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Complete financial analysis of Musharaka REIT Fund (4335.SR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Musharaka REIT Fund, a leading company in the REIT – Diversified industry within the Real Estate sector.
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Musharaka REIT Fund (4335.SR)
About Musharaka REIT Fund
Musharaka REIT Fund is a closed real estate investment fund that is closed and in compliance with Islamic Sharia regulations and standards. The Funds Sharia advisor reviews the terms and conditions of the fund and all the funds activities periodically to ensure that they comply with the approved Sharia standards. Musharaka REIT Fund was established in the Kingdom of Saudi Arabia in accordance with the Real Estate Investment Funds Regulations and the Instructions for real estate investment trusts in circulation. The funds main investment objective is to invest in structurally developed real estate assets that are leasable and to achieve periodic leasing income. The fund may invest its assets secondary in real estate development projects, provided that (A) The funds assets invested in developed real estate assets that generate periodic income are not less than 75 percent (b) The fund does not invest in white lands. The fund started operating with five properties, at a value of 880 million Saudi riyals, the number of real estate assets that the fund invests in has doubled, and the funds assets have exceeded one billion Saudi riyals.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 106.68M | 100.62M | 88.78M | 93.45M | 94.65M | 66.25M | 13.61M | 1.87M |
| Cost of Revenue | 33.01M | 8.96M | 1.51M | 1.99M | 2.65M | 341.53K | 341.53K | 0.00 |
| Gross Profit | 73.67M | 91.66M | 87.28M | 91.47M | 91.99M | 65.91M | 13.26M | 1.87M |
| Gross Profit Ratio | 69.06% | 91.10% | 98.30% | 97.87% | 97.20% | 99.48% | 97.49% | 100.00% |
| Research & Development | 0.00 | 0.08 | 0.36 | 0.38 | 0.42 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 15.78M | 18.23M | 15.37M | 15.29M | 9.40M | 9.40M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 184.59K | 64.02K | 64.02K | 0.00 |
| SG&A | -11.74M | 15.78M | 18.23M | 15.37M | 15.48M | 9.46M | 9.46M | 0.00 |
| Other Expenses | 27.69M | 38.45M | 28.12M | 35.04M | 30.20M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 15.95M | 54.23M | 46.36M | 50.41M | 45.68M | 23.30M | 23.30M | 0.00 |
| Cost & Expenses | 60.13M | 63.19M | 47.86M | 52.40M | 48.34M | 23.64M | 23.64M | 0.00 |
| Interest Income | 8.51M | 11.89M | 11.91M | 10.12M | 11.62M | 0.00 | 777.56K | 0.00 |
| Interest Expense | 52.92M | 29.65M | 15.32M | 16.13M | 19.40M | 95.55K | 5.05M | 8.86M |
| Depreciation & Amortization | 31.01M | 28.69M | 23.53M | 23.25M | 23.91M | 24.84M | 13.02M | 22.82K |
| EBITDA | 75.58M | 77.71M | 75.32M | 66.08M | 70.22M | 97.20M | 55.58M | 1.87M |
| EBITDA Ratio | 70.84% | 75.22% | 84.84% | 80.51% | 88.12% | 83.97% | 100.00% | 100.00% |
| Operating Income | 46.56M | 40.58M | 51.79M | 41.05M | 46.31M | 42.56M | 13.61M | 1.87M |
| Operating Income Ratio | 43.64% | 40.34% | 58.33% | 43.93% | 48.93% | 64.24% | 100.00% | 100.00% |
| Total Other Income/Expenses | -54.91M | -31.64M | -16.30M | -4.98M | -6.23M | -15.72M | 682.00K | -8.86M |
| Income Before Tax | -8.35M | 8.94M | 31.83M | 36.08M | 40.09M | 42.46M | 8.56M | -6.98M |
| Income Before Tax Ratio | -7.83% | 8.89% | 35.85% | 38.60% | 42.35% | 64.10% | 62.88% | -372.80% |
| Income Tax Expense | 0.00 | -1.96M | 1.96M | 15.91M | 19.40M | -17.35M | 1.40M | 1.23M |
| Net Income | -8.35M | 10.90M | 29.87M | 20.16M | 20.68M | 42.46M | 7.16M | -8.22M |
| Net Income Ratio | -7.83% | 10.83% | 33.64% | 21.58% | 21.85% | 64.10% | 52.59% | -438.65% |
| EPS | -0.09 | 0.12 | 0.34 | 0.23 | 0.24 | 0.48 | 1.10 | -1.26 |
| EPS Diluted | -0.09 | 0.12 | 0.34 | 0.23 | 0.24 | 0.48 | 1.10 | -1.26 |
| Weighted Avg Shares Out | 88.00M | 88.00M | 88.00M | 88.00M | 88.00M | 88.00M | 6.50M | 6.50M |
| Weighted Avg Shares Out (Dil) | 88.00M | 88.00M | 88.00M | 88.00M | 88.00M | 88.00M | 6.50M | 6.50M |
Source: https://incomestatements.info
Category: Stock Reports