Al Rajhi Capital announces the Annual Audited Financials of Al Rajhi REIT Fund for the period 20th March 2018 to 31st December 2018:
Al Rajhi Capital announces the Annual Audited Financials of Al Rajhi REIT Fund, the Annual Financial results for the period 20th March 2018 to 31st December 2018 are summarized below:
- Total Income: SAR 92,099,709
- Total Fees & Expenses: SAR (42,452,204)
- Net Profit: SAR 49,647,505
- Net Asset Value: SAR 1,250,411,446
- No. of Units: 122,200,609 units
- Net Asset Value per Unit: SAR 10.09 (fair value)
- Total Dividends: SAR 59,189,288
- Net Yield: 4.84%
Notes related to Financials:
- Total Fees & Expenses include an amount in relation to profit on outstanding loan facility
- Net Profit is for the period ended 31st December; equivalent to SAR 0.41 per unit
- Funds from Operations (FFO) amounted to SAR 63,395,305 for the period ended 31st December; equivalent to SAR 0.52 per unit
- Net Yield has been calculated on the par value of SAR 10 per unit
- Total dividends paid are for the period ended 31st December 2018
- There are no prior period comparatives for the Fund since these are inaugural results
