Musharaka REIT Fund (TADAWUL:4335)

Musharaka REIT Fund Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	91.98	95.36	95.52	100.62	88.78	93.45
Total Revenue	102.32	106.1	106.68	112.21	100.7	93.45
Revenue Growth (YoY	-6.14%	-0.55%	-4.93%	11.44%	7.75%	-1.26%
Property Expenses	32.78	33.05	37.74	23.41	17.9	15.37
Depreciation & Amortization	31.25	31.3	31.01	28.69	23.53	23.25
Provision for Loan Losses	-	-	-	-	-	1.55
Other Operating Expenses	1.25	4.64	4.49	6.04	6.55	6.13
Total Operating Expenses	65.28	68.98	75.12	63.19	47.86	50.85
Operating Income	37.04	37.12	31.56	49.02	52.83	42.61
Interest Expense	-53.31	-56.74	-55.3	-32.28	-17.18	-17.69
Interest & Investment Income	2.07	2.17	1.63	0.29	-	10.12
Other Non-Operating Income	0.9	0.9	-1.38	0.32	0.82	0.82
EBT Excluding Unusual Items	-13.3	-16.55	-23.49	17.35	36.47	35.86
Gain (Loss) on Sale of Investments	0.12	0.12	0.15	0.03	0.06	0.22
Asset Writedown	-7.31	-5.86	15	-8.44	-4.7	-
Pretax Income	-20.5	-22.29	-8.35	8.94	31.83	36.08
Income Tax Expense	-	-	-	-1.96	1.96	-
Net Income	-20.5	-22.29	-8.35	10.9	29.87	36.08
Net Income to Common	-20.5	-22.29	-8.35	10.9	29.87	36.08
Net Income Growth	-	-	-	-63.51%	-17.21%	-10.00%
Basic Shares Outstanding	88	88	88	88	88	88
Diluted Shares Outstanding	88	88	88	88	88	88
EPS (Basic)	-0.23	-0.25	-0.09	0.12	0.34	0.41
EPS (Diluted)	-0.23	-0.25	-0.09	0.12	0.34	0.41
EPS Growth	-	-	-	-63.51%	-17.21%	-10.00%
Dividend Per Share	0.240	0.240	0.170	0.500	0.600	0.650
Dividend Growth	20.00%	41.18%	-66.00%	-16.67%	-7.69%	-
Operating Margin	36.20%	34.98%	29.59%	43.69%	52.47%	45.59%
Profit Margin	-20.03%	-21.01%	-7.83%	9.71%	29.66%	38.60%
EBITDA	60.13	60.23	54.41	70.42	69.32	58.38
EBITDA Margin	58.77%	56.77%	51.00%	62.76%	68.84%	62.47%
D&A For Ebitda	23.09	23.12	22.85	21.4	16.49	15.77
EBIT	37.04	37.12	31.56	49.02	52.83	42.61
EBIT Margin	36.20%	34.98%	29.59%	43.69%	52.47%	45.59%
Effective Tax Rate	-	-	-	-	6.16%	-
Revenue as Reported	102.57	106.1	106.68	112.21	100.7	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.