AlAhli REIT Fund (1) posts FFO of SAR 101.4 mln, net profit of SAR 75.4 mln in 2021

31/03/2022 Argaam Exclusive

View other reports

Share Price

AlAhli REIT Fund 1
8.02
(0.06) (0.74 %)

AlAhli REIT Fund 1 (ALAHLI REIT 1)

More

AlAhli REIT Fund (1) posted a net profit of SAR 75.4 million (SAR 0.55 per unit) for 2021, compared to SAR 14.7 million a year earlier.

 

Funds from operations (FFO) amounted to SAR 101.4 million in 2021, compared with SAR 63.6 million in 2020.



Financials (M)

Item 2020 2021 Change‬
Rental Income 141.31 183.41 29.8 %
Funds from Operations(FFO) 63.62 101.37 59.3 %
Net Income 14.72 75.42 412.2 %
No of shares 137.50 137.50 -
Operating EPS (Riyals) 0.46 0.74 59.3 %
EPS (Riyals) 0.11 0.55 412.2 %

The profit was attributed to higher property revenue and a decline in operating expenses.

 

This was offset by higher management fees, and financing charges.



Interim Comparasion (M)

Compared With The
Item 2020 2021 Change‬
Rental Income 78.24 94.89 21.3 %
Funds from Operations(FFO) 33.92 51.44 51.6 %
Net Income 13.10 38.26 192.0 %
No of shares 137.50 137.50 -
Operating EPS (Riyals) 0.25 0.37 51.6 %
EPS (Riyals) 0.10 0.28 192.0 %

Balance Sheet (Million)

Item 2020 2021 Change‬
Total Assets 1,903.40 1,936.75 1.8 %
Total Debt 515.00 558.73 8.5 %
Net assets attributable to the Unitholders Item 1,320.47 1,303.08 (1.3 %)
Market value of net assets 1,361.35 1,332.05 (2.2 %)

Net asset value (NAV) in 2021 stood at SAR 1.303 billion, while net book value per unit reached SAR 9.5.

 

The full-year market value of assets stood at SAR 1.332 billion, with market value per unit at SAR 9.69.

 

View more financial results

 

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.