Riyad REIT Fund (TADAWUL: 4330)

Riyad REIT Fund Income Statement

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	257.98	257.98	210.41	180.06	141.14	173.21
Gain (Loss) on Sale of Investments (Rev)	-	-	-	-	-	0.05
Total Revenue	307.53	307.53	275.56	248.5	186.02	181.2
Revenue Growth (YoY	11.60%	11.60%	10.89%	33.59%	2.66%	21.52%
Property Expenses	105.63	105.63	84.39	66.96	53.66	60.92
Selling, General & Administrative	57.94	57.94	45.49	43.31	42.11	20.55
Depreciation & Amortization	33.79	33.79	30.96	30.96	24.65	21.98
Total Operating Expenses	200.11	200.11	163.15	142.94	120.43	103.46
Operating Income	107.42	107.42	112.41	105.56	65.59	77.74
Interest Expense	-86.42	-86.42	-49.98	-27.89	-20.96	-7.14
Other Non-Operating Income	0.35	0.35	5.96	-0.1	0.42	0.28
EBT Excluding Unusual Items	21.35	21.35	68.39	77.57	45.06	70.88
Gain (Loss) on Sale of Investments	0.3	0.3	20.54	18.98	-	-
Pretax Income	21.65	21.65	88.93	96.55	45.06	70.88
Net Income	21.65	21.65	88.93	96.55	45.06	70.88
Net Income to Common	21.65	21.65	88.93	96.55	45.06	70.88
Net Income Growth	-75.65%	-75.65%	-7.90%	114.29%	-36.44%	10.45%
Basic Shares Outstanding	172	172	172	172	172	172
Diluted Shares Outstanding	172	172	172	172	172	172
EPS (Basic)	0.13	0.13	0.52	0.56	0.26	0.41
EPS (Diluted)	0.13	0.13	0.52	0.56	0.26	0.41
EPS Growth	-75.65%	-75.65%	-7.90%	114.29%	-36.44%	10.45%
Dividend Per Share	0.400	0.400	0.690	0.740	0.450	0.490
Dividend Growth	-42.03%	-42.03%	-6.76%	64.44%	-8.16%	8.89%
Operating Margin	34.93%	34.93%	40.79%	42.48%	35.26%	42.90%
Profit Margin	7.04%	7.04%	32.27%	38.85%	24.22%	39.12%
Free Cash Flow Margin	55.07%	55.07%	33.55%	-43.37%	39.02%	-22.83%
EBITDA	141.21	141.21	143.37	136.53	90.25	99.72
EBITDA Margin	45.92%	45.92%	52.03%	54.94%	48.51%	55.04%
D&A For Ebitda	33.79	33.79	30.96	30.96	24.65	21.98
EBIT	107.42	107.42	112.41	105.56	65.59	77.74
EBIT Margin	34.93%	34.93%	40.79%	42.48%	35.26%	42.90%
Funds From Operations (FFO)	55.44	55.44	119.89	127.51	69.71	92.86
Adjusted Funds From Operations (AFFO)	55.44	55.44	119.89	127.51	69.71	92.86
FFO Payout Ratio	154.84%	154.84%	130.32%	70.02%	110.84%	96.14%
Revenue as Reported	-	-	-	-	-	181.2

Source: S&P Capital IQ. Real Estate template. Financial Sources.