Saudi Arabian (Tadawul) REITS Industry Analysis

Industry Valuation and Performance

Has the Saudi Arabian REITS Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 22 May 2026	ر.س13.1b	ر.س2.0b	ر.س333.4m	21.7x	39.4x	6.6x
Sun, 19 Apr 2026	ر.س13.2b	ر.س1.9b	ر.س333.0m	19.9x	39.6x	6.8x
Tue, 17 Mar 2026	ر.س12.8b	ر.س1.9b	ر.س200.8m	31.9x	63.8x	6.8x
Thu, 12 Feb 2026	ر.س13.0b	ر.س1.9b	ر.س200.8m	32.7x	64.7x	6.9x
Sat, 10 Jan 2026	ر.س12.7b	ر.س1.9b	ر.س200.8m	31.6x	63x	6.7x
Mon, 08 Dec 2025	ر.س12.7b	ر.س1.9b	ر.س227.2m	26.6x	55.7x	6.6x
Wed, 05 Nov 2025	ر.س13.0b	ر.س1.9b	ر.س227.2m	27.3x	57.4x	6.8x
Fri, 03 Oct 2025	ر.س13.2b	ر.س1.9b	ر.س227.2m	27.4x	57.9x	6.8x
Sun, 31 Aug 2025	ر.س13.0b	ر.س2.0b	ر.س399.6m	22.1x	32.6x	6.5x
Tue, 29 Jul 2025	ر.س13.0b	ر.س2.0b	ر.س434.3m	15.4x	30x	6.5x
Thu, 26 Jun 2025	ر.س12.9b	ر.س2.0b	ر.س421.7m	20.7x	30.5x	6.4x
Sat, 24 May 2025	ر.س13.1b	ر.س2.0b	ر.س420.5m	22.8x	31.3x	6.6x
Mon, 21 Apr 2025	ر.س13.2b	ر.س2.0b	ر.س420.5m	23.4x	31.5x	6.6x
Wed, 19 Mar 2025	ر.س13.2b	ر.س2.0b	ر.س688.3m	14.8x	19.1x	6.5x
Fri, 14 Feb 2025	ر.س13.6b	ر.س2.0b	ر.س688.3m	15x	19.7x	6.7x
Sun, 12 Jan 2025	ر.س13.8b	ر.س2.0b	ر.س688.3m	15.2x	20.1x	6.8x
Tue, 10 Dec 2024	ر.س13.9b	ر.س2.0b	ر.س688.3m	15.2x	20.2x	6.9x
Thu, 07 Nov 2024	ر.س14.1b	ر.س2.0b	ر.س688.3m	15.1x	20.5x	7x
Sat, 05 Oct 2024	ر.س13.9b	ر.س1.7b	ر.س465.6m	21x	29.8x	8.2x
Mon, 02 Sep 2024	ر.س14.0b	ر.س1.7b	ر.س426.6m	20.9x	32.9x	8.4x
Wed, 31 Jul 2024	ر.س13.9b	ر.س1.7b	ر.س382.0m	25.7x	36.5x	8.4x
Fri, 28 Jun 2024	ر.س13.7b	ر.س1.7b	ر.س382.0m	25.6x	35.9x	8.2x
Sun, 26 May 2024	ر.س13.7b	ر.س1.6b	ر.س327.2m	25.9x	41.9x	8.3x
Tue, 23 Apr 2024	ر.س14.9b	ر.س1.6b	ر.س327.2m	27.4x	45.6x	9.1x
Thu, 21 Mar 2024	ر.س14.2b	ر.س1.6b	ر.س324.3m	26.2x	43.7x	9x
Sat, 17 Feb 2024	ر.س14.2b	ر.س1.6b	ر.س324.3m	26x	43.7x	9x
Mon, 15 Jan 2024	ر.س14.3b	ر.س1.6b	ر.س324.3m	26.3x	44.2x	9.1x
Wed, 13 Dec 2023	ر.س13.9b	ر.س1.6b	ر.س324.3m	25.7x	42.8x	8.8x
Fri, 10 Nov 2023	ر.س13.3b	ر.س1.7b	ر.س346.7m	22.3x	38.3x	8x
Sun, 08 Oct 2023	ر.س13.4b	ر.س1.6b	ر.س328.8m	22.3x	40.7x	8.5x
Tue, 05 Sep 2023	ر.س12.9b	ر.س1.5b	ر.س501.8m	19.5x	25.7x	8.5x
Thu, 03 Aug 2023	ر.س13.6b	ر.س1.5b	ر.س531.4m	20.5x	25.6x	8.8x
Sat, 01 Jul 2023	ر.س14.0b	ر.س1.7b	ر.س559.2m	21.6x	25x	8.3x
Mon, 29 May 2023	ر.س14.1b	ر.س1.7b	ر.س597.5m	19.6x	23.7x	8.5x

Current Industry PE

Investors are relatively neutral on the Saudi REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 37.8x.

The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 6.6x.

Past Earnings Growth

The earnings for companies in the REITs industry have declined 18% per year over the last three years.
Meanwhile revenues for these companies have grown 6.1% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Real Estate industry?


SA Market	0.51%
Real Estate	0.60%
REITS	0.10%
Retail REITs	2.30%
Hotel and Resort REITs	1.75%
Specialized REITs	1.15%
Diversified REITs	0.10%
Industrial REITs	0%	0

Industry PE

Investors are most optimistic about the Diversified REITs industry, which is trading close to its 3-year average PE ratio of 37.8x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
4340 Al Rajhi REIT Fund	ر.س8.34	1.2% +ر.س27.6m	-0.5%	PB1x
4342 Jadwa Investment - Jadwa Reit Saudi Fund	ر.س11.26	0.9% +ر.س18.7m	11.0%	PB1.2x
4338 Alahli Capital - Al-Ahli Reit Fund	ر.س6.45	1.1% +ر.س9.6m	-6.5%	PB0.8x
4348 Alkhabeer REIT Fund	ر.س5.77	0.7% +ر.س5.6m	0.3%	PB0.8x
4344 SEDCO Capital REIT Fund	ر.س7.79	0.4% +ر.س5.6m	14.1%	PB1x

Company

Last Price

Valuation

4340 Al Rajhi REIT Fund

ر.س8.34

1.2%
+ر.س27.6m

-0.5%

PB1x

4342 Jadwa Investment - Jadwa Reit Saudi Fund

ر.س11.26

0.9%
+ر.س18.7m

11.0%

PB1.2x

4338 Alahli Capital - Al-Ahli Reit Fund

ر.س6.45

1.1%
+ر.س9.6m

-6.5%

PB0.8x

4348 Alkhabeer REIT Fund

ر.س5.77

0.7%
+ر.س5.6m

0.3%

PB0.8x

4344 SEDCO Capital REIT Fund

ر.س7.79

0.4%
+ر.س5.6m

14.1%

PB1x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Market cap is less than US$100m (ر.س217.5m market cap, or US$58.0m).

Saudi Arabian (Tadawul) REITS Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

SEDCO Capital REIT Fund announces Quarterly dividend, payable on July 30, 2026

Fourth quarter dividend increased to ر.س0.10

Fourth quarter dividend of ر.س0.10 announced

Jadwa Investment - Jadwa Reit Saudi Fund announces Quarterly dividend

Al Rajhi REIT Fund announces Quarterly dividend

Fourth quarter dividend of ر.س0.08 announced

High number of new and inexperienced directors

First half dividend of ر.س0.16 announced

First half dividend of ر.س0.22 announced

New minor risk - Financial data availability

New minor risk - Financial data availability

Now 21% undervalued after recent price drop

New major risk - Shareholder dilution

MEFIC REIT Fund Announces the Distribution of Cash Dividends for the Period from 01 January 2023 to 31 December 2023