Bonyan REIT Fund posts SAR 88.5 mln net profit in FY2019
01/04/2020
Argaam Exclusive
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Bonyan REIT Fund posted a net profit of SAR 88.5 million for the fiscal year 2019, Saudi Fransi Capital said in a bourse filing on Tuesday.
Financials (M)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Rental Income | 99.06 | 212.99 | 115.0 % |
| Funds from Operations(FFO) | 47.66 | 110.31 | 131.5 % |
| Net Income | (85.44) | 88.46 | 203.5 % |
| No of shares | 162.88 | 162.88 | - |
| Operating EPS (Riyals) | 0.29 | 0.68 | 131.5 % |
| EPS (Riyals) | (0.52) | 0.54 | 203.5 % |
Net asset value (NAV) stood at SAR 1.45 billion, while the NAV per unit reached SAR 10.147 by the end of 2019.
The number of outstanding units totalled over 162 million, with a yield of 12.55%.
Total expenses and fees for the period stood at SAR 34.6 million.
Compared With The
Interim Comparasion (M)
| Item | H2 2018 | H2 2019 | Change |
|---|
Balance Sheet (Million)
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Total Assets | 1,775.82 | 1,752.49 | (1.3 %) |
| Total Debt | - | - | - |
| Net assets attributable to the Unitholders Item | 1,480.54 | 1,449.29 | (2.1 %) |
| Market value of net assets | 1,565.31 | 1,652.71 | 5.6 % |
Financial results (Million)
| Period | Rental Income | Change | Funds from Operations(FFO) | Change | Net Income | Change |
|---|---|---|---|---|---|---|
| H1 2019 | 103.10 | - | 55.21 | - | 32.33 | - |
| H2 2019 | 109.89 | - | 55.10 | - | 56.13 | - |
| 2019 | 212.99 | 115.0 % | 110.31 | 131.5 % | 88.46 | 203.5 % |
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 | 1,753.30 | - | - | - | 1,453.01 | - | 1,598.19 | - |
| H2 2019 | 1,752.49 | - | - | - | 1,449.29 | - | 1,652.71 | - |
Multiple Ratios (End of Period Price)
| Period | Price/ Earnings (P/E)(x) | Price/FFO(x) |
|---|---|---|
| Q2 2019 | - | - |
| Q4 2019 | 18.12 | 14.53 |
Unit Data (Riyal)
| Period | Operating EPS | EPS | Book Value | Market Value |
|---|---|---|---|---|
| H1 2019 | 0.34 | 0.20 | 8.92 | 9.81 |
| H2 2019 | 0.34 | 0.34 | 8.90 | 10.15 |
| Current | |
| Number of Units (Million) | 162.88 |
| Net Income/Unit ( Riyal) | 0.76 |
| Funds from operations/Unit ( Riyal) | 0.83 |
| P/E (X) (TTM) | 12.54 |
| Current Price/FFO (X) | 11.53 |
| Par Value ( Riyal) | 10.00 |
| Price/book | 1.12 |
| Asset Growth (%) | 8.0 |
| Revenue Growth (%) | 2.0 |
| Net Income Growth (%) | 76.2 |
| Adjusted P/E (Last12) (X) | 12.54 |
Share Price
Bonyan REIT Fund (BONYAN REIT)
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