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Alpha Integrated Real Estate Investment Trust

Alpha Integrated Real Estate Investment Trust

0.48
SGD
0.00
(0.00%)
368.58MMarket Cap
Jan 21Next Earn
Alpha Integrated Real Estate Investment Trust
SGX:M1GU
(Singapore Exchange)

Recent

price

0.48

P/E

ratio

- -

div

yld

4.53%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SGD
0.11
0.11
0.12
0.13
0.14
0.12
0.08
0.08
0.07
0.07
0.08
0.09
0.1
0.1
0.11
- -
Revenue per Share
0.12
0.1
0.08
0.05
-0.1
-0.08
-0.03
0.06
0.02
-0.04
0.05
0.05
0.02
0.01
0.06
- -
Basic EPS, GAAP
0.13
0.08
0.1
0.09
0.1
0.07
0.05
0.04
0.04
0.04
0.05
0.04
0.04
0.02
0.05
- -
Free Cash Flow per Basic Share
0.06
0.08
0.08
0.06
0.07
0.05
0.03
0.03
0.03
0.01
0.03
0.02
0.02
0.02
0.03
0.02
Dividend per Share
0.94
0.96
0.96
0.93
0.78
0.75
0.54
0.57
0.57
0.51
0.52
0.53
0.52
0.5
0.53
0.51
Book Value per Share
0.93
0.95
0.95
0.93
0.78
0.75
0.54
0.57
0.57
0.51
0.52
0.53
0.52
0.5
0.53
0.51
Tangible Book Value per Share
724
731
753
797
725
736
1,032
1,053
1,053
1,053
1,058
1,084
1,104
1,122
1,125
1,053
Basic Weighted Avg Shares
77
82
89
100
101
92
85
81
76
72
82
95
112
113
120
- -
Sales/Revenue/Turnover
85.13
83.02
79.52
63.43
62.63
54.57
53.65
57.97
59.89
50.88
56.48
49.68
39.66
39.32
49.4
- -
Operating Margin (%)
1
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
88
74
63
37
-73
-62
-27
68
21
-42
49
53
18
11
64
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.98
4.88
0.01
- -
Effective Tax Rate (%)
114.68
91.04
70.84
36.78
-72.84
-68.04
-31.47
83.6
27.06
-58.87
59.6
55.6
16.15
10.04
53.28
- -
Profit Margin (%)
6
4
-129
-93
-87
-113
-112
-67
-56
-156
9
-8
-105
2
-69
-128
Working Capital
348
421
317
380
334
308
248
189
292
198
387
364
285
416
347
225
LT Debt
682
703
757
773
654
557
572
604
595
540
556
586
577
565
593
539
Total Equity
- -
6.26
4.37
5.18
- -
- -
- -
4.93
4.77
- -
5.02
4.98
4.49
4.34
5.93
- -
Return on Invested Capital (%)
- -
8.2
6.83
4.4
- -
- -
- -
8.56
3.67
- -
6.68
7.05
3.96
3.21
8.07
- -
Return on Capital (%)
- -
10.75
8.69
4.83
-10.3
-10.32
-4.75
11.51
3.44
-7.44
8.91
9.24
3.11
1.99
11.05
- -
Return on Common Equity (%)

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
177
63
137
LT Borrowings
100
219
152
LT Finance Leases
74
73
73
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,053
1,053
1,053
Market Capitalization
479
484
369

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
23
22
25
Cash, Cash Equivalents & STI
4
4
8
Accounts Receivable, Net
3
- -
4
Inventories
- -
- -
- -
Total Current Liabilities
189
78
152
Payables & Accruals
- -
- -
- -
ST Debt
177
63
137
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.76%
1.94%
4.91%
Free Cash Flow
4.91%
19.4%
122.28%
Net Income, GAAP
-64.61%
30.44%
462.62%
Sales/Revenue/Turnover
2.23%
11.05%
5.97%
Total Cash Common Dividend
7.72%
36.15%
57.45%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
113
2025
- -
31
120
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
0.04
0.06
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.02
2025
- -
- -
0.03
2026
- -
- -
- -
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Business
Alpha Integrated Real Estate Investment Trust (AI-REIT, SGX: M1GU), formerly Sabana Industrial REIT, operates as a Singapore-listed real estate investment trust that invests primarily in income-producing industrial properties in Singapore; its diversified portfolio comprises 18 properties with a total gross floor area of approximately 4.2 million square feet across high-tech industrial, warehouse and logistics, chemical warehouse and logistics, and general industrial sectors, including medium-rise high-tech buildings along central fringes, facilities near Jurong Island for chemical logistics, spaces equipped with loading docks for general warehousing, and multi-purpose industrial buildings; the trust generates revenue mainly from tenant leases in these segments, with total assets exceeding S$1.0 billion as of late 2023 and a market capitalization around US$405 million. Headquartered at 151 Lorong Chuan #02-03, New Tech Park, Singapore, AI-REIT was constituted on 29 October 2010 and listed on the Singapore Exchange on 26 November 2010; it targets institutional and retail investors seeking exposure to Singapore's industrial real estate market and is a constituent of the SGX SREIT Index and MSCI Singapore Micro Cap Index. In a major strategic shift completed on 23 October 2025, AI-REIT finalized the internalization of its management by appointing Alpha Integrated REIT Management Pte. Ltd. (AIRM) as its new internal manager, replacing the external Sabana Real Estate Investment Management Pte. Ltd. following unitholder approval in 2023 and resolution of related disputes; this pioneering move makes it the first Singapore REIT with an internal management model, enhancing transparency and accountability; AIRM subsequently appointed experienced executives including CEO Karen Lee Kiah Ling (over 20 years in industrial real estate, formerly at Ascendas and ESR), CFO Goo Li Ling (ex-Suntec REIT and Lendlease), and CIO Wayne Tan (from ESR and LOGOS); the trust deed was amended to reflect the new structure, lender waivers were secured, and the REIT was officially renamed Alpha Integrated Real Estate Investment Trust, with the ticker unchanged.