Al Maather REIT posts SAR 21 mln operating profit in H1 2019

04/07/2019 Argaam

Al Maather REIT posted an operating profit of SAR 21.41 million for H1 2019, according to a bourse filing.

 

Net asset value hit SAR 587.7 million, the statement added.

 

The net book value of the fund's assets stood at SAR 9.58/unit at the end of June 2019.

 

Total direct expenses reached SAR 4.2 million, while depreciation and usufruct contracts amortization amounted to SAR 7.04 million for the same period.

 

Income Statement

Change %

H1 2019

H1 2018

Period

(% 1)

25.61

25.89

Rental revenue (SAR mln)

(% 28)

(4.20)

(5.87)

OPEX (SAR mln)

+7%

21.41

20.03

Net operating income (SAR mln)

+7%

0.35

0.33

Operating profit per unit  (SAR/unit)

+5%

14.36

13.69

Net Income (SAR mln)

--

61.37

61.37

Number of units

+5%

0.23

0.22

Net profit/ unit

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