Riyadh — Mubasher: Alkhabeer REIT Fund released its quarterly statement for the period ending 30 September 2026, reporting total rental income of SAR 28.66 million.
The fund’s total asset value stood at SAR 1.92 billion, while the net asset value (NAV) was recorded at SAR 1.26 billion.
The fund manager confirmed that the unit market price closed the quarter at SAR 5.52, compared to a NAV per unit of SAR 8.96.
Total expenses and fees for Q3 amounted to SAR 27.22 million, representing 1.42% of the total asset value.
Debt levels reached 30.57% of total assets, with a five-year exposure period maturing on 7 September 2031.
During the period, Alkhabeer REIT distributed SAR 14.81 million to 141 million outstanding units, translating to SAR 0.105 per unit.
The fund also highlighted operational updates, including a new four-year lease agreement for Elegance Tower with the Ministry of Transport and Logistics Services valued at SAR 30 million, effective 4 June 2026.
Occupancy rates across the portfolio remained stable, with several commercial and educational assets maintaining 100% occupancy.
In the first half (H1) of 2026, the fund’s net profits hit SAR 18.17 million, supported by rental income totaling SAR 62.01 million.
