Financial Results : Bonyan REIT logs SAR 65.4M FFO, SAR 54.8M profit in H1 2025

Bonyan REIT logs SAR 65.4M FFO, SAR 54.8M profit in H1 2025

10/08/2025 Argaam Exclusive

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Bonyan REIT Fund reported a net profit of SAR 54.8 million (SAR 0.34 per unit) for H1 2025, down 4% from SAR 57.1 million (SAR 0.35 per unit) a year earlier.



Financials (M)

Item 6m 2024 6m 2025 Change‬
Rental Income 131.29 134.45 2.4 %
Funds from Operations(FFO) 65.21 65.36 0.2 %
Net Income 57.08 54.76 (4.1 %)
No of shares 162.88 162.88 -
Earnings Per Share before unusual items (Riyals) 0.35 0.34 (4.1 %)
Operating EPS (Riyal) 0.40 0.40 0.2 %
EPS (Riyal) 0.35 0.34 (4.1 %)

Funds from operations (FFO) stood at SAR 65.4 million (SAR 0.40 per unit) for the six-month period, compared to SAR 65.2 million (SAR 0.40 per unit) in H1 2024. Rental income rose 2% to SAR 134.5 million, from SAR 131.8 million in the year-earlier period.

Other income surged to SAR 8.3 million from SAR 0.44 million, while property management, administrative and other expenses declined.

 

This came despite a 61% increase in financing costs, lower Murabaha deposit income of SAR 520,000 versus SAR 1.3 million a year earlier, a 17% rise in investment property depreciation, and a drop in reversal of impairment on property and equipment to SAR 740,000 from SAR 6.5 million.



Balance Sheet (Million)

Item 6m 2024 6m 2025 Change‬
Total Assets 2,006.02 2,113.54 5.4 %
Total Debt 498.33 638.21 28.1 %
Net assets attributable to the Unitholders Item 1,387.67 1,358.14 (2.1 %)
Market value of net assets 2,065.02 2,233.86 8.2 %

Net asset value (NAV) stood at SAR 1.35 billion as of June 30, 2025, with a net book value per unit of SAR 8.34.

 

The market value of assets reached SAR 2.23 billion, with a market value per unit of SAR 13.71.

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