Alinma Retail REIT posts SAR 22.3M FFO, SAR 27M net loss in H1 2026

Alinma Retail REIT Fund reported funds from operations (FFO) of SAR 22.3 million (SAR 0.20 per unit) for H1 2026, compared with SAR 22.4 million (SAR 0.19 per unit) in the year-earlier period.

Meanwhile, the fund recorded net losses of SAR 27 million, or SAR 0.24 per unit, by the end of H1 2026, compared with net earnings of SAR 3.2 million (SAR 0.03 per unit) in H1 2025. The fund attributed the loss to a net loss of SAR 16.9 million from the disposal of investment properties following the sale of Tabuk Mall.

In addition, a credit loss provision of SAR 5.3 million was recorded, compared with a reversal of SAR 5.7 million in the year-earlier period. This was coupled with a 20% year-on-year (YoY) increase in the impairment provision for investment properties to SAR 8.7 million, as well as higher management and property manager fees.

This was partially offset by higher revenues, which reached SAR 53.7 million, compared with SAR 51.7 million in H1 2025, and lower depreciation expense of SAR 18.7 million versus SAR 19.2 million.

As of June 30, 2026, the net book value per unit stood at SAR 6.2, while the market value of net assets per unit reached SAR 7.4. During the period, the fund repurchased 4.09 million of its units for a total consideration of SAR 19.4 million.