Musharaka REIT Fund (4335.SR)
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No price history available.
Key financial summary
Financials in SAR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | SAR m | 93 | 89 | 112 | 107 | 106 | 97 | 95 | - |
| Operating profit | SAR m | 31 | 31 | ||||||
| Net profit | SAR m | 36 | 30 | 11 | -8 | -22 | -110 | -102 | - |
| EPS reported | SAR | -1.25 | -1.15 | ||||||
| Operating cashflow per share | SAR | -0.05 | 0.06 | ||||||
| Capex per share | SAR | 0.00 | 0.00 | ||||||
| FCF per share | SAR | -0.05 | 0.06 | ||||||
| Free cash flow | SAR m | -4 | 5 | ||||||
| Net debt | SAR m | 645 | 655 | ||||||
| Book value equity | SAR m | 614 | 601 | ||||||
| Book value per share | SAR | 6.98 | 6.83 | ||||||
| Number of shares | m | 88 | 88 | ||||||
| DPS (TTM paid) | SAR | 0.20 | 0.22 |
Financial summary
Financials in SAR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 0.58 | 0.60 | ||||||
| P/S LTM | x | 3.70 | 3.76 | ||||||
| P/FCF LTM | x | -81.66 | 65.35 | ||||||
| EV/EBITDA LTM | x | -43.19 | -54.89 | ||||||
| EV/Sales LTM | x | 11.72 | 11.20 | ||||||
| Earnings Yield LTM | % | -30.61% | -33.15% | ||||||
| FCF Yield | % | -1.22% | +1.53% | ||||||
| Quality | |||||||||
| ROE | % | -17.90% | -16.72% | ||||||
| ROIC | % | +2.17% | +2.21% | ||||||
| Operating margin | % | +32.09% | +32.06% | ||||||
| Gross margin | % | +2.29% | +1.88% | ||||||
| FCF/Sales | % | -4.53% | +5.76% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | -8.53% | -10.19% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | -64.43% | ||||||
| Operating Profit Growth | % | -16.28% | -17.87% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +5.88% | +6.32% | ||||||
| Dividend Growth | % | -16.67% | -8.33% | ||||||
| Payout Ratio | % | -19.20% | -19.22% | ||||||
| FCF/Debt | x | -0.01 | 0.01 | ||||||
| Net Debt/EBITDA | x | -29.57 | -36.72 | ||||||
| EBIT/Net interest | x | 0.60 | 0.61 | ||||||
| Net debt/market cap | % | +1.88% | +2.20% | ||||||
| Net debt/Equity | x | 1.05 | 1.09 | ||||||
| Gross debt/equity | x | 1.27 | 1.30 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
The Musharaka REIT Fund is a closed-end real estate investment trust meticulously structured to comply with Islamic Sharia regulations and standards. A dedicated Sharia advisor conducts regular evaluations of the fund's terms, conditions, and all operational aspects to ensure continuous adherence to approved Sharia principles. Established in the Kingdom of Saudi Arabia, the fund operates in accordance with the national Real Estate Investment Funds Regulations and specific directives for real estate investment trusts. Its primary objective is to invest in developed, income-generating real estate assets that are available for lease, thereby securing consistent rental revenue. While its focus is on established properties, the fund is permitted to allocate a portion of its capital, up to 25%, to real estate development projects. A key stipulation is that at least 75% of its assets must always be invested in developed, income-producing properties, and the fund explicitly refrains from investing in undeveloped "white lands." Upon its launch, the fund commenced operations with a portfolio of five properties valued at 880 million Saudi Riyals. Since then, it has demonstrated significant growth, expanding its real estate holdings to double the initial number and increasing its total asset value beyond one billion Saudi Riyals.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Not enough data to calculate KvantraRank
Based on consensus from external analysts. Not Kvantra's opinion.
The Musharaka REIT Fund is a closed-end real estate investment trust meticulously structured to comply with Islamic Sharia regulations and standards. A dedicated Sharia advisor conducts regular evaluations of the fund's terms, conditions, and all operational aspects to ensure continuous adherence to approved Sharia principles. Established in the Kingdom of Saudi Arabia, the fund operates in accordance with the national Real Estate Investment Funds Regulations and specific directives for real estate investment trusts. Its primary objective is to invest in developed, income-generating real estate assets that are available for lease, thereby securing consistent rental revenue. While its focus is on established properties, the fund is permitted to allocate a portion of its capital, up to 25%, to real estate development projects. A key stipulation is that at least 75% of its assets must always be invested in developed, income-producing properties, and the fund explicitly refrains from investing in undeveloped "white lands." Upon its launch, the fund commenced operations with a portfolio of five properties valued at 880 million Saudi Riyals. Since then, it has demonstrated significant growth, expanding its real estate holdings to double the initial number and increasing its total asset value beyond one billion Saudi Riyals.
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