Taleem REIT Fund said its funds from operations (FFO) rose 9% to SAR 20.6 million, or SAR 0.40 per unit, in H1 2025 from SAR 18.8 million, or SAR 0.37 per unit, in H1 2024.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Rental Income | 33.19 | 33.43 | 0.7 % |
Funds from Operations(FFO) | 18.85 | 20.55 | 9.0 % |
Net Income | 15.49 | 17.11 | 10.4 % |
No of shares | 51.00 | 51.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.30 | 0.34 | 10.4 % |
Operating EPS (Riyal) | 0.37 | 0.40 | 9.0 % |
EPS (Riyal) | 0.30 | 0.34 | 10.4 % |
The profit growth was attributed to higher revenue from gains on financial assets and other income, along with lower management fees, other expenses, and financing costs.
Item | 6m 2024 | 6m 2025 | Change |
---|---|---|---|
Total Assets | 857.25 | 852.57 | (0.5 %) |
Total Debt | 297.63 | 297.18 | (0.2 %) |
Net assets attributable to the Unitholders Item | 548.98 | 550.48 | 0.3 % |
Market value of net assets | 791.05 | 818.80 | 3.5 % |
Net asset value (NAV) stood at SAR 550.47 million by the end of the current period, while net book value per unit reached SAR 10.79.
The market value of assets stood at SAR 818.8 million by the end of the six-month period, with a market value per unit at SAR 16.06.
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