Jadwa REIT Al Haramain Fund cut its 2021 net loss of SAR 9.2 million, from SAR 68 million a year earlier.
Funds from operations (FFO) amounted to SAR 6.7 million in 2021, compared to SAR 1.7 million in 2020.
Item | 2020 | 2021 | Change |
---|---|---|---|
Rental Income | 8.07 | 16.00 | 98.3 % |
Funds from Operations(FFO) | (1.72) | 6.69 | 489.6 % |
Net Income | (68.05) | (9.16) | 86.5 % |
No of shares | 66.00 | 66.00 | - |
Operating EPS (Riyals) | (0.03) | 0.10 | 489.6 % |
EPS (Riyals) | (1.03) | (0.14) | 86.5 % |
The narrowed losses were attributed to a lease contract termination fee of SAR 16 million. The fund recorded a provision for real estate investments loss of SAR 4.8 million in 2021, compared to a provision of SAR 68 million a year earlier.
Item | H2 2020 | H2 2021 | Change |
---|---|---|---|
Funds from Operations(FFO) | (0.09) | 3.31 | 3946.5 % |
Net Income | 0.01 | (0.04) | (575.0 %) |
No of shares | 66.00 | 66.00 | - |
Operating EPS (Riyals) | 0.00 | 0.05 | 3946.5 % |
EPS (Riyals) | 0.00 | 0.00 | (575.0 %) |
Item | 2020 | 2021 | Change |
---|---|---|---|
Total Assets | 789.36 | 793.66 | 0.5 % |
Total Debt | 232.01 | 252.11 | 8.7 % |
Net assets attributable to the Unitholders Item | 548.41 | 539.26 | (1.7 %) |
Market value of net assets | 631.45 | 584.18 | (7.5 %) |
Net asset value (NAV) in 2021 stood at SAR 539.26 million, while net book value per unit reached SAR 8.17.
The full-year market value of assets stood at SAR 584.18 million, with market value per unit at SAR 8.85.
Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
---|---|---|---|---|---|---|
H1 2021 | 8.00 | (0.8 %) | 3.38 | 307.2 % | (9.12) | 86.6 % |
H2 2021 | 8.00 | - | 3.31 | 3946.5 % | (0.04) | (575.0 %) |
2021 | 16.00 | 98.3 % | 6.69 | 489.6 % | (9.16) | 86.5 % |
Period | Total Assets | Change | Total Debt | Change | Net assets attributable to the Unitholders Item | Change | Market value of net assets | Change |
---|---|---|---|---|---|---|---|---|
H1 2021 | 783.37 | 6.0 % | 232.30 | 27.8 % | 539.30 | (1.7 %) | 568.92 | (9.8 %) |
H2 2021 | 793.66 | 0.5 % | 252.11 | 8.7 % | 539.26 | (1.7 %) | 584.18 | (7.5 %) |
Period | Price/ Earnings (P/E)(x) | Price/FFO(x) |
---|---|---|
Q2 2021 | NEG | More than 100 |
Q4 2021 | NEG | More than 100 |
Period | Operating EPS | EPS | Book Value | Market Value |
---|---|---|---|---|
H1 2021 | 0.05 | (0.14) | 8.17 | 8.62 |
H2 2021 | 0.05 | 0.00 | 8.17 | 8.85 |
Current | |
Number of Units (Million) | 66.00 |
Net Income/Unit ( Riyal) | 0.40 |
Funds from operations/Unit ( Riyal) | 0.11 |
P/E (X) (TTM) | 14.62 |
Current Price/FFO (X) | 52.13 |
Par Value ( Riyal) | 10.00 |
Price/book | 0.76 |
Asset Growth (%) | (1.88 ) |
Revenue Growth (%) | 6.4 |
Net Income Growth (%) | 1,027.3 |
Adjusted P/E (Last12) (X) | 14.62 |
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