Al-Rajhi REIT Achieves Losses of SR175 mln by End of 2021

Al Rajhi Capital announced on Thursday that Al Rajhi REIT Fund’s annual reports, including the annual audited financial statements, for the period ended on 31.12.2021 are available to the public.

It added that the net assets at the end of the period is SR1,245,863,350. Total expenses and fees for the period is SR83,393,275. Net profit/(loss) for the period is SR(175,077,857). Number of the outstanding units at the end of period is 161856857. The net unit value is 8.01. The revenue of the period % is 5.6 %.

It also added that the total Fees & Expenses include an amount in relation to profit on outstanding loan Facility and depreciation expense. Funds from Operations (FFO) amounts to SAR 80,586,183. Total Asset: 2,061,500,228. Total dividends is the dividends amount for the period 1st Jan 2021 to 31st Dec 2021. Total Income is SR135,383,569.

The return for the period was calculated by annualized dividend yield at par value for the period. The return of total income to total asset is 6.56%. The total dividends is SR90,639,840. Net asset value per unit is SR7.70 (book value). Net asset value per unit is SR8.01 (fair value).