Al-Salam Real Estate Investment Trust (“Al-Salam REIT”) is a Shariah-compliant fund that invests in diversified Shariah-compliant properties. The properties of Al-Salam REIT, which has a diverse portfolio, are strategically located throughout Malaysia. Al-Salam REIT achieved its first milestone on 29 September 2015, when it was listed on Bursa Malaysia Securities Berhad’s Main Market with an initial property value of RM903.1 million. Al-Salam REIT began with 31 properties in 2015 and has grown to 54 properties across Malaysia, including 4 retail outlets, an office building, 42 F&B restaurants, 6 industrial assets and a college. Al-Salam REIT’s property value increased to RM1.24 billion as of 31 December 2024 from its initial investment. Al-Salam REIT’s market capitalisation was RM217.5 million as of 31 December 2024.
Metrics to compare | ALSA | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipALSAPeersSector | |
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P/E Ratio | 39.0x | 12.9x | 8.4x | |
PEG Ratio | −0.52 | −0.59 | 0.01 | |
Price/Book | 0.3x | 0.8x | 0.9x | |
Price / LTM Sales | 2.6x | 5.2x | 3.7x | |
Upside (Analyst Target) | 15.5% | 19.7% | 17.4% | |
Fair Value Upside | Unlock | −4.7% | 3.0% | Unlock |