AlAhli REIT Fund (1) reported a net profit of SAR 1.6 million (SAR 0.01/unit) during the first half of 2020, compared to SAR 30.7 million in the year-earlier period, NCB Capital, fund manager, said in a bourse filing on Wednesday.
Funds from operations (FFO) stood at SAR 29.7 million in H1 2020, compared to SAR 40.9 million in the same period last year.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Rental Income | 70.41 | 63.07 | (10.4 %) |
| Funds from Operations(FFO) | 40.85 | 29.69 | (27.3 %) |
| Net Income | 30.74 | 1.62 | (94.7 %) |
| No of shares | 137.50 | 137.50 | - |
| Operating EPS (Riyals) | 0.30 | 0.22 | (27.3 %) |
| EPS (Riyals) | 0.22 | 0.01 | (94.7 %) |
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Total Assets | 1,430.55 | 1,905.15 | 33.2 % |
| Total Debt | - | 501.63 | - |
| Net assets attributable to the Unitholders Item | 1,383.02 | 1,324.56 | (4.2 %) |
| Market value of net assets | 1,379.00 | 1,318.00 | (4.4 %) |
Net asset value (NAV) stood at SAR 1.32 billion, while the NAV per unit reached SAR 9.63 during the six months.
The number of issued units totaled 137.5 million, with a yield of 0.12%.
Total expenses and fees for the period stood at SAR 61.7 million.
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