Al RAJHI REIT

Al Rajhi REIT Fund

4340REITsTadawulReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	152.83M	85.88M	94.91M	79.70M	90.17M
Real Estate Asset Acquisitions	-0.06B	-1.00B	-0.10B	-0.00B	-0.00B
Real Estate Asset Sales	125.85M	—	—	—	—
Investing & Financing
Investing Cash Flow	-4.89M	-972.24M	-117.43M	-3.90M	-23.80M
Dividends Paid	-147.94M	-124.23M	-82.63M	-75.79M	-66.37M
Operating Activities
Operating Cash Flow	152.83M	85.88M	94.91M	79.70M	90.17M
Net Income	187.25M	75.55M	113.41M	-175.08M	12.45M
Change Accounts Receivable RE	-8.15M	-37.21M	-6.67M	-10.76M	-68.30M
Change in Working Capital	5.55M	-31.89M	-4.69M	-10.52M	-27.99M
Change Other Net Oper Assets RE	7.54M	10.42M	0.34M	-0.24M	36.58M
Depreciation & Amortization	47.54M	38.27M	29.93M	28.60M	29.21M
Asset Writedown Cfre	-65.39M	5.69M	-29.70M	227.07M	64.90M
Investing Activities
Investing Cash Flow	-4.89M	-972.24M	-117.43M	-3.90M	-23.80M
Invest In Securities RE	-66.30M	30.48M	-18.68M	-1.54M	-23.57M
Sale Real Estate Assets	125.85M	—	—	—	—
Acquisition Real Estate Assets	-0.06B	-1.00B	-0.10B	-0.00B	-0.00B
Net Sale Acquisition Real Estate Assets	0.06B	-1.00B	-0.10B	-0.00B	-0.00B
Gain Assets Cfre	-17.66M	—	—	—	—
Loss (Gain) on Sale of Investments	-4.90M	-3.26M	-1.77M	-0.47M	-1.21M
Financing Activities
Common Dividends Paid	-147.94M	-124.23M	-82.63M	-75.79M	-66.37M
Issuance of Common Stock	—	1.01B	—	—	—
Long-Term Debt Issued	—	—	105.15M	—	0.00M
Total Debt Issued	—	—	105.15M	—	0.00M
Net Debt Issued (Repaid)	—	—	105.15M	—	0.00M
Free Cash Flow & Returns
Levered Free Cash Flow	131.96M	67.36M	81.37M	72.62M	113.47M
Unlevered Free Cash Flow	166.24M	99.96M	101.80M	85.76M	130.04M
Operating Cash Flow Growth	+78.0%	-9.5%	+19.1%	-11.6%	+240.3%

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	152.83M	85.88M	94.91M	79.70M	90.17M
Real Estate Asset Acquisitions	-0.06B	-1.00B	-0.10B	-0.00B	-0.00B
Real Estate Asset Sales	125.85M	—	—	—	—
Investing & Financing
Investing Cash Flow	-4.89M	-972.24M	-117.43M	-3.90M	-23.80M
Dividends Paid	-147.94M	-124.23M	-82.63M	-75.79M	-66.37M
Operating Activities
Operating Cash Flow	152.83M	85.88M	94.91M	79.70M	90.17M
Net Income	187.25M	75.55M	113.41M	-175.08M	12.45M
Change Accounts Receivable RE	-8.15M	-37.21M	-6.67M	-10.76M	-68.30M
Change in Working Capital	5.55M	-31.89M	-4.69M	-10.52M	-27.99M
Change Other Net Oper Assets RE	7.54M	10.42M	0.34M	-0.24M	36.58M
Depreciation & Amortization	47.54M	38.27M	29.93M	28.60M	29.21M
Asset Writedown Cfre	-65.39M	5.69M	-29.70M	227.07M	64.90M
Investing Activities
Investing Cash Flow	-4.89M	-972.24M	-117.43M	-3.90M	-23.80M
Invest In Securities RE	-66.30M	30.48M	-18.68M	-1.54M	-23.57M
Sale Real Estate Assets	125.85M	—	—	—	—
Acquisition Real Estate Assets	-0.06B	-1.00B	-0.10B	-0.00B	-0.00B
Net Sale Acquisition Real Estate Assets	0.06B	-1.00B	-0.10B	-0.00B	-0.00B
Gain Assets Cfre	-17.66M	—	—	—	—
Loss (Gain) on Sale of Investments	-4.90M	-3.26M	-1.77M	-0.47M	-1.21M
Financing Activities
Common Dividends Paid	-147.94M	-124.23M	-82.63M	-75.79M	-66.37M
Issuance of Common Stock	—	1.01B	—	—	—
Long-Term Debt Issued	—	—	105.15M	—	0.00M
Total Debt Issued	—	—	105.15M	—	0.00M
Net Debt Issued (Repaid)	—	—	105.15M	—	0.00M
Free Cash Flow & Returns
Levered Free Cash Flow	131.96M	67.36M	81.37M	72.62M	113.47M
Unlevered Free Cash Flow	166.24M	99.96M	101.80M	85.76M	130.04M
Operating Cash Flow Growth	+78.0%	-9.5%	+19.1%	-11.6%	+240.3%