Riyadh – Mubasher: Musharaka REIT Fund logged total rental income of SAR 25.15 million, according to the financial results.
The fund’s real estate portfolio, which includes 13 properties across the residential, commercial, industrial, and hospitality sectors, reached a total valuation of SAR 1.38 billion based on the latest appraisals from June 2026.
Financial indicators for Q3 show the fund’s total assets stood at SAR 1.40 billion, while total liabilities reached SAR 802.87 million.
The fund reported a net asset value (NAV) per unit of SAR 6.83, compared to a market price of SAR 3.24 at the end of the period.
Total expenses for the quarter amounted to SAR 8.39 million, representing 0.60% of total asset value.
The fund manager confirmed that total borrowing reached SAR 677.03 million, resulting in a leverage ratio of 48.24% against total assets.
The debt has a remaining exposure period of 2.86 years with a maturity date of 9 August 2029.
Rental income as a percentage of the unit price was recorded at 8.82%. No material changes to the fund’s operations were reported during the period.
At the end of June 2026, the fund, managed by Musharaka Capital, recorded total revenues of SAR 48.95 million.
