-
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
Musharaka REIT posts SAR 40 mln profit in FY2019
29/03/2020
Argaam Exclusive
Musharaka REIT posted a net profit of SAR 40.08 million for the fiscal year 2019 as compared to SAR 54.84 million a year earlier, according to a bourse statement on Sunday.
Financials (M)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Rental Income | 124.12 | 106.27 | (14.4 %) |
| Funds from Operations(FFO) | 93.89 | 61.60 | (34.4 %) |
| Net Income | 54.87 | 40.09 | (26.9 %) |
| No of shares | 88.00 | 88.00 | - |
| Operating EPS (Riyals) | 1.07 | 0.70 | (34.4 %) |
| EPS (Riyals) | 0.62 | 0.46 | (26.9 %) |
Net asset value (NAV) stood at SAR 907.22 million, while net book value per unit hit SAR 10.31.
The full-year expenses and fees reached SAR 29.96 million.
The number of issued units totaled 88 million and net return per unit reached 7% in FY2019.
Total income for FY2019 for the fund reached SAR 65.37 million.
Interim Comparasion (M)
| Item | H2 2018 | H2 2019 | Change |
|---|---|---|---|
| Rental Income | 57.87 | 53.06 | (8.3 %) |
| Funds from Operations(FFO) | 38.41 | 26.89 | (30.0 %) |
| Net Income | 12.41 | 17.29 | 39.3 % |
| No of shares | 88.00 | 88.00 | - |
| Operating EPS (Riyals) | 0.44 | 0.31 | (30.0 %) |
| EPS (Riyals) | 0.14 | 0.20 | 39.3 % |
Balance Sheet (Million)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Total Assets | 1,057.67 | 1,273.89 | 20.4 % |
| Total Debt | 159.79 | 337.36 | 111.1 % |
| Net assets attributable to the Unitholders Item | 848.63 | 907.22 | 6.9 % |
| Market value of net assets | 852.32 | 959.99 | 12.6 % |
View other reports
Share Price
Musharaka REIT Fund (MUSHARAKA REIT)
| Current | |
| Number of Units (Million) | 88.00 |
| Net Income/Unit ( Riyal) | (0.27 ) |
| Funds from operations/Unit ( Riyal) | 0.12 |
| P/E (X) (TTM) | NEG |
| Current Price/FFO (X) | 39.36 |
| Par Value ( Riyal) | 10.00 |
| Price/book | 0.54 |
| Asset Growth (%) | (2.16 ) |
| Revenue Growth (%) | 0.7 |
| Net Income Growth (%) | (1596.90 ) |
| Adjusted P/E (Last12) (X) | Neg |
Financial results (Million)
| Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
|---|---|---|---|---|---|---|
| H1 2019 | 53.22 | (19.7 %) | 34.71 | (37.4 %) | 22.80 | (46.3 %) |
| H2 2019 | 53.06 | (8.3 %) | 26.89 | (30.0 %) | 17.29 | 39.3 % |
| 2019 | 106.27 | (14.4 %) | 61.60 | (34.4 %) | 40.09 | (26.9 %) |
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 2019 | 1,362.32 | 27.0 % | 424.62 | 164.2 % | 889.94 | (0.2 %) | 842.05 | (3.5 %) |
| H2 2019 | 1,273.89 | 20.4 % | 337.36 | 111.1 % | 907.22 | 6.9 % | 959.99 | 12.6 % |
Multiple Ratios (End of Period Price)
| Period | Price/ Earnings (P/E)(x) | Price/FFO(x) |
|---|---|---|
| Q2 2019 | 20.32 | 9.79 |
| Q4 2019 | 20.83 | 13.56 |
Unit Data (Riyal)
| Period | Operating EPS | EPS | Book Value | Market Value |
|---|---|---|---|---|
| H1 2019 | 0.39 | 0.26 | 10.11 | 9.57 |
| H2 2019 | 0.31 | 0.20 | 10.31 | 10.91 |
Follow us on
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}