Riyadh – Mubasher: Alkhabeer Capital has announced the quarterly statement for Alkhabeer REIT during the period ending 30 June 2026, reporting total rental income of SAR 30.52 million.
The fund’s total asset value reached SAR 1.93 billion, while the net asset value (NAV) stood at SAR 1.27 billion, according to a bourse disclosure.
The fund manager confirmed a cash distribution of SAR 14.80 million to 141 million outstanding units, representing SAR 0.10 per unit. This distribution accounts for 1.19% of the fund’s net asset value.
At the close of the quarter, the unit market price was SAR 5.73, compared to a NAV per unit of SAR 8.98.
Operational updates included the renewal of the Akon Warehouses lease for five years at an annual value of SAR 12.50 million, extending the contract to June 2031.
Total fund expenses and fees for the quarter amounted to SAR 25.43 million, representing 1.32% of the total asset value. The fund’s debt-to-total asset ratio was reported at 30.50%, with a five-year exposure period maturing on 7 September 2031.
Management noted ongoing legal and financial evaluations regarding rental revision requests from certain tenants.
