Al-Salam Real Estate Investment Trust (KLSE:ALSREIT) Third Quarter 2024 Results
Key Financial Results
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Revenue: RM19.2m (down 1.1% from 3Q 2023).
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Net income: RM1.37m (down 49% from 3Q 2023).
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Profit margin: 7.2% (down from 14% in 3Q 2023).
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EPS: RM0.002 (down from RM0.005 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Al-Salam Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the REITs industry in Asia.
Performance of the market in Malaysia.
The company's shares are down 5.3% from a week ago.
Risk Analysis
Be aware that Al-Salam Real Estate Investment Trust is showing 7 warning signs in our investment analysis and 2 of those can't be ignored...
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