Al Rajhi Capital announces the Interim financial statements of Al Rajhi REIT Fund for the period 1st January 2020 to 30th June 2020
Al Rajhi Capital announces the Interim financial statements of Al Rajhi REIT Fund, for the period 1st January 2020 to 30th June 2020. The results are summarized below:
- Total Income: SAR 86,055,067
- Total Fees & Expenses: SAR 45,219,309
- Profit for the period before impairment: SAR 40,835,759
- Provision of Impairment on Investment Properties: SAR (58,493,639)
- Net Profit (Loss) for the period after impairment: SAR (17,657,880)
- Net Asset Value: SAR 1,526,791,307
- No. of Units: 161,856,857 units
- Net Asset Value per Unit: SAR 9.76 (fair value)
- Total Dividends: SAR 45,319,919.96
- Dividend per unit: SAR 0.28
- Annualized Dividend Yield at par value: 5.6%.
Notes related to Financials:
- Total Fees & Expenses include an amount in relation to profit on outstanding loan facility
- Funds from Operations (FFO) amounts to SAR 55,228,105 for the period ended 30th June 2020; equivalent to SAR 0.34 per unit
- Annualized Dividend Yield has been calculated on the par value
- Total dividends paid are for the period 1st Jan 2020 to 30th June 2020
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