Alkhabeer REIT reports SAR 34.7M FFO, SAR 17.9M profits in H1 2025

11/08/2025 Argaam Exclusive

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Alkhabeer REIT Fund posted lower earnings of SAR 17.9 million (SAR 0.13 per unit) in H1 2025, marking a 62.3% slump from SAR 47.6 million (SAR 0.34 per unit) in the year-ago period.

 

Meanwhile, its funds from operations (FFO) grew to about SAR 34.7 million (SAR 0.25 a unit) for the same period, compared to SAR 33.6 million (SAR 0.24 a unit) in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Rental Income 66.25 71.49 7.9 %
Funds from Operations(FFO) 33.62 34.69 3.2 %
Net Income 47.55 17.93 (62.3 %)
No of shares 141.01 141.01 -
Earnings Per Share before unusual items (Riyals) 0.18 0.13 (29.2 %)
Operating EPS (Riyal) 0.24 0.25 3.2 %
EPS (Riyal) 0.34 0.13 (62.3 %)

The six-month profit decline was ascribed to a 13% year-on-year (YoY) hike in expenses to SAR 36.8 million by the end of H1 2025. This followed a YoY increase in financing costs to SAR 23.8 million for the same period, despite the pullback in fund management fees.

 

It is worth noting that the first half of 2024 constituted gains from the sale of real estate investments worth SAR 22.2 million, compared to none during the current period. This contributed to the annual uptick in the H1 2024 net profit.

 

On the other hand, the H1 2025 rental income from investment properties soared to SAR 71.5 million, versus SAR 66.2 million in the year before.



Balance Sheet (Million)

Item 6m 2024 6m 2025 Change‬
Total Assets 1,863.75 1,836.30 (1.5 %)
Total Debt 751.49 750.61 (0.1 %)
Net assets attributable to the Unitholders Item 1,063.55 1,034.04 (2.8 %)
Market value of net assets 1,225.61 1,240.47 1.2 %

Alkhabeer REIT’s net asset value (NAV) stood at SAR 1.03 billion as of June 30, 2025, while the net book value (NBV) per unit reached SAR 7.33.

 

During the same period, the market value of assets amounted to SAR 1.24 billion, with a market value per unit of SAR 8.79.

 

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Share Price

Alkhabeer REIT Fund
5.76
0.03 0.52 %

Alkhabeer REIT Fund (ALKHABEER REIT)

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Financial Ratios
Current
Number of Units (Million) 141.01
Net Income/Unit ( Riyal) 0.21
Funds from operations/Unit ( Riyal) 0.45
Par Value ( Riyal) 10.00
Price/book 0.79
Asset Growth (%) (1.47 )
Revenue Growth (%) 5.0
Net Income Growth (%) (54.64 )
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