Al-Salam Real Estate Investment Trust. Stock Analysis ALSREIT.KL

Al-Salam Real Estate Investment Trust engages in the business of investing in Shariah-compliant properties to provide the unit holders with regular and stable income distributions, sustainable long term unit prices, and distributable income and capital growth, while maintaining an appropriate capital structure. The company is headquartered in Petaling Jaya, Selangor. The company went IPO on 2015-09-29. The principal activity of the Fund is to invest in shariah-compliant properties with the primary objective of providing unitholders with regular and stable income distributions, sustainable long term unit prices and distributable income and capital growth, while maintaining an appropriate capital structure. Its operating divisions include Retail outlets, Office buildings, Food and beverage (F&B) properties comprising restaurant, Industrial and others, and Other comprising fund level operations. The Fund's assets are located in Johor Bahru as well as in major towns throughout Malaysia. Its investment properties include KOMTAR JBCC, Menara KOMTAR, @Mart Kempas, and Malaysian College of Hospitality & Management (MCHM). Damansara REIT Managers Sdn Berhad is the manager of the Fund and AmanahRaya Trustees Berhad serves as a trustee for the fund.