-
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
MEFIC REIT posts FFO of SAR 11.8 mln, net loss of SAR 133.1 mln in 2021
31/03/2022
Argaam Exclusive
MEFIC REIT Fund widened its 2021 net loss to SAR 133.1 million, from SAR 66.2 million a year earlier.
Funds from operations (FFO) amounted to SAR 11.8 million in 2021, compared to SAR 2 million in 2020.
Financials (M)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Rental Income | 65.87 | 56.07 | (14.9 %) |
| Funds from Operations(FFO) | 2.01 | 11.76 | 483.8 % |
| Net Income | (66.24) | (133.12) | (101.0 %) |
| No of shares | 73.28 | 73.28 | - |
| Operating EPS (Riyals) | 0.03 | 0.16 | 483.8 % |
| EPS (Riyals) | (0.90) | (1.82) | (101.0 %) |
The losses increased on lower lease revenue, and higher impairment loss of real estate investments.
Interim Comparasion (M)
| Item | H2 2020 | H2 2021 | Change |
|---|---|---|---|
| Rental Income | 25.58 | 28.69 | 12.1 % |
| Funds from Operations(FFO) | (10.55) | 5.22 | 149.5 % |
| Net Income | (39.69) | (32.56) | 18.0 % |
| No of shares | 73.28 | 73.28 | - |
| Operating EPS (Riyals) | (0.14) | 0.07 | 149.5 % |
| EPS (Riyals) | (0.54) | (0.44) | 18.0 % |
Balance Sheet (Million)
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Total Assets | 1,171.10 | 1,040.94 | (11.1 %) |
| Total Debt | 439.64 | 460.30 | 4.7 % |
| Net assets attributable to the Unitholders Item | 669.69 | 521.93 | (22.1 %) |
| Market value of net assets | 688.40 | 526.66 | (23.5 %) |
Net asset value (NAV) in 2021 stood at SAR 521.93 million, while net book value per unit reached SAR 7.12.
The 2021 market value of assets stood at SAR 526.66 million, with market value per unit at SAR 7.19.
View other reports
Share Price
MEFIC REIT Fund (MEFIC REIT)
| Current | |
| Number of Units (Million) | 73.28 |
| Net Income/Unit ( Riyal) | (0.31 ) |
| Funds from operations/Unit ( Riyal) | 0.00 |
| P/E (X) (TTM) | NEG |
| Current Price/FFO (X) | 2,502.59 |
| Par Value ( Riyal) | 10.00 |
| Price/book | 0.58 |
| Asset Growth (%) | (3.36 ) |
| Revenue Growth (%) | 2.2 |
| Net Income Growth (%) | (298.25 ) |
| Adjusted P/E (Last12) (X) | Neg |
Financial results (Million)
| Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
|---|---|---|---|---|---|---|
| H1 2021 | 27.38 | (32.0 %) | 6.54 | (47.9 %) | (100.56) | (278.7 %) |
| H2 2021 | 28.69 | 12.1 % | 5.22 | 149.5 % | (32.56) | 18.0 % |
| 2021 | 56.07 | (14.9 %) | 11.76 | 483.8 % | (133.12) | (101.0 %) |
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 2021 | 1,060.50 | (14.6 %) | 434.00 | (2.5 %) | 558.16 | (21.3 %) | 577.82 | (20.3 %) |
| H2 2021 | 1,040.94 | (11.1 %) | 460.30 | 4.7 % | 521.93 | (22.1 %) | 526.66 | (23.5 %) |
Multiple Ratios (End of Period Price)
| Period | Price/ Earnings (P/E)(x) | Price/FFO(x) |
|---|---|---|
| Q2 2021 | NEG | NEG |
| Q4 2021 | NEG | 45.00 |
Unit Data (Riyal)
| Period | Operating EPS | EPS | Book Value | Market Value |
|---|---|---|---|---|
| H1 2021 | 0.09 | (1.37) | 7.62 | 7.89 |
| H2 2021 | 0.07 | (0.44) | 7.12 | 7.19 |
Follow us on
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}