Riyad REIT Fund Income Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	253.15	264.47	257.98	210.41	180.06	141.14
Total Revenue	282.61	293.93	307.53	275.56	248.5	186.02
Revenue Growth (YoY	-11.78%	-4.42%	11.60%	10.89%	33.59%	2.66%
Property Expenses	101.95	106.37	105.63	84.39	66.96	53.66
Selling, General & Administrative	56.65	57.89	57.94	45.49	43.31	42.11
Depreciation & Amortization	33.18	33.6	33.79	30.96	30.96	24.65
Total Operating Expenses	213.92	202.32	200.11	163.15	142.94	120.43
Operating Income	68.7	91.61	107.42	112.41	105.56	65.59
Interest Expense	-103.9	-103.28	-100.96	-49.98	-27.89	-20.96
Other Non-Operating Income	19.37	17.21	14.89	5.96	-0.1	0.42
EBT Excluding Unusual Items	-32.86	5.54	21.35	68.39	77.57	45.06
Gain (Loss) on Sale of Investments	-125.31	-125.31	0.3	20.54	18.98	-
Asset Writedown	-60.95	-67.51	-	-	-	-
Pretax Income	-219.12	-187.28	21.65	88.93	96.55	45.06
Net Income	-219.12	-187.28	21.65	88.93	96.55	45.06
Net Income to Common	-219.12	-187.28	21.65	88.93	96.55	45.06
Net Income Growth	-	-	-75.65%	-7.90%	114.29%	-36.44%
Basic Shares Outstanding	172	172	172	172	172	172
Diluted Shares Outstanding	172	172	172	172	172	172
EPS (Basic)	-1.28	-1.09	0.13	0.52	0.56	0.26
EPS (Diluted)	-1.28	-1.09	0.13	0.52	0.56	0.26
EPS Growth	-	-	-75.65%	-7.90%	114.29%	-36.44%
Dividend Per Share	0.320	0.310	0.400	0.690	0.740	0.450
Dividend Growth	6.67%	-22.50%	-42.03%	-6.76%	64.44%	-8.16%
Operating Margin	24.31%	31.17%	34.93%	40.79%	42.48%	35.26%
Profit Margin	-77.53%	-63.71%	7.04%	32.27%	38.85%	24.22%
EBITDA	101.87	125.21	141.21	143.37	136.53	90.25
EBITDA Margin	36.05%	42.60%	45.92%	52.03%	54.94%	48.51%
D&A For Ebitda	33.18	33.6	33.79	30.96	30.96	24.65
EBIT	68.7	91.61	107.42	112.41	105.56	65.59
EBIT Margin	24.31%	31.17%	34.93%	40.79%	42.48%	35.26%
Funds From Operations (FFO)	0.76	21.9	55.44	119.89	127.51	69.71
Adjusted Funds From Operations (AFFO)	-	21.9	55.44	119.89	127.51	69.71
FFO Payout Ratio	7049.72%	235.19%	154.84%	130.32%	70.02%	110.84%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.