SEDCO Capital REIT Fund reported a net profit of SAR 1.8 million (SAR 0.03/unit) during the first half of 2020, compared to SAR 9.9 million in the year-earlier period, according to a bourse filing by SEDCO Capital, fund manager, on Monday.
Funds from operations (FFO) stood at SAR 17.7 million in H1 2020, compared to SAR 17.2 million in the same period last year.
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Rental Income | 37.75 | 37.50 | (0.7 %) |
| Funds from Operations(FFO) | 17.15 | 17.68 | 3.1 % |
| Net Income | 9.92 | 1.78 | (82.1 %) |
| No of shares | 60.00 | 60.00 | - |
| Operating EPS (Riyals) | 0.29 | 0.29 | 3.1 % |
| EPS (Riyals) | 0.17 | 0.03 | (82.1 %) |
| Item | 6m 2019 | 6m 2020 | Change |
|---|---|---|---|
| Total Assets | 1,168.23 | 1,050.45 | (10.1 %) |
| Total Debt | 499.08 | 487.86 | (2.2 %) |
| Net assets attributable to the Unitholders Item | 569.10 | 554.15 | (2.6 %) |
| Market value of net assets | 592.24 | 577.78 | (2.4 %) |
Net asset value (NAV) stood at SAR 554.15 million, while the NAV per unit reached SAR 9.24 during the six-month period.
The market value of assets reached SAR 577.78 million in H1 2020, while the per unit market value stood at SAR 9.63.
The number of issued units totalled 60 million, with a yield of 3.22%.
Total expenses and fees for the period stood at SAR 35.72 million.
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