Alinma Hospitality REIT Fund posted a net profit fall of 1% to SAR 24.2 million (SAR 0.24 per unit) in H1 2025, from SAR 24.3 million in the corresponding period of 2024.
Funds from operations (FFO) slipped to nearly SAR 32.9 million (SAR 0.32 per unit) in the six-month period, from SAR 33.2 million in H1 2024.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Rental Income | 37.10 | 36.90 | (0.5 %) |
Funds from Operations(FFO) | 33.24 | 32.93 | (0.9 %) |
Net Income | 24.30 | 24.17 | (0.5 %) |
No of shares | 102.00 | 102.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.24 | 0.24 | (0.5 %) |
Operating EPS (Riyal) | 0.33 | 0.32 | (0.9 %) |
EPS (Riyal) | 0.24 | 0.24 | (0.5 %) |
Revenue from investment properties decreased to SAR 36.9 million during the current period, compared to SAR 37.1 million in the same period last year.
Additionally, no special commission income was recorded during the current period, compared to SAR 398,000 in the corresponding period of the previous year.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Total Assets | 1,052.83 | 1,040.84 | (1.1 %) |
Net assets attributable to the Unitholders Item | 1,039.49 | 1,022.93 | (1.6 %) |
Market value of net assets | 1,097.83 | 1,122.25 | 2.2 % |
Other expenses rose to SAR 716,000, up from SAR 579,000 a year earlier.
On the other hand, income from financial assets at fair value increased to SAR 1.1 million in the current period, compared to SAR 513,000 in the corresponding period, while management fees declined.
Net asset value (NAV) stood at SAR 1.02 billion as of June 30, 2025, while the net book value (NBV) per unit reached SAR 10.03.
The market value of assets stood at SAR 1.12 billion by the end of H1 2025, with a market value per unit of SAR 11.
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