Last Price Today's Change   Day's Range   Trading Volume
0.45   0.00 (0.00%)  0.445 - 0.45  52,700
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Market Cap: 261 Million
NOSH: 580 Million
Avg Volume (4 weeks):118,995
4 Weeks Range:0.37 - 0.45
4 Weeks Price Volatility (%):
52 Weeks Range:0.33 - 0.51
52 Weeks Price Volatility (%):
Average Price Target: 0.80
Price Target Upside/Downside: +0.35

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  24-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  30-May-2023
T4Q P/E | EY: 3.99  |  25.06%
T4Q DY | Payout %: 9.56%  |  38.13%
T4Q NAPS | P/NAPS: 1.1031  |  0.41
T4Q NP Margin | ROE: 91.11%  |  10.22%


Date Subject
18-Jul-2022 Mplus Market Pulse - 18 Jul 2022

Business Background

Al-Salam Real Estate Investment Trust is an Islamic REIT (Real Estate Investment Trust) based in Malaysia. The principal activity of the trust is to invest in Shariah-compliant properties. Its segments include Retail, Office, Food, and Beverage (F&B), which consist of the restaurant and non-restaurant outlets. The company's key objective is to provide Unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth.
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  2 people like this.
Beza The new said unlisted/private REITs need to pay 24% tax even though they release 90% net profit as dividend --- New Government Ruling. This favors the present public-listed REITs where they don't be taxed at all as long as they release 90% net profits as dividend to shareholders.
25/09/2017 2:13 PM
shortinvestor77 Al-Salam Real Estate Investment Trust
(Oct 5, RM1.00)
Maintain buy recommendation with a target price (TP) of RM1.15: We are mildly positive on Al-Salam Real Estate Investment Trust’s (Al-Salam REIT) proposed acquisition of a hypermarket asset in Terengganu as the leaseback will be based on a triple net lease structure.

Al-Salam REIT has proposed to acquire Mydin Hypermarket Gong Badak building in Kuala Terengganu from its vendor, Mydin Wholesale Cash and Carry Sdn Bhd, for RM155 million in cash (excluding acquisition expenses of RM2.6 million) — 2% below the appraised market value of RM158 million.

The deal also entails a leaseback arrangement of 30 years with rental step-up (5% every two years; monthly/annual rental not disclosed) and a triple net lease structure. The acquisition will be funded by borrowings and is expected to be completed in first quarter of 2018. The vendor is primarily engaged in the operations of a hypermarket, supermarket and emporium, as well as franchising, wholesale business and mall management.

We are mildly positive on the deal as a triple net lease structure would provide stable, recurring rental income to Al-Salam REIT with low occupancy risks. Based on our ballpark calculation, assuming a net property yield of 6% and borrowing cost of 5.2%, the hypermarket asset could raise our earnings per unit and distribution per unit forecasts for FY18/FY19/FY20 by 12%/4%/6% respectively.

The purchase could increase AL-Salam REIT’s gross gearing to 0.44 times and total property value by 17% to RM1.077 billion.

We maintain our earnings forecasts pending further disclosures from Al-Salam REIT. We continue to like Al-Salam REIT for its balanced portfolio consisting of stable assets on long and triple net leases, and the Komtar JBCC mall which provides earnings upside. — MaybankIB Research, Oct 4
06/10/2017 11:32 AM
Value Investor Coo1eo shorty - buy or not?
06/10/2017 11:54 AM
shortinvestor77 With the injection of Mydin Hypermarket, its total property value will be RM1.077 billion. Funds will then consider to invest. Amit can queue at RM1 and wait for a year or longer if you are interested with low risk reits.
06/10/2017 2:15 PM
shortinvestor77 RHB Investment Bank adjusts TP from 1.18 to 1.20.
06/10/2017 2:27 PM
shortinvestor77 目标价:1.10令吉


Al Salam产托(ALSREIT,5269,主板产托股)以1.15亿令吉,向经营知名快餐连锁店的QSR品牌,收购全国22项产业。

根据协议,完成收购后,Al Salam产托将把产业租回给QSR品牌。租约为期3年,并可更新最长至15年。

为完成上述收购,Al Salam产托也建议私下配售最多20%的产托单位予第三方投资者。如最终成功售出约10.89%,公司预计可筹得6000万令吉。






06/12/2017 10:35 AM
shortinvestor77 http://www.klsescreener.com/v2/news/view/318519
13/12/2017 3:32 PM
shortinvestor77 https://www.thestar.com.my/business/business-news/2018/01/26/winners-and-losers-from-interest-rate-hike-by-cimb-research/
Furthermore, there should be some uptick in interest cost for borrowings but we believe the impact would be cushioned as most M-REITs have their borrowings on fixed rates with long-term tenures, except for Axis REIT and Pavilion REIT. Our estimation shows that an increase of 25bp in OPR would impact M-REITs earnings by less than c.1.5%.
Read more at https://www.thestar.com.my/business/business-news/2018/01/26/winners-and-losers-from-interest-rate-hike-by-cimb-research/#32IoXSoGhtiE6fl5.99
28/01/2018 1:49 PM
pputeh Will The recent statement my Mydin supermarket owner about consumers having less spending power affect this reit as it has interest in Mydin supermat in Trengganu
12/02/2018 10:18 AM
shortinvestor77 Rental fixed and same before renewal.
12/02/2018 9:17 PM
27/02/2018 4:54 PM
Beza http://klse.i3investor.com/insider/substantialShareholder/5269/09-Mar-2018/422246_921660605.jsp
09/03/2018 3:32 PM
Value Investor Coo1eo Who is going to AGM tomorrow?
18/04/2018 1:41 PM
InvestMY (吉隆坡14日讯)Al Salam产托(ALSREIT,5269,主板产托股)放眼在未来3年,收购约10亿令吉的商用和工业资产。

《The Edge》引述管理该产托的白沙罗产托经理私人有限公司主席拿督卡马鲁扎曼报道,该公司通过增加投资组合内高收益资产,吸引更多投资者。


“个人认为,我会希望未来3年内,每年收购约3亿令吉的产业。每年要收购那么多资产对Al Salam产托料不是问题,因为柔佛机构有很多资产。”



若Al Salam产托成功在未来3年收购10亿令吉ID资产,其组合规模将从目前的9.28亿令吉翻倍。

收购将通过借贷和配售产托单位完成,因此Al Salam产托的规模也会随之扩大。

白沙罗产托经理总执行长万阿兹曼伊斯迈也说,目的是为了让Al Salam产托在基金经理和老练投资者的眼中变得更吸引人。


他补充,Al Salam产托今年正在收购2.7亿令吉的资产,包括以1.55亿令吉收购瓜拉登嘉楼的Mydin超级市场,以及1.15亿令吉收购全马22家餐厅。


至于母公司柔佛机构,已准备将有素质的资产注入到Al Salam产托,不过,万阿兹曼说,也有第三方接洽公司,洽谈关于资产收购的事宜。

15/07/2018 3:09 PM
amber03 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5921021
04/10/2018 3:01 PM
Dakewlest Good to buy?
07/10/2018 1:26 AM
Dakewlest Bought yesterday.
20/10/2018 3:33 PM
shortinvestor77 79 cents you got?
20/10/2018 3:40 PM
bulldog Qbuy@80
21/03/2019 9:29 AM
Shang Kim 0.90 cents and going up
17/04/2019 12:57 PM
Mittens Metro the anchor tenant has left JBCC and premises still unoccupied?
22/04/2019 5:58 PM
kong73 In 3 years as salam reit property portfolio is expected to doube from 1 billion to 2 billion
07/06/2019 5:48 PM
dinobots does it own the holiday onn which on top of komtar jbcc? or get rental from holiday inn?
02/07/2019 7:40 AM
kong73 Holiday inn building is owmed by sks group as part of komtar jbcc development. It will help to boost and enhance komtar jbcc mall as the premier mall in johor city centre
09/07/2019 10:14 AM
LATO' SELI All year high
17/07/2019 7:42 PM
Aerospace got divident today
21/10/2019 2:35 PM
Aerospace its cheaper now.
11/12/2019 9:05 AM
investfuture Alsreit 2Q2020 quarter report analysis


01/09/2020 8:33 PM
reitpulse Post removed. Why?
06/09/2020 1:17 PM
bulldog Accumulation in progress

Huat chaiii
04/12/2020 3:12 PM
investfuture ALSREIT 3Q2020 Analysis


26/12/2020 10:26 AM
fortunefire Why today keep dropping?
30/12/2020 5:13 PM
wolf515 Someone keep sell down, these few days I support buy on 0.60 until out of bullet....
31/12/2020 11:39 AM
31/12/2020 5:24 PM
fortunefire i also bot 0.55
03/01/2021 12:18 PM
fortunefire this reit goes up faster than any other reit
03/02/2021 11:25 AM
reitpulse Post removed. Why?
25/02/2021 1:18 PM
Alain22 Slow but sure
01/03/2021 11:47 AM
lam6339 0.6 can buy im new
20/05/2021 10:30 AM
fortunefire nice price for today.
26/07/2021 4:40 PM
cn21 https://www.orientaldaily.com.my/news/central/2021/08/29/434432?fbclid=IwAR3mqsGTz5uRR8rxBkIzWMmay2RGVLa4zyj_RDPWMDUuIgmfAAVyn7rm0oE
30/08/2021 3:13 PM
investortrader88 Bought some tickets at RM 0.505.good luck guys.
13/09/2021 4:26 PM
fortunefire bought some at 0.500
14/09/2021 5:06 PM
reitpulse Post removed. Why?
19/09/2021 11:55 AM
kong73 good shasring reitpulse
04/10/2021 9:34 AM
valueplayer Post removed. Why?
14/12/2021 11:33 AM
Let's Gooooo What is the reason behind the price spike?
29/12/2021 9:06 AM
cn21 https://www.enanyang.my/%E6%9F%94%E4%BD%9B/%E6%9F%94%E6%94%BF%E5%BA%9C%E6%94%AF%E6%8C%813%E6%9C%881%E6%97%A5%E5%BC%80%E6%94%BE%E5%9B%BD%E9%97%A8?fbclid=IwAR1i4pkEYxaibjpNFZXfUexFKhT6IKmMhphm6zaToYzN-VmF-f9xYaieFzM

11/02/2022 3:14 PM
cn21 https://www.enanyang.my/%E4%BC%98%E7%94%9F%E6%B4%BB/%E3%80%90%E5%8D%97%E8%A7%86%E7%95%8C%E3%80%91%E9%80%9B%E8%A1%97%E8%B4%AD%E7%89%A9%E7%9C%8B%E7%94%B5%E5%BD%B1-%E5%95%86%E5%9C%BA%E4%BA%BA%E6%BD%AE%E5%9B%9E%E6%9D%A5%E4%BA%86?fbclid=IwAR29Jc4CkAG3tQKKWsxUy2FcvVk6DkTpPPil30GL-JuIPWotsEQroKJINRA
23/04/2022 9:58 PM
warchest Accumulation in progress. Rental reversion, lower rebates and reopening of the economy. 80 cents in the making
25/02/2023 10:04 PM

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