SEDCO Capital REIT Fund
4344.SR
SAR6.27 1.95%
Exchange: SAU | Sector: Real Estate | Industry: REIT Diversified
Q2 2024
Published: Jun 30, 2024

Earnings Highlights

  • Revenue of $89.31M up 18.4% year-over-year
  • EPS of $0.10 increased by 179.3% from previous year
  • Gross margin of 70.6%
  • Net income of 17.79M
  • "N/A" - N/A
4344.SR
Company 4344.SR

Executive Summary

QQ2 2024 marked a solid quarter for SEDCO Capital REIT Fund. Revenue rose to SAR 89.31 million, up 18.4% year-over-year and 100% quarter-over-quarter versus Q1 2024, reflecting continued rental income and portfolio stability. Gross profit reached SAR 63.01 million, yielding a gross margin of 70.56%, with EBITDA of SAR 71.67 million and an EBITDA margin of 80.25%, underscoring strong operating leverage within the diversified Saudi REIT portfolio. Operating income was SAR 54.58 million (operating margin 61.12%), while net income stood at SAR 17.79 million, translating to a net margin of 19.92% and EPS of SAR 0.095. The company generated substantial operating cash flow (SAR 52.86 million) and free cash flow (SAR 52.34 million), supporting a cash-generative profile even after capital expenditure.

Key Performance Indicators

Revenue
Increasing
89.31M
QoQ: 100.00% | YoY: 18.35%
Gross Profit
Increasing
63.02M
70.56% margin
QoQ: 56.00% | YoY: 28.39%
Operating Income
Increasing
54.58M
QoQ: 52.32% | YoY: 30.73%
Net Income
Increasing
17.79M
QoQ: 100.00% | YoY: 180.22%
EPS
Increasing
0.10
QoQ: 100.00% | YoY: 179.33%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 94.59 -0.02 +111.8% View
Q4 2024 87.41 -0.02 +93.5% View
Q2 2024 89.31 0.10 +18.4% View
Q1 2024 44.65 0.05 +23.8% View