO (X) 15.84
Par Value ( Riyal) 10.00
Price/book 1.23
Asset Growth (%) (1.13 )
Revenue Growth (%) (3.33 )
Net Income Growth (%) (14.83 )
Adjusted P/E (Last12) (X) 16.76
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request