Riyadh – Mubasher: Alistithmar Capital has released the quarterly statement for Alistithmar REIT Fund, which recorded rental income of SAR 26.27 million in the second quarter (Q2) of 2026.
Net income excluding depreciation and provisions reached SAR 3.21 million. Including these charges, the fund recorded a net loss of SAR 5.10 million.
The fund’s total assets were valued at SAR 1.16 billion, with a net asset value (NAV) based on book value of SAR 504.18 million. The NAV per unit stood at SAR 8.33 on a book value basis and SAR 11.22 at fair value.
Total expenses for the period reached SAR 31.92 million, representing 2.75% of total asset value.
During the period, the fund manager highlighted a guarantee agreement for the Somerset Downtown Al Khobar asset, ensuring a minimum annual net operating profit of SAR 17.50 million for four years starting 1 October 2025.
Alistithmar REIT currently holds seven properties, including Galleria Mall and The Roof, with the latter maintaining 100% occupancy. The fund's debt-to-total assets ratio was reported at 45.76%.
