Alandalus Property Co. reported a net profit of SAR 49.5 million for the first quarter of 2017, a 99.4 percent jump from the same period last year, which the company attributed to higher rent revenue leading to increase in gross profit, lower financing costs, higher income from investments in associates, and a decrease in G&A expenses.
The profit for Q1 was up 100 percent compared to the previous quarter due to lower general and administrative expenses, along with reduced financing costs. Additionally, gains were recognized on disposal of investment land that was contributed as in-kind share in a new associate.
| Item | Q1 2016 | Q1 2017 | Change |
|---|---|---|---|
| Revenues | 31.69 | 32.70 | 3.2 % |
| Gross Income | 19.84 | 20.45 | 3.1 % |
| Operating Income | 16.93 | 17.69 | 4.5 % |
| Net Income | 24.80 | 49.45 | 99.4 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.27 | 0.53 | 99.4 % |
| Item | Q4 2016 | Q1 2017 | Change |
|---|---|---|---|
| Revenues | 33.62 | 32.70 | (2.7 %) |
| Gross Income | 20.98 | 20.45 | (2.5 %) |
| Operating Income | 17.58 | 17.69 | 0.6 % |
| Net Income | 15.81 | 49.45 | 212.9 % |
| Average Shares | 93.33 | 93.33 | - |
| EPS (Riyals) | 0.17 | 0.53 | 212.9 % |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| Q1 2008 | - | - | - | - | - | - | - |
| Q2 2008 | - | - | - | - | - | - | - |
| Q3 2008 | - | - | - | - | - | - | - |
| Q4 2008 | - | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - | - |
| Q1 2009 | - | - | - | - | - | - | - |
| Q2 2009 | - | - | - | - | - | - | - |
| Q3 2009 | - | - | - | - | - | - | - |
| Q4 2009 | - | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - | - |
| Q1 2010 | - | - | - | - | - | - | - |
| Q2 2010 | - | - | - | - | - | - | - |
| Q3 2010 | - | - | - | - | - | - | - |
| Q4 2010 | - | - | - | - | - | - | - |
| 2010 | - | - | - | - | - | - | - |
| Q1 2011 | - | - | - | - | - | - | - |
| Q2 2011 | - | - | - | - | - | - | - |
| Q3 2011 | - | - | - | - | - | - | - |
| Q4 2011 | - | - | - | - | - | - | - |
| 2011 | 85.14 | - | 60.14 | - | 89.13 | - | 0.95 |
| Q1 2012 | - | - | - | - | - | - | - |
| Q2 2012 | - | - | - | - | - | - | - |
| Q3 2012 | - | - | - | - | - | - | - |
| Q4 2012 | - | - | - | - | - | - | - |
| 2012 | 92.54 | 8.7 % | 65.68 | 9.2 % | 73.76 | (17.2 %) | 0.79 |
| Q1 2013 | - | - | - | - | - | - | - |
| Q2 2013 | - | - | - | - | - | - | - |
| Q3 2013 | - | - | - | - | - | - | - |
| Q4 2013 | - | - | - | - | - | - | - |
| 2013 | 97.08 | 4.9 % | 71.06 | 8.2 % | 85.56 | 16.0 % | 0.92 |
| Q1 2014 | 23.73 | - | 16.02 | - | 21.42 | - | 0.23 |
| Q2 2014 | 25.53 | - | 18.57 | - | 21.90 | - | 0.23 |
| Q3 2014 | 27.33 | - | 18.47 | - | 21.88 | - | 0.23 |
| Q4 2014 | 26.03 | - | 17.60 | - | 21.61 | - | 0.23 |
| 2014 | 102.61 | 5.7 % | 70.67 | (0.6 %) | 86.81 | 1.5 % | 0.93 |
| Q1 2015 | 29.58 | 24.7 % | 18.23 | 13.8 % | 23.55 | 10.0 % | 0.25 |
| Q2 2015 | 31.72 | 24.3 % | 20.42 | 10.0 % | 24.67 | 12.6 % | 0.26 |
| Q3 2015 | 33.06 | 21.0 % | 19.76 | 7.0 % | 24.18 | 10.5 % | 0.26 |
| Q4 2015 | 32.37 | 24.4 % | 16.66 | (5.4 %) | 21.68 | 0.3 % | 0.23 |
| 2015 | 126.73 | 23.5 % | 75.08 | 6.2 % | 94.07 | 8.4 % | 1.01 |
| Q1 2016 | 31.69 | 7.1 % | 19.84 | 8.8 % | 24.80 | 5.3 % | 0.27 |
| Q2 2016 | 32.06 | 1.1 % | 20.17 | (1.2 %) | 24.85 | 0.8 % | 0.27 |
| Q3 2016 | 34.30 | 3.8 % | 20.97 | 6.1 % | 26.37 | 9.1 % | 0.28 |
| Q4 2016 | 33.62 | 3.9 % | 20.98 | 25.9 % | 15.81 | (27.1 %) | 0.17 |
| 2016 | 131.67 | 3.9 % | 81.96 | 9.2 % | 91.82 | (2.4 %) | 0.98 |
| Q1 2017 | 32.70 | 3.2 % | 20.45 | 3.1 % | 49.45 | 99.4 % | 0.53 |
| Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
|---|---|---|---|---|---|---|---|
| 2007 | - | - | - | - | - | - | - |
| 2008 | - | - | - | - | - | - | - |
| 2009 | - | - | - | - | - | - | - |
| 2010 | - | - | - | - | - | - | - |
| 2011 | 85.14 | - | 60.14 | - | 89.13 | - | 0.95 |
| 2012 | 92.54 | 8.7 % | 65.68 | 9.2 % | 73.76 | (17.2 %) | 0.79 |
| 2013 | 97.08 | 4.9 % | 71.06 | 8.2 % | 85.56 | 16.0 % | 0.92 |
| 2014 | 102.61 | 5.7 % | 70.67 | (0.6 %) | 86.81 | 1.5 % | 0.93 |
| 2015 | 126.73 | 23.5 % | 75.08 | 6.2 % | 94.07 | 8.4 % | 1.01 |
| 2016 | 131.67 | 3.9 % | 81.96 | 9.2 % | 91.82 | (2.4 %) | 0.98 |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | - | - | - |
| 2011 | 70.63 % | 77.39 % | 104.68 % |
| Q1 2012 | - | - | - |
| Q2 2012 | - | - | - |
| Q3 2012 | - | - | - |
| Q4 2012 | - | - | - |
| 2012 | 70.97 % | 72.93 % | 79.71 % |
| Q1 2013 | - | - | - |
| Q2 2013 | - | - | - |
| Q3 2013 | - | - | - |
| Q4 2013 | - | - | - |
| 2013 | 73.20 % | 75.82 % | 88.13 % |
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | 68.87 % | 70.94 % | 84.60 % |
| 2014 | 68.87 % | 70.94 % | 84.60 % |
| Q1 2015 | 67.19 % | 69.22 % | 82.01 % |
| Q2 2015 | 65.18 % | 67.95 % | 79.99 % |
| Q3 2015 | 63.15 % | 66.03 % | 78.09 % |
| Q4 2015 | 59.24 % | 61.65 % | 74.23 % |
| 2015 | 59.24 % | 61.70 % | 74.23 % |
| Q1 2016 | 59.52 % | 61.03 % | 73.99 % |
| Q2 2016 | 59.17 % | 59.81 % | 73.93 % |
| Q3 2016 | 59.53 % | 59.73 % | 74.91 % |
| Q4 2016 | 62.25 % | 60.32 % | 69.74 % |
| 2016 | 62.25 % | 60.32 % | 69.74 % |
| Q1 2017 | 62.23 % | 60.30 % | 70.49 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | 70.63 % | 77.39 % | 104.68 % |
| 2012 | 70.97 % | 72.93 % | 79.71 % |
| 2013 | 73.20 % | 75.82 % | 88.13 % |
| 2014 | 68.87 % | 70.94 % | 84.60 % |
| 2015 | 59.24 % | 61.70 % | 74.23 % |
| 2016 | 62.25 % | 60.32 % | 69.74 % |
| Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | - | - | - |
| Q1 2012 | - | - | - |
| Q2 2012 | - | - | - |
| Q3 2012 | - | - | - |
| Q4 2012 | - | - | - |
| Q1 2013 | - | - | - |
| Q2 2013 | - | - | - |
| Q3 2013 | - | - | - |
| Q4 2013 | - | - | - |
| Q1 2014 | 67.52 % | 72.02 % | 90.25 % |
| Q2 2014 | 72.75 % | 73.02 % | 85.79 % |
| Q3 2014 | 67.59 % | 68.17 % | 80.06 % |
| Q4 2014 | 67.64 % | 70.81 % | 83.05 % |
| Q1 2015 | 61.62 % | 65.51 % | 79.62 % |
| Q2 2015 | 64.39 % | 67.68 % | 77.77 % |
| Q3 2015 | 59.78 % | 61.14 % | 73.13 % |
| Q4 2015 | 51.48 % | 52.74 % | 66.97 % |
| Q1 2016 | 62.61 % | 62.72 % | 78.25 % |
| Q2 2016 | 62.91 % | 62.70 % | 77.51 % |
| Q3 2016 | 61.13 % | 60.79 % | 76.88 % |
| Q4 2016 | 62.41 % | 55.31 % | 47.01 % |
| Q1 2017 | 62.54 % | 62.59 % | 81.06 % |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| Q1 2008 | - | - | - | - |
| Q2 2008 | - | - | - | - |
| Q3 2008 | - | - | - | - |
| Q4 2008 | - | - | - | - |
| Q1 2009 | - | - | - | - |
| Q2 2009 | - | - | - | - |
| Q3 2009 | - | - | - | - |
| Q4 2009 | - | - | - | - |
| Q1 2010 | - | - | - | - |
| Q2 2010 | - | - | - | - |
| Q3 2010 | - | - | - | - |
| Q4 2010 | - | - | - | - |
| Q1 2011 | - | - | - | - |
| Q2 2011 | - | - | - | - |
| Q3 2011 | - | - | - | - |
| Q4 2011 | - | - | - | - |
| Q1 2012 | - | - | - | - |
| Q2 2012 | - | - | - | - |
| Q3 2012 | - | - | - | - |
| Q4 2012 | - | - | - | - |
| Q1 2013 | - | - | - | - |
| Q2 2013 | - | - | - | - |
| Q3 2013 | - | - | - | - |
| Q4 2013 | - | - | - | - |
| Q1 2014 | 93.33 | - | - | 7.70 |
| Q2 2014 | 93.33 | - | - | 7.94 |
| Q3 2014 | 93.33 | - | - | 8.17 |
| Q4 2014 | 93.33 | 0.93 | 0.93 | 8.40 |
| Q1 2015 | 93.33 | 0.95 | 0.95 | 8.65 |
| Q2 2015 | 93.33 | 0.98 | 0.98 | 8.92 |
| Q3 2015 | 93.33 | 1.01 | 1.01 | 9.18 |
| Q4 2015 | 93.33 | 1.01 | 1.01 | 9.41 |
| Q1 2016 | 93.33 | 1.02 | 1.02 | 9.19 |
| Q2 2016 | 93.33 | 1.02 | 1.02 | 9.08 |
| Q3 2016 | 93.33 | 1.05 | 1.05 | 9.37 |
| Q4 2016 | 93.33 | 0.98 | 0.98 | 9.54 |
| Q1 2017 | 93.33 | 1.25 | 1.00 | 10.07 |
| Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
|---|---|---|---|---|
| 2007 | - | - | - | - |
| 2008 | - | - | - | - |
| 2009 | - | - | - | - |
| 2010 | - | - | - | - |
| 2011 | 93.33 | 0.95 | 0.95 | 5.76 |
| 2012 | 93.33 | 0.79 | 0.79 | 6.55 |
| 2013 | 93.33 | 0.92 | 0.92 | 7.47 |
| 2014 | 93.33 | 0.93 | 0.93 | 8.40 |
| 2015 | 93.33 | 1.01 | 1.01 | 9.41 |
| 2016 | 93.33 | 0.98 | 0.98 | 9.54 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| Q1 2008 | - | - | - |
| Q2 2008 | - | - | - |
| Q3 2008 | - | - | - |
| Q4 2008 | - | - | - |
| Q1 2009 | - | - | - |
| Q2 2009 | - | - | - |
| Q3 2009 | - | - | - |
| Q4 2009 | - | - | - |
| Q1 2010 | - | - | - |
| Q2 2010 | - | - | - |
| Q3 2010 | - | - | - |
| Q4 2010 | - | - | - |
| Q1 2011 | - | - | - |
| Q2 2011 | - | - | - |
| Q3 2011 | - | - | - |
| Q4 2011 | - | - | - |
| Q1 2012 | - | - | - |
| Q2 2012 | - | - | - |
| Q3 2012 | - | - | - |
| Q4 2012 | - | - | - |
| Q1 2013 | - | - | - |
| Q2 2013 | - | - | - |
| Q3 2013 | - | - | - |
| Q4 2013 | - | - | - |
| Q1 2014 | - | - | - |
| Q2 2014 | - | - | - |
| Q3 2014 | - | - | - |
| Q4 2014 | - | - | - |
| Q1 2015 | - | - | - |
| Q2 2015 | - | - | - |
| Q3 2015 | - | - | - |
| Q4 2015 | - | - | - |
| Q1 2016 | 15.43 | 15.43 | 1.71 |
| Q2 2016 | 14.79 | 14.79 | 1.67 |
| Q3 2016 | 10.83 | 10.83 | 1.21 |
| Q4 2016 | 14.97 | 14.97 | 1.54 |
| Q1 2017 | 11.26 | 14.03 | 1.40 |
| Period | P/E | Adjusted P/E | Price/book |
|---|---|---|---|
| 2007 | - | - | - |
| 2008 | - | - | - |
| 2009 | - | - | - |
| 2010 | - | - | - |
| 2011 | - | - | - |
| 2012 | - | - | - |
| 2013 | - | - | - |
| 2014 | - | - | - |
| 2015 | - | - | - |
| 2016 | 14.97 | 14.97 | 1.54 |
Q1 2017
2017
| Period | Retail sector | Hospitality sector | Office sector | Other activities |
|---|---|---|---|---|
| Q1 2016 | 31.54 | - | 0.26 | - |
| Q2 2016 | 32.10 | - | 0.26 | - |
| Q3 2016 | 33.64 | - | 0.26 | - |
| Q4 2016 | 33.36 | - | 0.26 | - |
| Q1 2017 | 32.44 | - | 0.26 | 0.22 |
| Period | Retail sector | Hospitality sector | Office sector | Other activities |
|---|---|---|---|---|
| 2016 | 130.64 | - | 1.03 | - |
| Item | Q1 2017 (e) | Q1 2017 (a) | Change |
|---|---|---|---|
| Average | 23.60 | 49.45 | 109.52 % |
| Item | Q1 2017 (e) | Q1 2017 (a) | Change |
|---|---|---|---|
| OSOOL AND BAKHEET | 23.60 | 49.45 | 109.5 % |
| Current | |
| Market Cap (M Riyal) | 2,333.25 |
| Enterprise Value (EV) (M) | 3,161.61 |
| Shares Outstanding ((M)) | 93.33 |
| EPS ( Riyal) (TTM) | 0.29 |
| Book Value (BV) ( Riyal) | 11.29 |
| Par Value ( Riyal) | 10.00 |
| Adjusted P/E (Last12) | More than 100 |
| P/E (TTM) | More than 100 |
| Price/book | 2.22 |
| Return on Average Assets (%) (TTM) | 1.2 |
| Return on Average Equity (%) (TTM) | 2.5 |
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