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ATRI

Atrium Real Estate Investment TrustKLSE:ATRIUM Stock Report

Market Cap

RM292.6m

7D

-1.4%

1Y

28.8%

Updated

26 Oct, 2021

Data

Company Financials +
ATRIUM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health1/6
Dividends4/6

ATRIUM Overview

Atrium Real Estate Investment Trust operates as a logistics-focused real estate investment trust in Malaysia.

Atrium Real Estate Investment Trust Competitors

IGB Real Estate Investment Trust

KLSE:IGBREIT

RM6.0b

Sunway Real Estate Investment Trust

KLSE:SUNREIT

RM5.0b

Pavilion Real Estate Investment Trust

KLSE:PAVREIT

RM4.3b

Axis Real Estate Investment Trust

KLSE:AXREIT

RM2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Atrium Real Estate Investment Trust
Historical stock prices
Current Share PriceRM1.43
52 Week HighRM1.09
52 Week LowRM1.58
Beta0.37
1 Month Change-1.38%
3 Month Change-3.38%
1 Year Change28.83%
3 Year Change28.83%
5 Year Change28.83%
Change since IPO52.94%

Recent News & Updates

Shareholder Returns

ATRIUMMY REITsMY Market
7D-1.4%-0.9%-0.8%
1Y28.8%-3.3%9.6%

Return vs Industry: ATRIUM exceeded the MY REITs industry which returned -3.3% over the past year.

Return vs Market: ATRIUM exceeded the MY Market which returned 9.6% over the past year.

Price Volatility

Is ATRIUM's price volatile compared to industry and market?
ATRIUM volatility
ATRIUM Beta0.37
Industry Beta0.34
Market Beta1

Stable Share Price: ATRIUM is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ATRIUM's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aKum Chanhttps://www.atriumreit.com.my

Atrium Real Estate Investment Trust operates as a logistics-focused real estate investment trust in Malaysia. It owns and invests in real estates and real estate-related assets. The company primarily invests in properties comprising logistics warehouses and factory complexes tenanted to logistics companies and manufacturers.

Atrium Real Estate Investment Trust Fundamentals Summary

How do Atrium Real Estate Investment Trust's earnings and revenue compare to its market cap?
ATRIUM fundamental statistics
Market CapRM292.61m
Earnings (TTM)RM22.64m
Revenue (TTM)RM37.95m

12.9x

P/E Ratio

7.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATRIUM income statement (TTM)
RevenueRM37.95m
Cost of RevenueRM4.24m
Gross ProfitRM33.71m
ExpensesRM11.07m
EarningsRM22.64m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin88.82%
Net Profit Margin59.65%
Debt/Equity Ratio94.6%

How did ATRIUM perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is Atrium Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATRIUM (MYR1.43) is trading below our estimate of fair value (MYR4.29)

Significantly Below Fair Value: ATRIUM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ATRIUM is good value based on its PE Ratio (12.9x) compared to the MY REITs industry average (22.7x).

PE vs Market: ATRIUM is good value based on its PE Ratio (12.9x) compared to the MY market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: ATRIUM is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: ATRIUM is overvalued based on its PB Ratio (1.1x) compared to the MY REITs industry average (0.7x).


Future Growth

How is Atrium Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATRIUM's forecast earnings growth (13.2% per year) is above the savings rate (3.6%).

Earnings vs Market: ATRIUM's earnings (13.2% per year) are forecast to grow faster than the MY market (9.9% per year).

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

Revenue vs Market: ATRIUM's revenue (7.6% per year) is forecast to grow faster than the MY market (6.2% per year).

High Growth Revenue: ATRIUM's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATRIUM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Atrium Real Estate Investment Trust performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATRIUM has high quality earnings.

Growing Profit Margin: ATRIUM's current net profit margins (59.7%) are higher than last year (29.9%).


Past Earnings Growth Analysis

Earnings Trend: ATRIUM's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: ATRIUM's earnings growth over the past year (147.3%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: ATRIUM earnings growth over the past year (147.3%) exceeded the REITs industry -17.2%.


Return on Equity

High ROE: ATRIUM's Return on Equity (8.5%) is considered low.


Financial Health

How is Atrium Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: ATRIUM's short term assets (MYR33.2M) do not cover its short term liabilities (MYR44.7M).

Long Term Liabilities: ATRIUM's short term assets (MYR33.2M) do not cover its long term liabilities (MYR230.8M).


Debt to Equity History and Analysis

Debt Level: ATRIUM's debt to equity ratio (94.6%) is considered high.

Reducing Debt: ATRIUM's debt to equity ratio has increased from 34.3% to 94.6% over the past 5 years.

Debt Coverage: ATRIUM's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: ATRIUM's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Dividend

What is Atrium Real Estate Investment Trust current dividend yield, its reliability and sustainability?

6.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ATRIUM's dividend (6.29%) is higher than the bottom 25% of dividend payers in the MY market (1.5%).

High Dividend: ATRIUM's dividend (6.29%) is in the top 25% of dividend payers in the MY market (4.18%)


Stability and Growth of Payments

Stable Dividend: ATRIUM's dividend payments have been volatile in the past 10 years.

Growing Dividend: ATRIUM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.9%), ATRIUM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure


CEO

Kum Chan (65 yo)

11.5yrs

Tenure

Mr. Kum Chong Chan has been Chief Executive Officer of Atrium Reit Managers Sdn Bhd - manager of Atrium Real Estate Investment Trust since April, 1, 2010 and served as its Chief Operating Officer since Jun...


Leadership Team

Experienced Management: ATRIUM's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: ATRIUM's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Atrium Real Estate Investment Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Atrium Real Estate Investment Trust
  • Ticker: ATRIUM
  • Exchange: KLSE
  • Founded: 2006
  • Industry: Industrial REITs
  • Sector: Real Estate
  • Market Cap: RM292.615m
  • Shares outstanding: 204.63m
  • Website: https://www.atriumreit.com.my

Location

  • Atrium Real Estate Investment Trust
  • 36-2, Jalan 5/101C
  • Off Jalan Kaskas
  • Kuala Lumpur
  • 56100
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:23
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.