The table below is the financial summary of Al-Salam REIT.
FYE 2011 FYE 2012 FYE 2013 FYE 2014 FPE Jun 2014 FPE Jun 2015 Revenue (RM’000) 9,920 10,792 10,631 13,714 5,546 17,810 Net Property Income (NPI) (RM’000) 4,662 4,888 5,105 (2,080) (1,104) 7,217 Distributable income is the Net Property income (NPI) minus the utilities, maintenance expenses and other operating expenses such as trust expenses (management fee and trustee fee).
Newly-listed Al-Salam Real Estate Investment ( Valuation: N/A, Fundamental: N/A) Trust (Al-Salam REIT) is targeting to acquire at least three new assets within the next two years.
Al-Salam REIT chief executive officer Datuk Kamaruzzaman bin Abu Kassim said the assets will be a combination of retail and offices within the vicinity of Kuala Lumpur and the state of Johor.
Kamaruzzaman noted that part of the proceeds from the group’s initial public offering (IPO) would be utilised to acquire new assets.
Doubt if this share is qualified to be listed at main board as its Net Property Income (NPI) is negative in the year 2014. It is listed due to political interference?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
themuizz
1 posts
Posted by themuizz > 2015-09-29 09:10 | Report Abuse
i got some . just try my luck