Reported Earnings • Jun 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: RM0.22 (up from RM0.091 in FY 2025). Revenue: RM62.3m (up 22% from FY 2025). Net income: RM116.7m (up 143% from FY 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 184%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Industrial REITs industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jun 17
AME Real Estate Investment Trust, Annual General Meeting, Jul 30, 2026 AME Real Estate Investment Trust, Annual General Meeting, Jul 30, 2026, at 10:00 Singapore Standard Time. Location: no. 2, jalan i-park sac 1/1, taman perindustrian i-park sac, 81400 senai, johor, Malaysia Buy Or Sell Opportunity • Jun 15
Now 20% overvalued Over the last 90 days, the stock has fallen 8.2% to RM1.56. The fair value is estimated to be RM1.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are forecast to decline by 37% per annum over the same time period. Declared Dividend • Apr 25
Fourth quarter dividend of RM0.022 announced Shareholders will receive a dividend of RM0.022. Ex-date: 7th May 2026 Payment date: 28th May 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.4%. Reported Earnings • Apr 23
Full year 2026 earnings released: EPS: RM0.22 (vs RM0.091 in FY 2025) Full year 2026 results: EPS: RM0.22 (up from RM0.091 in FY 2025). Revenue: RM62.3m (up 22% from FY 2025). Net income: RM116.7m (up 143% from FY 2025). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Industrial REITs industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 16
Upcoming dividend of RM0.021 per share Eligible shareholders must have bought the stock before 23 February 2026. Payment date: 18 March 2026. Trailing yield: 4.2%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (5.8%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: RM0.018 (vs RM0.017 in 3Q 2025) Third quarter 2026 results: EPS: RM0.018 (up from RM0.017 in 3Q 2025). Revenue: RM16.0m (up 26% from 3Q 2025). Net income: RM9.57m (up 4.6% from 3Q 2025). Profit margin: 60% (down from 72% in 3Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Industrial REITs industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Dec 19
AME Real Estate Investment Trust (KLSE:AMEREIT) completed the acquisition of i-Park SAC 60 & 61 from IPark Development Sdn. Bhd. AME Real Estate Investment Trust (KLSE:AMEREIT) agreed to acquire i-Park SAC 60 & 61 from IPark Development Sdn. Bhd. for MYR 20 million on July 24, 2024. A cash consideration of MYR 20 million will be paid by AME Real Estate Investment Trust. As part of consideration, MYR 20 million is paid towards assets of i-Park SAC 60 & 61.
The transaction is subject to approval of offer / merger by shareholders of AME Real Estate Investment Trust and approval of offer by shareholders of AME Elite. The expected completion of the transaction is in the third quarter of 2025. As of November 7, 2024, the deal has been approved by shareholders of AME Real Estate Investment Trust and AME Integrated Sdn Bhd. As of January 28, 2025, the conditions precedent of the SPA have yet to be fulfilled. As of October 23, 2025, the parties mutually agreed to extend the period for the fulfilment of the conditions precedent for a further 3 months to January 23, 2026.
cfSolutions Sdn. Bhd. acted as financial advisor for AME Integrated Sdn Bhd.
AME Real Estate Investment Trust (KLSE:AMEREIT) completed the acquisition of i-Park SAC 60 & 61 from IPark Development Sdn. Bhd. on December 17, 2024. New Risk • Dec 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: RM0.018 (vs RM0.017 in 2Q 2025) Second quarter 2026 results: EPS: RM0.018 (up from RM0.017 in 2Q 2025). Revenue: RM15.7m (up 23% from 2Q 2025). Net income: RM9.72m (up 6.3% from 2Q 2025). Profit margin: 62% (down from 72% in 2Q 2025). New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 24
First quarter 2026 earnings released: EPS: RM0.017 (vs RM0.017 in 1Q 2025) First quarter 2026 results: EPS: RM0.017 (in line with 1Q 2025). Revenue: RM14.1m (up 15% from 1Q 2025). Net income: RM9.21m (up 3.6% from 1Q 2025). Profit margin: 65% (down from 72% in 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Industrial REITs industry in Asia. Announcement • Jul 12
AME Real Estate Investment Trust (KLSE:AMEREIT) completed the acquisition of i-TechValley 34 from Pentagon Land Sdn. Bhd. AME Real Estate Investment Trust (KLSE:AMEREIT) agreed to acquire i-TechValley 34 from Pentagon Land Sdn. Bhd. for MYR 27 million on July 24, 2024. A cash consideration of MYR 27 million will be paid by AME Real Estate Investment Trust. Under the terms of the transaction, AME Real Estate Investment Trust (KLSE:AMEREIT) paid MYR 0.54 million on July 24, 2024. The balance disposal consideration is to be paid on the date within 1 month from the unconditional date or such extended date as agreed by AME Real Estate Investment Trust (KLSE:AMEREIT) and Pentagon Land Sdn. Bhd.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. The expected completion of the transaction is July 1, 2025 to September 30, 2025.
AME Real Estate Investment Trust (KLSE:AMEREIT) completed the acquisition of i-TechValley 34 from Pentagon Land Sdn. Bhd. on July 10, 2025. Reported Earnings • Jun 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: RM0.091 (down from RM0.098 in FY 2024). Revenue: RM50.9m (up 6.0% from FY 2024). Net income: RM48.0m (down 6.1% from FY 2024). Profit margin: 94% (down from 107% in FY 2024). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Industrial REITs industry in Asia. Announcement • Jun 17
AME Real Estate Investment Trust, Annual General Meeting, Jul 24, 2025 AME Real Estate Investment Trust, Annual General Meeting, Jul 24, 2025, at 09:30 Singapore Standard Time. Location: no. 2, jalan i-park sac 1/1, taman perindustrian i-park sac, 81400 senai, johor, Malaysia Declared Dividend • Apr 29
Fourth quarter dividend reduced to RM0.018 Dividend of RM0.018 is 2.1% lower than last year. Ex-date: 8th May 2025 Payment date: 30th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.4%. Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: RM0.091 (vs RM0.098 in FY 2024) Full year 2025 results: EPS: RM0.091 (down from RM0.098 in FY 2024). Revenue: RM50.9m (up 6.0% from FY 2024). Net income: RM48.0m (down 6.1% from FY 2024). Profit margin: 94% (down from 107% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Industrial REITs industry in Asia. Announcement • Mar 26
AME Real Estate Investment Trust (KLSE:AMEREIT) acquired i-TechValley 46 from Pentagon Land Sdn. Bhd. AME Real Estate Investment Trust (KLSE:AMEREIT) agreed to acquire i-TechValley 46 from Pentagon Land Sdn. Bhd. for MYR 27.5 million on July 24, 2024.
The transaction is conditional upon approval from acquirer and parent shareholders. The expected completion of the transaction is in the first quarter of 2025. As of November 7, 2024 the deal has been approved by the acquirer shareholders and parent shareholders. As of March 3, 2025 all conditions have been fulfilled and the offer has become unconditional.
Hong Leong Investment Bank Berhad acted as the financial advisor to AME Real Estate Investment Trust (KLSE:AMEREIT). cfSolutions Sdn. Bhd. acted as the financial advisor to AME Elite.
AME Real Estate Investment Trust (KLSE:AMEREIT) completed the acquisition of i-TechValley 46 from Pentagon Land Sdn. Bhd. on March 25, 2025. Announcement • Mar 25
AME Real Estate Investment Trust (KLSE:AMEREIT) agreed to acquire i-Park SAC 34 from IPark Development Sdn. Bhd. for MYR 39.3 million. AME Real Estate Investment Trust (KLSE:AMEREIT) agreed to acquire i-Park SAC 34 from IPark Development Sdn. Bhd. for MYR 39.3 million on March 24, 2025. A cash consideration of MYR 39.3 million will be paid by AME Real Estate Investment Trust. As part of consideration, MYR 39.3 million is paid towards None of i-Park SAC 34. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The deal is expected to be completed in the first quarter of 2026.
Hong Leong Investment Bank Berhad acted as financial advisor for IPark Development Sdn. Bhd. cfSolutions Sdn. Bhd. acted as financial advisor for IPark Development Sdn. Bhd. Price Target Changed • Mar 25
Price target increased by 14% to RM1.75 Up from RM1.53, the current price target is provided by 1 analyst. New target price is 11% above last closing price of RM1.57. Stock is up 19% over the past year. The company is forecast to post earnings per share of RM0.07 for next year compared to RM0.098 last year. Upcoming Dividend • Jan 30
Upcoming dividend of RM0.019 per share Eligible shareholders must have bought the stock before 06 February 2025. Payment date: 28 February 2025. Trailing yield: 5.0%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (6.4%). Reported Earnings • Jan 23
Third quarter 2025 earnings released: EPS: RM0.017 (vs RM0.019 in 3Q 2024) Third quarter 2025 results: EPS: RM0.017 (down from RM0.019 in 3Q 2024). Revenue: RM12.7m (up 3.0% from 3Q 2024). Net income: RM9.16m (down 8.0% from 3Q 2024). Profit margin: 72% (down from 81% in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Industrial REITs industry in Asia. Upcoming Dividend • Nov 14
Upcoming dividend of RM0.019 per share Eligible shareholders must have bought the stock before 21 November 2024. Payment date: 18 December 2024. Trailing yield: 5.1%. Within top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (6.1%). Reported Earnings • Nov 07
Second quarter 2025 earnings released: EPS: RM0.017 (vs RM0.017 in 2Q 2024) Second quarter 2025 results: EPS: RM0.017 (in line with 2Q 2024). Revenue: RM12.8m (up 8.6% from 2Q 2024). Net income: RM9.14m (up 4.9% from 2Q 2024). Profit margin: 72% (down from 74% in 2Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Industrial REITs industry in Asia. Upcoming Dividend • Jul 31
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 07 August 2024. Payment date: 30 August 2024. Trailing yield: 5.0%. Within top quartile of Malaysian dividend payers (4.5%). Lower than average of industry peers (6.1%). Reported Earnings • Jul 25
First quarter 2025 earnings released: EPS: RM0.017 (vs RM0.017 in 1Q 2024) First quarter 2025 results: EPS: RM0.017 (in line with 1Q 2024). Revenue: RM12.3m (up 8.2% from 1Q 2024). Net income: RM8.89m (up 2.9% from 1Q 2024). Profit margin: 72% (down from 76% in 1Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Industrial REITs industry in Asia. Reported Earnings • Jun 19
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.098 (down from RM0.12 in FY 2023). Revenue: RM48.0m (up 75% from FY 2023). Net income: RM51.1m (down 19% from FY 2023). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Industrial REITs industry in Asia. Announcement • Jun 14
AME Real Estate Investment Trust, Annual General Meeting, Jul 25, 2024 AME Real Estate Investment Trust, Annual General Meeting, Jul 25, 2024, at 10:00 Singapore Standard Time. Upcoming Dividend • May 01
Upcoming dividend of RM0.019 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 30 May 2024. Trailing yield: 5.3%. Within top quartile of Malaysian dividend payers (4.5%). Lower than average of industry peers (6.0%). Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: RM0.098 (vs RM0.12 in FY 2023) Full year 2024 results: EPS: RM0.098 (down from RM0.12 in FY 2023). Revenue: RM48.0m (up 75% from FY 2023). Net income: RM51.1m (down 19% from FY 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Industrial REITs industry in Asia. Upcoming Dividend • Feb 13
Upcoming dividend of RM0.019 per share at 5.6% yield Eligible shareholders must have bought the stock before 20 February 2024. Payment date: 18 March 2024. Trailing yield: 5.6%. Within top quartile of Malaysian dividend payers (4.9%). In line with average of industry peers (5.7%). Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: RM0.019 (vs RM0.10 in 3Q 2023) Third quarter 2024 results: EPS: RM0.019 (down from RM0.10 in 3Q 2023). Revenue: RM12.4m (down 19% from 3Q 2023). Net income: RM9.95m (down 82% from 3Q 2023). Profit margin: 81% (down from 350% in 3Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrial REITs industry in Asia. Announcement • Jan 02
AME Real Estate Investment Trust Announces the Re-designation of Lee Sai Boon as Non Independent and Non Executive Chairman AME Real Estate Investment Trust announced the Redesignation of Mr. Lee Sai Boon as Non Independent and Non Executive Chairman. Previous Position: Executive Chairman. Age: 59, Date of change: 02 January 2024. Upcoming Dividend • Nov 16
Upcoming dividend of RM0.018 per share at 5.7% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 18 December 2023. Trailing yield: 5.7%. Within top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (5.5%). Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: RM0.017 (vs RM0.10 in 2Q 2023) Second quarter 2024 results: EPS: RM0.017 (down from RM0.10 in 2Q 2023). Revenue: RM11.8m (down 23% from 2Q 2023). Net income: RM8.72m (down 84% from 2Q 2023). Profit margin: 74% (down from 350% in 2Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Industrial REITs industry in Asia. Board Change • Oct 31
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Executive Director of I REIT Managers Sdn Bhd Kelvin Lee is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Aug 17
Upcoming dividend of RM0.018 per share at 5.7% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 18 September 2023. Trailing yield: 5.7%. Within top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (5.0%). Reported Earnings • Aug 10
First quarter 2024 earnings released First quarter 2024 results: EPS: RM0.017. Net income: RM8.65m (up RM8.65m from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Industrial REITs industry in Asia. Announcement • May 30
AME Real Estate Investment Trust, Annual General Meeting, Jul 12, 2023 AME Real Estate Investment Trust, Annual General Meeting, Jul 12, 2023, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial period ended 31 March 2023 of AME REIT together with the Reports attached thereon; to consider Proposed Authority to allot and issue new units; and to discuss other matters. Upcoming Dividend • May 02
Upcoming dividend of RM0.018 per share at 6.1% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 30 May 2023. Trailing yield: 6.1%. Within top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (4.9%). Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: RM0.10 (vs RM0.052 in FY 2022) Full year 2023 results: EPS: RM0.10 (up from RM0.052 in FY 2022). Net income: RM52.5m (up 95% from FY 2022). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Industrial REITs industry in Asia. Announcement • Dec 07
AME REIT Plans MYR 69.3M Maiden Post-Listing Acquisitions AME Real Estate Investment Trust (KLSE:AMEREIT) is planning its maiden post-listing acquisitions of three industrial properties in Iskandar Malaysia for MYR 69.3 million. The company, which was listed on the Main Market of Bursa Malaysia in September 2022, said the proposed acquisitions would boost its proforma total asset value by 12.8% to approximately MYR 644.1 million. RHB Trustees Bhd in its capacity as the trustee of AME REIT has entered into three conditional sale and purchase agreements with subsidiaries of AME REIT's sponsor, AME Elite Consortium Bhd, for the sale and purchase of the three properties respectively. The three properties consist of two industrial properties in i-Park @ Indahpura in Kulai and an industrial property in i-Park @ Senai Airport City (SAC) in Senai, with a combined agreed lettable area of more than 256,000 sq ft. The proposed acquisitions would increase AME REIT's ALA by 15.9% to approximately 1.9 million sq ft from 1.6 million sq ft at present. All three industrial properties have existing lease arrangements for a tenure of 10 years with an option to renew for a further three to five years, and are expected to provide AME REIT with stable and sustainable income over the tenure of the leases. Two of the industrial properties commenced leases on October 5, 2022 with their respective lessees, namely HID Global Sdn Bhd (Plot 15 Indahpura) and SGS (Malaysia) Sdn Bhd (Plot 43 SAC). The third industrial property to be leased to HQPack Sdn Bhd on Plot 16 Indahpura is currently under construction, with the Certificate of Completion and Compliance expected to be issued by the third quarter of 2023. I REIT Managers Sdn Bhd CEO and ED Chan Wai Leo (picture) the maiden acquisitions post-listing marks a commendable start for AME REIT's growth journey. "Enhancing our proforma total asset value to more than RM640 million within a few months of our flotation exercise denotes our desire to expand the fund. AME REIT will still have a large financing headroom to pursue potential acquisitions in the central and northern regions of Peninsular Malaysia in addition to Johor in the near future," he said. Upon completion of the proposed acquisitions, Chan said, AME REIT retains a premium portfolio of 37 properties containing freehold industrial properties and worker dormitories with steady tenancies. Assuming the proposed acquisitions are fully financed via Islamic financing facilities, AME REIT's gearing ratio is estimated to increase from 0.06 times as at Sept 30, 2022 to 0.16 times. AME REIT is permitted to increase its gearing to 0.5 times of total asset value for future acquisitions. The freehold properties are strategically located in the same vicinity as AME REIT's existing portfolio properties in the Iskandar Malaysia region in Johor, and benefit from easy access to the major highways including Tuas Second Link and North-South Expressway, and Senai Airport. The proposed acquisitions are subject to approvals from unitholders of AME REIT at the forthcoming EGM and the relevant authorities. Barring unforeseen circumstances, the acquisitions of Plot 15 Indahpura and Plot 43 SAC are expected to be completed in the first quarter of 2023, while the acquisition of Plot 16 Indahpura is expected to be completed in the fourth quarter of 2023. As such, the proposed acquisitions are not expected to have material effect on AME REIT's earnings and distributable income for the financial year ending March 31, 2023. Consequently, the proposed acquisitions are expected to contribute positively to AME REIT's future earnings and distributable income. "We are determined to provide our unitholders with regular, stable, and growing income distribution. These three industrial properties will be yield accretive and provide reliable recurring income to AME REIT over the long term," Chan concluded. 
