-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Derayah REIT posts SAR 77.1 mln FFO, SAR 14.9 mln net profit in 2020
31/03/2021
Argaam Exclusive
Derayah REIT Fund reported a net profit of SAR 14.9 million (SAR 0.14/unit) for 2020, a decline of 26% from SAR 20.2 million a year earlier.
Funds from operations (FFO) dropped 11% to SAR 77.1 million in 2020 from SAR 80.9 million in 2019.
The profit drop was attributed to an increase of 23% year-on-year (YoY) in operating expenses and a slump of 11% in operating income.
Financials (M)
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Rental Income | 121.19 | 121.39 | 0.2 % |
| Funds from Operations(FFO) | 80.91 | 77.11 | (4.7 %) |
| Net Income | 20.21 | 14.92 | (26.2 %) |
| No of shares | 107.51 | 107.51 | - |
| Operating EPS (Riyals) | 0.75 | 0.72 | (4.7 %) |
| EPS (Riyals) | 0.19 | 0.14 | (26.2 %) |
Interim Comparasion (M)
| Item | H2 2019 | H2 2020 | Change |
|---|---|---|---|
| Rental Income | 61.83 | 64.84 | 4.9 % |
| Funds from Operations(FFO) | 43.69 | 39.71 | (9.1 %) |
| Net Income | (5.13) | 7.37 | 243.6 % |
| No of shares | 107.51 | 107.51 | - |
| Operating EPS (Riyals) | 0.41 | 0.37 | (9.1 %) |
| EPS (Riyals) | (0.05) | 0.07 | 243.6 % |
Balance Sheet (Million)
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Total Assets | 1,609.36 | 1,725.48 | 7.2 % |
| Total Debt | 579.98 | 747.98 | 29.0 % |
| Net assets attributable to the Unitholders Item | 1,001.42 | 944.53 | (5.7 %) |
| Market value of net assets | 1,003.34 | 961.54 | (4.2 %) |
Net asset value (NAV) stood at SAR 944.53 million, while the NAV per unit reached SAR 8.79 during the year.
The market value of assets reached SAR 961.54 million, with per unit market value stood at SAR 8.94.
View other reports
Share Price
Derayah REIT Fund (DERAYAH REIT)
| Current | |
| Number of Units (Million) | 107.51 |
| Net Income/Unit ( Riyal) | 0.51 |
| Funds from operations/Unit ( Riyal) | 0.22 |
| P/E (X) (TTM) | 12.18 |
| Current Price/FFO (X) | 27.99 |
| Par Value ( Riyal) | 10.00 |
| Price/book | 0.75 |
| Asset Growth (%) | (6.72 ) |
| Revenue Growth (%) | (5.77 ) |
| Net Income Growth (%) | 209.7 |
| Adjusted P/E (Last12) (X) | 12.18 |
Financial results (Million)
| Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
|---|---|---|---|---|---|---|
| H1 2020 | 56.55 | (4.7 %) | 37.40 | 0.5 % | 7.55 | (70.2 %) |
| H2 2020 | 64.84 | 4.9 % | 39.71 | (9.1 %) | 7.37 | 243.6 % |
| 2020 | 121.39 | 0.2 % | 77.11 | (4.7 %) | 14.92 | (26.2 %) |
Balance Sheet (Million)
| Period | Total Assets | Change | Total Debt | Change | Net assets attributable to the Unitholders Item | Change | Market value of net assets | Change |
|---|---|---|---|---|---|---|---|---|
| H1 2020 | 1,573.84 | 1.2 % | 589.40 | 24.2 % | 968.76 | (7.5 %) | 990.80 | (4.9 %) |
| H2 2020 | 1,725.48 | 7.2 % | 747.98 | 29.0 % | 944.53 | (5.7 %) | 961.54 | (4.2 %) |
Multiple Ratios (End of Period Price)
| Period | Price/ Earnings (P/E)(x) | Price/FFO(x) |
|---|---|---|
| Q2 2020 | More than 100 | 12.93 |
| Q4 2020 | More than 100 | 15.61 |
Unit Data (Riyal)
| Period | Operating EPS | EPS | Book Value | Market Value |
|---|---|---|---|---|
| H1 2020 | 0.35 | 0.07 | 9.01 | 9.22 |
| H2 2020 | 0.37 | 0.07 | 8.79 | 8.94 |
Follow us on
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}