Alistithmar REIT posts SAR 7.4M FFO loss from September to December 2024, SAR 22M net loss

27/03/2025 Argaam
Logo ofAlistithmar AREIC Diversified REIT Fund

Logo of Alistithmar AREIC Diversified REIT Fund

Alistithmar AREIC Diversified REIT Fund reported net losses of SAR 22 million (SAR -0.36 per unit) for the period from September to December 2024.

 

Funds from operations (FFO) loss amounted to SAR 7.4 million (SAR -0.12 per unit) during this period.

 

Financial Results (SAR mln)

From Sept. 4, 2024 to Dec. 31, 2024

Item

50.46

Rental Income

(7.38)

FFO

(22.01)

Net Profit

60.5

Number of Units

(0.12)

FFO per Unit (SAR)

(0.36)

Profit per Unit (SAR)
 

The fund recorded rental income of SAR 50.5 million and management fees of SAR 2.2 million riyals, in addition to depreciation of real estate investments at SAR 16.1 million.

 

Balance Sheet (SAR mln)

 

Item

2024

Assets

1241.15

Loans

630.72

Net assets attributable to unitholders

582.99

Net assets at market value

713.27

 

Net book value of assets amounted to SAR 582.99 million at the end of 2024, with a net book value per unit of SAR 9.64.

 

Market value of net assets reached SAR 713.3 million, with a market value per unit of SAR 11.79.

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