Musharaka REIT reported a net profit of SAR 54.87 million for the period from July 17, 2017 until December 31, 2018, fund manager Musharaka Capital said in a bourse statement today.

 

The net asset value (NAV) for the period reached SAR 848.63 million, at SAR 9.64 per unit.

The fund recorded total fees and expenses of SAR 25.9 million, in addition to depreciation expenses of SAR 20.5 million.

 

Musharaka REIT reported impairment loss on investment properties of SAR 14.18 million and SAR 4.32 million in amortization of prepaid right of use.

 

Financial Statement

Period

July 17, 2017 to December 31, 2018

Rental revenue (SAR mln)

123.10

Operating income (SAR mln)

88.55

Net profit (SAR mln)

54.87

Units in issue (mln)

88.00

Profit per unit (SAR)

0.62

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