Financial Results : Al Maather REIT posts SAR 22M FFO, SAR 19.7M profit in H1 2025

Al Maather REIT posts SAR 22M FFO, SAR 19.7M profit in H1 2025

11/08/2025 Argaam Exclusive

View other reports

Al Maather REIT Fund reported a marginal decline in funds from operations (FFO) to nearly SAR 22 million (SAR 0.36 per unit) in H1 2025, compared to SAR 22.1 million (SAR 0.36 per unit) in H1 2024.

 

The fund posted an annual net income of SAR 19.7 million (SAR 0.32 per unit), marking a 12% decline from SAR 22.5 million (SAR 0.37 per unit) in H1 2024.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Rental Income 31.43 32.71 4.1 %
Funds from Operations(FFO) 22.09 22.02 (0.3 %)
Net Income 22.49 19.73 (12.3 %)
No of shares 61.37 61.37 -
Earnings Per Share before unusual items (Riyals) 0.37 0.32 (12.3 %)
Operating EPS (Riyal) 0.36 0.36 (0.3 %)
EPS (Riyal) 0.37 0.32 (12.3 %)

The profit decline was attributed to a reversal of impairment on investment properties of SAR 6.6 million, from SAR 9.1 million in H1 2024.

 

The fund reported an increase in other expenses to SAR 1.6 million, from SAR 815,900 in the first half of 2024. On the other hand, the rental income rose 4% year-on-year.



Balance Sheet (Million)

Item 6m 2024 6m 2025 Change‬
Total Assets 741.61 732.91 (1.2 %)
Total Debt 199.77 199.05 (0.4 %)
Net assets attributable to the Unitholders Item 515.93 513.15 (0.5 %)
Market value of net assets 658.73 690.00 4.7 %

The net asset value attributable to the unitholders at cost stood at SAR 8.36 per unit, while net assets attributable to each unit based on fair valuation reached SAR 11.24.

 

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.