Riyadh – Mubasher: Osool & Bakheet Investment Company has released the quarterly financial statement for Al Maather REIT for the second quarter (Q2) of 2026.
The fund reported a net asset value (NAV) of SAR 500.65 million, with the NAV per unit rising by 1.37% to SAR 8.16 from SAR 8.05 at the end of the previous quarter.
The fund’s total book value of assets reached SAR 714.91 billion, supported by a portfolio of 15 properties. The market price per unit increased by 2.27% during the period, closing at SAR 9 compared to SAR 8.80 on 31 March 2026.
Total operating expenses for Q2 amounted to SAR 5.59 million, representing 0.78% of total assets.
Financial indicators show the fund’s leverage ratio stood at 27.67%, with total bank facilities of SAR 197.83 million used to finance acquisitions including Al Salam Schools and Burjeel Hospital.
The portfolio maintained an occupancy rate of 99.63%. Net rental income relative to the unit price for the second quarter was recorded at 3.51%. The fund manager currently holds 351,819 units in the REIT, which has 61.37 million issued units.
