Al Rajhi REIT posts SAR 20.4 mln net profit in Q2

Al Rajhi REIT reported a net profit of SAR 20.37 million for the period ended June 20, 2018 (three months and 12 days), fund manager Al Rajhi Capital said in a bourse statement.

Profit for the period is equivalent to SAR 0.17 per unit.

Net asset value for the period was SAR 1146.94 million, at SAR 9.39 per unit, based on 122.2 million units.

The fund recorded total fees and expenses of SAR 16.87 million.

Net yield for the period was 1.85 percent, while total dividend was SAR 21.24 million.

The net yield has been calculated on the Net Asset Value (NAV) based on fair value as at June 30, 2018.

Funds from Operations (FFO) amounted to SAR 25.87 million for the period, equivalent to SAR 0.21 per unit.

There are no prior period comparative figures for the fund since these are inaugural results.