Financial Results : AlJazira REIT makes SAR 2.7M FFO, SAR 5M profits in H1 2025

AlJazira REIT makes SAR 2.7M FFO, SAR 5M profits in H1 2025

11/08/2025 Argaam Exclusive

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AlJazira REIT Fund recorded lower earnings of SAR 5 million (SAR 0.42 a unit) in H1 2025, marking a 4% fall from SAR 5.2 million (SAR 0.44 per unit) in the year-earlier period.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Rental Income 3.08 3.41 10.6 %
Funds from Operations(FFO) 2.33 2.68 15.1 %
Net Income 5.17 4.97 (3.8 %)
No of shares 11.80 11.80 -
Earnings Per Share before unusual items (Riyals) 0.44 0.42 (3.8 %)
Operating EPS (Riyal) 0.20 0.23 15.1 %
EPS (Riyal) 0.44 0.42 (3.8 %)


Balance Sheet (Million)

Item 6m 2024 6m 2025 Change‬
Total Assets 94.77 93.15 (1.7 %)
Net assets attributable to the Unitholders Item 93.18 91.28 (2.0 %)
Market value of net assets 93.78 94.13 0.4 %

However, its funds from operations (FFO) grew to SAR 2.7 million (SAR 0.23 per unit) for the same period, versus SAR 2.3 million (SAR 0.2 apiece) in H1 2024.

 

The six-month profit slump came despite the 11% annual hike in the fund’s rental income to SAR 3.4 million for the same period.

 

In addition, AlJazira REIT witnessed a 3% decrease in expenses, albeit other expenses soared by the end of H1 2025.

The fund’s net book value per unit reached SAR 7.74, while the market value of assets per unit amounted to SAR 7.89.

 

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