Strategy Note /
Saudi Arabia

Saudi REIT Sector – Q4 21

  • In Q4 21, 10 new properties were acquired by three REITs, increasing the net number of acquired properties in 2021 to 18

  • The total market NAV for the sector stood at SAR15.6bn, decreasing by 4.6% yoy

  • The P/FFO stood at 18.4x for the sector, decreasing from 20.6x in 2020 and higher than 2019 levels of 15.1x

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
9 January 2022
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