Financial Results : Bonyan REIT logs SAR 137.6M FFO, SAR 103.7M profit in 2025

Bonyan REIT logs SAR 137.6M FFO, SAR 103.7M profit in 2025

31/03/2026 Argaam Exclusive

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Bonyan REIT Fund reported funds from operations (FFO) of SAR 137.6 million (SAR 0.84 per unit) for 2025, up 17% from SAR 117.2 million (SAR 0.72 per unit) last year



Financials (M)

Item 2024 2025 Change‬
Rental Income 248.49 278.10 11.9 %
Funds from Operations(FFO) 117.21 137.59 17.4 %
Net Income 88.44 103.69 17.3 %
No of shares 162.88 162.88 -
Earnings Per Share before unusual items (Riyals) 0.54 0.64 17.3 %
Operating EPS (Riyal) 0.72 0.84 17.4 %
EPS (Riyal) 0.54 0.64 17.3 %

Net profit rose to SAR 103.7 million (SAR 0.64 per unit) by the end of 2025, representing a 17% increase compared with SAR 88.4 million (SAR 0.54 per unit) in 2024.

 

The annual profit increase was mainly driven by a 12% YoY rise in rental income to reach SAR 278.1 million in 2025, supported by a 17% jump in income from investment properties compared to the same period last year.

 

In addition, property management expenses, management fees, and other related costs declined in 2025.



Interim Comparasion (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Rental Income 117.20 143.65 22.6 %
Funds from Operations(FFO) 52.01 72.23 38.9 %
Net Income 31.36 48.94 56.1 %
No of shares 162.88 162.88 -
Operating EPS (Riyal) 0.32 0.44 38.9 %
EPS (Riyal) 0.19 0.30 56.1 %

Balance Sheet (Million)

Item 2024 2025 Change‬
Total Assets 2,142.96 2,103.33 (1.8 %)
Total Debt 638.32 638.14 0.0 %
Net assets attributable to the Unitholders Item 1,363.65 1,341.92 (1.6 %)
Market value of net assets 2,181.55 2,144.55 (1.7 %)

Depreciation of property and equipment, as well as amortization of intangible assets, also decreased in the same year.

 

Net book value per unit stood at SAR 8.23, while the market value per unit reached SAR 13.16 as of December 2025.

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