Riyadh – Mubasher: Aljazira Capital, the fund manager of Aljazira REIT Fund, released the fund’s income statement for the second quarter (Q2) of 2026.
The fund reported a net asset value (NAV) of SAR 90.75 million at the end of the second quarter, with the NAV per unit standing at SAR 7.69, according to a bourse disclosure.
Total assets for the period reached SAR 96.56 billion, while the fund’s borrowing ratio remained at 0%.
The real estate portfolio, which consists of the Al-Khumra warehouses, maintained a total occupancy rate of 91.48% across a built-up area of 65,404.00 square meters. The book value of these assets was reported at SAR 88.33 million, against an original purchase price of SAR 118 million.
Financial performance indicators showed a rental income to unit price ratio of 5.05%. The fund's performance based on NAV grew by 1.17%, although performance based on TASI prices declined by -1.44% during the quarter.
Total expenses and fees for the period amounted to SAR 617,408, representing 2.56% of total assets. This included management fees of SAR 203,849 and depreciation costs of SAR 228,416. The fund currently has 11.80 million units outstanding.
Earlier this month, Aljazira REIT Fund renewed a lease agreement for warehouse number 3, located in block number 10 of the third complex in the Al Khumra district of Jeddah.
