Al-Salam Real Estate Investment Trust Future Growth

Future criteria checks 2/6

Al-Salam Real Estate Investment Trust is forecast to grow earnings and revenue by 6% and 7.8% per annum respectively. EPS is expected to grow by 2.4% per annum. Return on equity is forecast to be 3.6% in 3 years.

Key information

6.0%

Earnings growth rate

2.4%

EPS growth rate

REITs earnings growth	-0.2%
Revenue growth rate	7.8%
Future return on equity	3.6%
Analyst coverage	Low
Last updated	22 Feb 2024

Recent future growth updates

Recent updates

Downgrade: Here's How This Analyst Sees Al-Salam Real Estate Investment Trust (KLSE:ALSREIT) Performing In The Near Term

May 29

Al-Salam Real Estate Investment Trust's (KLSE:ALSREIT) Shareholders Are Down 40% On Their Shares

Feb 22

Earnings and Revenue Growth Forecasts

KLSE:ALSREIT - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	96	23	N/A	24	1
12/31/2025	93	23	N/A	19	1
12/31/2024	83	15	N/A	13	1
12/31/2023	76	22	42	43	N/A
9/30/2023	77	61	48	49	N/A
6/30/2023	75	63	52	52	N/A
3/31/2023	74	64	53	53	N/A
12/31/2022	72	65	51	51	N/A
9/30/2022	70	4	47	47	N/A
6/30/2022	69	4	36	36	N/A
3/31/2022	70	2	32	32	N/A
12/31/2021	72	3	37	37	N/A
9/30/2021	74	-16	31	27	N/A
6/30/2021	78	-15	29	27	N/A
3/31/2021	82	-15	24	22	N/A
12/31/2020	86	-14	28	28	N/A
9/30/2020	90	26	43	45	N/A
6/30/2020	92	28	54	55	N/A
3/31/2020	94	34	65	66	N/A
12/31/2019	95	36	63	63	N/A
9/30/2019	94	42	53	56	N/A
6/30/2019	91	42	60	62	N/A
3/31/2019	86	41	57	59	N/A
12/31/2018	82	40	52	52	N/A
9/30/2018	79	38	48	48	N/A
6/30/2018	79	38	42	42	N/A
3/31/2018	79	39	44	44	N/A
12/31/2017	80	41	47	48	N/A
9/30/2017	81	49	N/A	49	N/A
6/30/2017	81	50	N/A	51	N/A
3/31/2017	79	49	N/A	54	N/A
12/31/2016	76	47	N/A	53	N/A
9/30/2016	81	43	N/A	64	N/A
6/30/2016	55	30	N/A	N/A	N/A
3/31/2016	38	22	N/A	N/A	N/A
12/31/2015	30	18	N/A	35	N/A
9/30/2015	8	0	N/A	N/A	N/A
6/30/2015	19	3	N/A	N/A	N/A
3/31/2015	21	2	N/A	N/A	N/A
12/31/2014	15	-2	N/A	N/A	N/A
12/31/2013	11	5	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALSREIT's forecast earnings growth (6% per year) is above the savings rate (3.6%).

Earnings vs Market: ALSREIT's earnings (6% per year) are forecast to grow slower than the MY market (11.8% per year).

High Growth Earnings: ALSREIT's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALSREIT's revenue (7.8% per year) is forecast to grow faster than the MY market (5.9% per year).

High Growth Revenue: ALSREIT's revenue (7.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALSREIT's Return on Equity is forecast to be low in 3 years time (3.6%).

Al-Salam Real Estate Investment Trust Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 11%

Price target increased by 40% to RM0.49

Consensus EPS estimates fall by 10%

Price target decreased to RM0.35

Analysts lower EPS estimates to RM0.028

Price target lowered to RM0.56

Recent updates

Al-Salam Real Estate Investment Trust, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: EPS: RM0.037 (vs RM0.11 in FY 2022)

Third quarter dividend reduced to RM0.001

Al-Salam Real Estate Investment Trust Announces Resignation of Dato Salehuddin Bin Hassan as Non Independent and Non Executive Director

Al-Salam Real Estate Investment Trust Announces Change in Composition of Board Committees

Third quarter 2023 earnings released: EPS: RM0.005 (vs RM0.008 in 3Q 2022)

Second quarter 2023 earnings released: EPS: RM0.006 (vs RM0.008 in 2Q 2022)

Al-Salam Real Estate Investment Trust Announces Appointment of Shamsul Anuar Bin Abdul Majid as Non Independent and Non Executive Member of Nomination and Remuneration Committee

Consensus revenue estimates fall by 11%

First quarter 2023 earnings released: EPS: RM0.006 (vs RM0.008 in 1Q 2022)

Downgrade: Here's How This Analyst Sees Al-Salam Real Estate Investment Trust (KLSE:ALSREIT) Performing In The Near Term

Price target increased by 40% to RM0.49

Full year 2022 earnings released: EPS: RM0.11 (vs RM0.006 in FY 2021)

Upcoming dividend of RM0.015 per share at 5.3% yield

Al-Salam Real Estate Investment Trust Appoints Ym Raja Nazirin Shah Bin Raja Mohamad as Chief Executive Officer

Consensus EPS estimates fall by 10%

Price target decreased to RM0.35

Third quarter 2022 earnings released: EPS: RM0.008 (vs RM0.008 in 3Q 2021)

Al-Salam Real Estate Investment Trust Appoints Datuk Hashim Bin Wahir as the Board Investment Committee

High number of new and inexperienced directors

Second quarter 2022 earnings released: EPS: RM0.008 (vs RM0.005 in 2Q 2021)

Al-Salam Real Estate Investment Trust Announces Cessation of Office of Encik Wan Azman Bin Ismail as Executive Director

First quarter 2022 earnings: EPS and revenues miss analyst expectations

High number of new and inexperienced directors

Al-Salam Real Estate Investment Trust, Annual General Meeting, Apr 20, 2022

Al-Salam Real Estate Investment Trust Appoints Dato Salehuddin Bin Hassan as Non Independent and Non Executive Director

Full year 2021 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of RM0.018 per share

Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2021 earnings released: EPS RM0.005 (vs RM0.005 in 2Q 2020)

First quarter 2021 earnings released: EPS RM0.009 (vs RM0.012 in 1Q 2020)

Al-Salam Real Estate Investment Trust Announces New Composition of the Investment Committee

Al-Salam Real Estate Investment Trust Appoints Encik Abdullah Bin Abu Samah as Independent and Non Executive Director

Independent Non-Executive Director of Damansara REIT Managers Sdn Berhad has left the company

Full year 2020 earnings released: RM0.023 loss per share (vs RM0.062 profit in FY 2019)

Revenue beats expectations, earnings disappoint

Full year 2020 earnings released: RM0.023 loss per share (vs RM0.062 profit in FY 2019)

Revenue beats expectations, earnings disappoint

Al-Salam Real Estate Investment Trust's (KLSE:ALSREIT) Shareholders Are Down 40% On Their Shares

Upcoming Dividend of RM0.012 Per Share

Al-Salam Real Estate Investment Trust Appoints Datuk Akmal Bin Ahmad as Director

Al-Salam Real Estate Investment Trust Announces Resignation of Encik Yusaini Bin Sidek as Non-Independent and Non-Executive Director

Analysts lower EPS estimates to RM0.028

Third quarter 2020 earnings released: EPS RM0.01

Price target lowered to RM0.56

New 90-day low: RM0.52

New 90-day low: RM0.57

New 90-day low: RM0.62

Al-Salam Real Estate Investment Trust (KLSE:ALSREIT) completed the acquisition of 22 properties in Malaysia from KFC (Peninsular Malaysia) Sdn. Bhd., KFC (Sabah) Sdn. Bhd., Kentucky Fried Chicken (Malaysia) Sdn Bhd and SPM Restaurants Sdn Bhd.

Analysts lower EPS estimates to RM0.036

New 90-day low - RM0.65

First half earnings released

New 90-day low - RM0.68

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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