Alahli REIT Fund 1

SAU:4338Real Estatetasi

SAR 6.20+0.16%At closeAt close · Mon 19 Oct · ≈ AED 6.07 · Market cap $225.5M · Next earnings Thu 1 Apr

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	57.4%	68.1%	64.6%	62.0%	50.6%	57.7%	—	—
Operating margin	20.3%	49.6%	48.1%	42.5%	42.5%	36.1%	36.1%	+0.0 pts
Net margin	10.4%	41.1%	35.7%	22.2%	14.2%	9.3%	9.3%	+0.0 pts
EBITDA margin	54.2%	63.0%	61.0%	55.6%	56.5%	49.1%	—	—
Return on equity	1.1%	5.8%	5.2%	3.3%	2.2%	1.6%	1.6%	+0.0 pts
Return on assets	0.8%	3.9%	3.4%	2.0%	1.3%	0.9%	0.9%	+0.0 pts
Return on capital employed	1.6%	4.9%	4.8%	4.1%	4.2%	3.7%	—	—
Debt / equity	0.4×	0.4×	0.5×	0.5×	0.6×	0.6×	0.6×	+0.0%
Debt / assets	27.1%	28.8%	30.4%	33.2%	36.0%	37.3%	—	—
Interest coverage	2.3×	6.5×	4.3×	2.1×	1.8×	1.4×	—	—
Current ratio	0.9×	1.5×	1.2×	0.9×	0.9×	0.7×	0.7×	+0.0%
Quick ratio	0.9×	2.3×	1.2×	0.9×	0.9×	0.7×	—	—
Cash ratio	0.1×	0.2×	0.1×	0.1×	0.1×	0.2×	0.2×	+0.0%
Asset turnover	0.1×	0.1×	0.1×	0.1×	0.1×	0.1×	—	—
Inventory turnover	—	−1.0×	—	—	—	—	—	—
Receivables turnover	2.7×	3.2×	2.5×	2.8×	3.3×	5.3×	—	—
Dividend payout	420.2%	123.1%	145.6%	186.5%	257.7%	336.5%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.