SEDCO Capital REIT Fund (SAU:4344) Operating Income: ﷼148.4 Mil (TTM As of Jun. 2026)

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SAU:4344 SEDCO Capital REIT Fund SAU:4344
74 GF Score
Price ﷼7.34
GF Value ﷼10.81
Valuation Possible Value Trap
! 10 Warning Signs
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What is SEDCO Capital REIT Fund Operating Income?

SEDCO Capital REIT Fund SAU:4344 +0.55% 74 Operating Income is ﷼148.4 Mil as of Jun. 2026. GuruFocus rates SAU:4344 with a GF Score™ of 74/100 and a GF Value™ of ﷼10.81 (Possible Value Trap). The stock has 10 warning signs investors should review.

SEDCO Capital REIT Fund's Operating Income for the six months ended in Jun. 2026 was ﷼70.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ﷼148.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SEDCO Capital REIT Fund's Operating Income for the six months ended in Jun. 2026 was ﷼70.4 Mil. SEDCO Capital REIT Fund's Revenue for the six months ended in Jun. 2026 was ﷼124.4 Mil. Therefore, SEDCO Capital REIT Fund's Operating Margin % for the quarter that ended in Jun. 2026 was 56.56%.

Good Sign:

SEDCO Capital REIT Fund operating margin is expanding. Margin expansion is usually a good sign.

SEDCO Capital REIT Fund's 5-Year average Growth Rate for Operating Margin % was 3.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SEDCO Capital REIT Fund's annualized ROC % for the quarter that ended in Jun. 2026 was 4.23%. SEDCO Capital REIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 723.39%.


SEDCO Capital REIT Fund  (SAU:4344) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SEDCO Capital REIT Fund's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=140.732 * ( 1 - 0% )/( (3304.68 + 3356.406)/ 2 )
=140.732/3330.543
=4.23 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3530.93 - 110.539 - ( 182.499 - max(0, 270.357 - 386.068+182.499))
=3304.68

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3470.404 - 91.337 - ( 22.661 - max(0, 167.153 - 211.138+22.661))
=3356.406

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SEDCO Capital REIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=140.732/( ( (0 + max(-47.733, 0)) + (0 + max(38.909, 0)) )/ 2 )
=140.732/( ( 0 + 38.909 )/ 2 )
=140.732/19.4545
=723.39 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(139.7 + 0 + 63.539) - (110.539 + 0 + 140.433)
=-47.733

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(188.175 + 0 + 0) - (91.337 + 0 + 57.929)
=38.909

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

SEDCO Capital REIT Fund's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=70.366/124.412
=56.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


SEDCO Capital REIT Fund Operating Income Related Terms


SEDCO Capital REIT Fund Operating Income Historical Data

* Premium members only.

The historical data trend for SEDCO Capital REIT Fund's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SEDCO Capital REIT Fund Operating Income Chart

SEDCO Capital REIT Fund Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 38.41 80.85 96.19 98.53 133.04

SEDCO Capital REIT Fund Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.59 44.94 54.98 78.06 70.37
SAU:4344
74GF Score
SEDCO Capital REIT Fund SAU:4344
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SEDCO Capital REIT Fund Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼148.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ﷼148.4 Mil mean?
SEDCO Capital REIT Fund (SAU:4344) has a Operating Income of ﷼148.4 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SEDCO Capital REIT Fund and its competitors.
Is SEDCO Capital REIT Fund's Operating Income too high?
SEDCO Capital REIT Fund's current Operating Income is ﷼148.4 Mil. Overall, SEDCO Capital REIT Fund has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SEDCO Capital REIT Fund's Operating Income compare to VICI and WPC?
SEDCO Capital REIT Fund's Operating Income of ﷼148.4 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SEDCO Capital REIT Fund and its competitors. SEDCO Capital REIT Fund's current Operating Income is ﷼148.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SEDCO Capital REIT Fund stock overvalued right now?
Based on GuruFocus' analysis, SEDCO Capital REIT Fund (SAU:4344) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼10.81, compared to a current price of ﷼7.34 — trading 32.1% below its estimated fair value. The current Operating Income is ﷼148.4 Mil. SEDCO Capital REIT Fund's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For SEDCO Capital REIT Fund (SAU:4344), the current Operating Income is ﷼148.4 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SEDCO Capital REIT Fund (SAU:4344) Overvalued in 2026?

Based on GuruFocus' analysis, SEDCO Capital REIT Fund stock appears to be undervalued. The current stock price of ﷼7.34 is trading 32.1% below its estimated GF Value™ of ﷼10.81. GuruFocus considers SEDCO Capital REIT Fund to be Possible Value Trap.

Key valuation signals for SAU:4344:

  • Operating Income: ﷼148.4 Mil
  • GF Value™: ﷼10.81 vs. price of ﷼7.34 (32.1% below fair value)
  • GF Score™: 74/100 with 10 warning signs

No single metric tells the full story. See the SAU:4344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SEDCO Capital REIT Fund Business Description

Industry Real EstateREITs
Address King Abdulaziz (Malik) Road, P.O. Box 13396, South Tower, Red Sea Mall, Ash Shati District, Jeddah, SAU, 21491
SEDCO Capital REIT Fund is a closed-ended Shariah-compliant real estate investment traded fund. Its activities include dealing, arranging, managing, and operating funds, advising, and custody. The Fund's objective is to provide periodic rental income to its Unitholders by investing mainly in developed properties generating income. Its products are Income Assets, Public Equity, Private Equity, Real Assets, Discretionary Portfolio Management, and Multi-Asset.
74GF Score

Get the complete analysis for SAU:4344

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼7.34
Price
﷼10.81
GF Value