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39%Marvela
Compound
18%AlYaum Tower
14%AlSulay
Warehouses
16%AlFanar Complex
13%AlMaarefah Univirsity
Portfolio Allocationby Asset
15%Khober
67%Riyadh 18%
Damamm
Portfolio Allocationby Geography
13%Educational
14%Industrial
10%Retail
45%Residential
18%Offices
Portfolio Allocationby Sector
Outstanding Units 158,000,000
Fund Manger Jadwa Investment Company
Dividend Frequency Quarterly
Tadawul Ticker 4342
Bloomberg Ticker JADWAREI AB Equity
REIT Information
Number of properties 5
Number of Tenants 3
Total Built Up Area 428,200 Sqm
Total Land Areas 377,502 Sqm
WAULT 6.2 Years
Occupancy 100%
Portfolio Statistics
Jadwa REIT Saudi Fund is a closed-ended Shariah compliant real estate investment-traded fund listed in the Saudi Stock Exchange “Tadawul”. The primary investment objective of the Fund is to provide its investors with regular income by investing in income-generating real estate assets in Saudi Arabia, excluding the Holy Cities of Makkah and Medina across different real estate sectors.
Q2
11.03
Q3
11.03
Q1
10.95
Q4
11.03
2018
NAV/unit
Q2
0.18
Q3
0.18
Q1
0.1
Q4
0.18
2018
Dividend Distributions (SAR/unit)
Fact Sheet - Q4 2018
Jadwa REIT Saudi Fund at a Glanceas of 31 December 2018
Market Cap SAR 1.38 Bn
Market unit price SAR 8.75
Net Asset Value (NAV) SAR 1.74 Bn
NAV Per Unit* SAR 11.03
Portfolio Value SAR 1.69 Bn
*Fair value NAV per unit is calculated on the basis of the average fair value of the Fund's
portfolio, which were valued by two independant certified evaluators as of 31/12/2018
2018
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
12111098765
Market unit price and NAV/unitSince inception to 31 December 2018
NAVPrice
SAR/Unit
Fact Sheet - Q4 2018
UnauditedBalance Sheet (SAR Million)
Key Indicators
UnauditedIncome Statement (SAR Million)
from 11 Feb 2018 to 31 Dec 2018
from 11 Feb 2018 to 31 Dec 2018
As of 31 Dec 2018
57.4
1,524.4
1,581.7
6.97
-
6.97
1,574.8
Revenues
Direct expenses*
Gross profit
Fund expenses
Net profit
117.5
(35.8)
81.7
(14.2)
67.5
Current Assets
Non-current assets
Total Assets
Current liabilities
Non-current liabilities
Total liabilities
Net Asset Value
* Unit price as of 31 Dec 2018
* Inclusive of depreciation expesnses
Fund from operation (FFO)
FFO per unit
Dividend per unit
Annualized rental income to unit price*
Annualized Dividend Yield*
Expense Ratio
Loan-to-value ratio
SAR 103 mn
SAR 0.65
SAR 0.64
9.65%
8.3%
0.88%
0%
Fund Update: • On 1/10/2018, the Fund has obtained a SAR 1 billion Shariah Compliant Facility from Banque Saudi Fransi to finance the new acquisition of income-generating properties.
reit.jadwa.com
DisclaimerJadwa Investment or its directors, staff, or affiliates makes no warranty, representation or undertaking whether expressed or implied, nor does it assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information that is contained in this material. It is not the intention of this material to be used or deemed as an advice, option or for any action that may take place in future. Unless otherwise stated, all information contained in this material shall not be reproduced, in whole or in part, without the specific written permission of Jadwa Investment. The content of this document is for information purposes only. Jadwa Investment does not hold itself out as providing legal, financial or other advice via this document. To ensure proper understanding of the Fund and its suitability for you according to your risk appetite, we recommend that you seek specialist investment advice.Investments in Jadwa’s products are governed by their Terms and Conditions. While reading the product’s Terms and Conditions, please refer to the principal risks of investing in the product. Some products are exposed to foreign currencies and changes in currency exchange rates and other risks that may have an adverse effect on the value and price. The product’s value is subject to fluctuations and the investor may not receive the full amount that is originally invested. The information provided in this document can be changed at any time without prior notice. Past performance is not indicative of future returns. Jadwa Investment is authorized and regulated by the Capital Market Authority of Saudi Arabia.