Taleem REIT posts SAR 15.2 mln net profit, SAR 20.3 mln FFO in H1 2020
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Taleem REIT Fund posted a net profit of SAR 15.23 million (SAR 0.3 per unit) for the first half of 2020, a decrease of 21% from SAR 19.3 million a year earlier, on allocating SAR 3.1 million provision for real estate investment impairment.
Funds from operations (FFO) edged down to SAR 20.3 million in H1 2020, compared to SAR 20.4 million in the prior-year period, according to a bourse filing by Saudi Fransi Capital, the fund manager, on Tuesday.
Funds from Operations(FFO)
No of shares
Operating EPS (Riyals)
Net asset value stood at SAR 539.32 million in H1 2020, while NAV per value reached SAR 10.57.
Net asset book value came in at SAR 529.76 million in the six-month period, hitting SAR 10.39 per unit.
Total expenses and fees for the period stood at SAR 7.56 million.