Financial Results : Riyad REIT logs SAR 4.1M FFO, SAR 25.9M loss in H1 2025

Riyad REIT logs SAR 4.1M FFO, SAR 25.9M loss in H1 2025

11/08/2025 Argaam Exclusive

View other reports

Riyad REIT Fund reported funds from operations (FFO) of SAR 4.1 million (SAR 0.02 per unit) for H1 2025, down from SAR 25.3 million (SAR 0.15 per unit) a year earlier.

 

The fund posted a net loss of SAR 25.9 million (SAR -0.15 per unit) for the six-month period, compared to a net profit of SAR 6 million (SAR 0.03 per unit) in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Rental Income 132.52 121.20 (8.5 %)
Funds from Operations(FFO) 25.26 4.11 (83.7 %)
Net Income 5.97 (25.88) (533.8 %)
No of shares 171.70 171.70 0.0 %
Earnings Per Share before unusual items (Riyals) 0.03 (0.15) (533.8 %)
Operating EPS (Riyal) 0.15 0.02 (83.7 %)
EPS (Riyal) 0.03 (0.15) (533.8 %)

This was mainly due to a 9% year-on-year (YoY) drop in rental income to SAR 121.2 million, a wider expected credit loss provision of SAR 20.1 million in H1 2025 versus SAR 2.4 million a year earlier, lower gains on investments measured at fair value of SAR 3.5 million against SAR 20.6 million in H1 2024, and higher financing costs.

 

This came despite a SAR 6.6 million reversal of impairment on investment properties in H1 2025, against none a year earlier.

 

In addition, during the first six months of 2025, Riyad REIT incurred lower fund and property management fees, reduced general and administrative expenses, and higher other income.



Balance Sheet (Million)

Item 6m 2024 6m 2025 Change‬
Total Assets 3,013.61 2,709.55 (10.1 %)
Total Debt 1,436.08 1,375.48 (4.2 %)
Net assets attributable to the Unitholders Item 1,447.32 1,175.00 (18.8 %)
Market value of net assets 1,909.58 1,771.58 (7.2 %)

The fund’s net book value per unit stood at SAR 6.84, while the market value of assets per unit reached SAR 10.32.

 

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.