Jadwa REIT Al Haramain posts FFO loss of SAR 4.5 mln, net loss of SAR 53.4 mln in H1 2022

25/08/2022 Argaam Exclusive

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Jadwa REIT Al Haramain Fund (JADWA REIT ALHARAMAIN)

Jadwa REIT Al Haramain Fund widened net losses to SAR 53.4 million in the first half of 2022 (-SAR 0.81 per unit), from SAR 9.1 million a year earlier.

 

Funds from operations (FFO) losses reached SAR 4.5 million in the six-month period, against a net profit of SAR 3.4 million in the year-ago period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Rental Income 8.00 0.91 (88.6 %)
Funds from Operations(FFO) 3.38 (4.49) (232.9 %)
Net Income (9.12) (53.36) (485.3 %)
No of shares 66.00 66.00 -
Operating EPS (Riyals) 0.05 (0.07) (232.9 %)
EPS (Riyals) (0.14) (0.81) (485.3 %)


Balance Sheet (Million)

Item 6m 2021 6m 2022 Change‬
Total Assets 783.37 743.92 (5.0 %)
Total Debt 232.30 252.77 8.8 %
Net assets attributable to the Unitholders Item 539.30 485.90 (9.9 %)
Market value of net assets 568.92 485.90 (14.6 %)

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