Derayah REIT Fund (SAU:4339) Scaled Net Operating Assets: 0.95 (As of Dec. 2025)


SAU:4339 Derayah REIT Fund SAU:4339
67 GF Score
Price ﷼5.53
GF Value ﷼5.90
Valuation Fairly Valued
! 8 Warning Signs
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What is Derayah REIT Fund Scaled Net Operating Assets?

Derayah REIT Fund SAU:4339 67 Scaled Net Operating Assets is 0.95 as of Dec. 2025. GuruFocus rates SAU:4339 with a GF Score™ of 67/100 and a GF Value™ of ﷼5.90 (Fairly Valued). The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Derayah REIT Fund's operating assets for the quarter that ended in Dec. 2025 was ﷼1,479.1 Mil. Derayah REIT Fund's operating liabilities for the quarter that ended in Dec. 2025 was ﷼41.5 Mil. Derayah REIT Fund's Total Assets for the quarter that ended in Jun. 2025 was ﷼1,507.7 Mil. Therefore, Derayah REIT Fund's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.95.


Derayah REIT Fund Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Derayah REIT Fund's Scaled Net Operating Assets 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.

Derayah REIT Fund Scaled Net Operating Assets Chart

Derayah REIT Fund Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.94 0.96 0.90 0.95 0.94

Derayah REIT Fund Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets 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 0.91 0.98 0.94 0.95 0.95

SAU:4339 vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Derayah REIT Fund's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Derayah REIT Fund Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Derayah REIT Fund's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Derayah REIT Fund's Scaled Net Operating Assets falls into.


SAU:4339
67GF Score
Derayah REIT Fund SAU:4339
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Derayah REIT Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Derayah REIT Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1479.055-41.512)/1526.651
=0.94

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1492.392 - 13.337
=1479.055

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=651.512 - 610 - 0
=41.512

Derayah REIT Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(1479.055-41.512)/1507.747
=0.95

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1492.392 - 13.337
=1479.055

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=651.512 - 610 - 0
=41.512

* 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.

What does a Scaled Net Operating Assets of 0.95 mean?
Derayah REIT Fund (SAU:4339) has a Scaled Net Operating Assets of 0.95 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Derayah REIT Fund and its competitors.
Is Derayah REIT Fund's Scaled Net Operating Assets too high?
Derayah REIT Fund's current Scaled Net Operating Assets is 0.95. Overall, Derayah REIT Fund has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Derayah REIT Fund's Scaled Net Operating Assets compare to VICI and WPC?
Derayah REIT Fund's Scaled Net Operating Assets of 0.95 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Derayah REIT Fund and its competitors. Derayah REIT Fund's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derayah REIT Fund stock overvalued right now?
Based on GuruFocus' analysis, Derayah REIT Fund (SAU:4339) is currently considered Fairly Valued. The stock's GF Value™ is ﷼5.90, compared to a current price of ﷼5.53 — trading 6.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.95. Derayah REIT Fund's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Derayah REIT Fund (SAU:4339), the current Scaled Net Operating Assets is 0.95 as of Dec. 2025. 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 Derayah REIT Fund (SAU:4339) Overvalued in 2026?

Based on GuruFocus' analysis, Derayah REIT Fund stock appears to be undervalued. The current stock price of ﷼5.53 is trading 6.3% below its estimated GF Value™ of ﷼5.90. GuruFocus considers Derayah REIT Fund to be Fairly Valued.

Key valuation signals for SAU:4339:

  • Scaled Net Operating Assets: 0.95
  • GF Value™: ﷼5.90 vs. price of ﷼5.53 (6.3% below fair value)
  • GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the SAU:4339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Derayah REIT Fund Business Description

Industry Real EstateREITs
Address Al Takhassousi Street, P.O Box 663330, Riyadh Prestige Center, Riyadh, SAU, 11323
Derayah REIT Fund operates as a real estate investment company in Saudi Arabia. Its aim is to generate income on the invested capital by acquiring a number of diverse, completed, and income-generating real estate assets in Saudi Arabia with the exception of Mecca and Medina. The company services include Real Estate, Unified Trading, Margin Financing, Asset Management, Equity, and Alternative investment funds.
67GF Score

Get the complete analysis for SAU:4339

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

﷼5.53
Price
﷼5.90
GF Value