realestate

Al-Salam REIT Reports Q3 2024 Earnings, EPS at RM0.002

Al-Salam REIT Q3 2024 Results: Key Financial Highlights and Revenue Performance

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evenue declined 1.1% year-over-year to RM19.2m, while net income plummeted 49% to RM1.37m. The profit margin also dropped significantly from 14% to 7.2%. Earnings per share (EPS) decreased to RM0.002, down from RM0.005 in the previous quarter.

    Looking ahead, revenue is forecast to grow at an average annual rate of 6.2% over the next three years, outpacing the REITs industry's projected growth of 3.4%. However, the company's shares have declined 5.3% in the past week and are showing seven warning signs, two of which are particularly concerning.

    Note that our analysis is general in nature and not intended to be financial advice. We provide commentary based on historical data and analyst forecasts using an unbiased methodology. Our articles do not constitute a recommendation to buy or sell any stock and do not take into account your individual objectives or financial situation.

Al-Salam REIT reports quarterly earnings for Q3 2024 in Malaysia.