Financial Results : Alkhabeer REIT reports SAR 59M FFO, SAR 37.5M profit in 2025

Alkhabeer REIT reports SAR 59M FFO, SAR 37.5M profit in 2025

30/03/2026 Argaam Exclusive

View other reports

Alkhabeer REIT Fund posted lower earnings of SAR 37.5 million (SAR 0.27 per unit) in 2025, compared with SAR 59.3 million (SAR 0.42 per unit) in the year-ago period.

 

Meanwhile, its funds from operations (FFO) fell to about SAR 59 million (SAR 0.42 a unit) in 2025, compared to SAR 62.4 million (SAR 0.44 a unit) in 2024.



Financials (M)

Item 2024 2025 Change‬
Rental Income 129.36 135.06 4.4 %
Funds from Operations(FFO) 62.38 58.97 (5.5 %)
Net Income 59.34 37.47 (36.9 %)
No of shares 141.01 141.01 -
Earnings Per Share before unusual items (Riyals) 0.26 0.15 (43.9 %)
Operating EPS (Riyal) 0.44 0.42 (5.5 %)
EPS (Riyal) 0.42 0.27 (36.9 %)

The comparable period in 2024 included exceptional gains from the sale of the B&Q – formerly Home Works Center - amounting to SAR 22.2 million, compared with gains of SAR 2.7 million from the sale of Ahla Court property in the current year. It also included a reversal of impairment on investment properties of SAR 17 million in 2024, versus SAR 1.9 million in 2025.

 

Financing costs rose 28% year-on-year (YoY), as net gains from the settlement of interest rate swap instruments declined in 2025. This indicates that the positive impact of hedging contracts on interest rates was lower than in the previous year, contributing less to reducing financing costs. As a result, the impact of higher interest on borrowings and financial obligations became more pronounced in the income statement.

 

This came despite recording exceptional gains of SAR 14 million as compensation for the early termination of a lease contract at the tenant’s request, as well as a 4% increase in rental income, with seven of the fund’s properties achieving 100% occupancy.



Interim Comparasion (M)

Compared With The
Item H2 2024 H2 2025 Change‬
Rental Income 63.11 63.57 0.7 %
Funds from Operations(FFO) 28.76 24.28 (15.6 %)
Net Income 11.78 19.54 65.8 %
No of shares 141.01 141.01 -
Operating EPS (Riyal) 0.20 0.17 (15.6 %)
EPS (Riyal) 0.08 0.14 65.8 %

Balance Sheet (Million)

Item 2024 2025 Change‬
Total Assets 1,859.52 1,688.75 (9.2 %)
Total Debt 751.49 600.61 (20.1 %)
Net assets attributable to the Unitholders Item 1,045.72 1,023.97 (2.1 %)
Market value of net assets 1,222.58 1,245.99 1.9 %

The net book value of assets attributable to the unit stood at SAR 7.26, while the market value of assets attributable to the unit reached SAR 8.84.

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.