Al Mal Capital REIT (DFM:AMCREIT) Piotroski F-Score: 4 (As of Jul. 15, 2026) — Near Median

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DFM:AMCREIT Al Mal Capital REIT DFM:AMCREIT
25 GF Score
Price د.إ1.13
! 8 Warning Signs
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What is Al Mal Capital REIT Piotroski F-Score?

Al Mal Capital REIT DFM:AMCREIT 25 Piotroski F-Score is 4 as of Jul. 15, 2026, which is at its 10-year median of 4.00. GuruFocus rates DFM:AMCREIT with a GF Score™ of 25/100. The stock has 8 warning signs investors should review. Among 882 REITs companies, Al Mal Capital REIT ranks worse than 76.64% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Al Mal Capital REIT has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Al Mal Capital REIT's Piotroski F-Score or its related term are showing as below:

DFM:AMCREIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 7
Current: 4

During the past 5 years, the highest Piotroski F-Score of Al Mal Capital REIT was 7. The lowest was 4. And the median was 4.

Al Mal Capital REIT  (DFM:AMCREIT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Al Mal Capital REIT Piotroski F-Score Related Terms


Al Mal Capital REIT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Al Mal Capital REIT's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Al Mal Capital REIT Piotroski F-Score Chart

Al Mal Capital REIT Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 7.00 4.00 4.00

Al Mal Capital REIT Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 0.00 4.00 0.00 4.00

DFM:AMCREIT vs VICI, WPC, BNL: Piotroski F-Score Comparison

For the REIT - Diversified subindustry, Al Mal Capital REIT's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Al Mal Capital REIT Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Al Mal Capital REIT's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Al Mal Capital REIT's Piotroski F-Score falls into.


DFM:AMCREIT
25GF Score
Al Mal Capital REIT DFM:AMCREIT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was د.إ55.92 Mil.
Cash Flow from Operations was د.إ81.17 Mil.
Revenue was د.إ92.15 Mil.
Gross Profit was د.إ80.41 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1055.646 + 1464.286) / 2 = د.إ1259.966 Mil.
Total Assets at the begining of this year (Dec24) was د.إ1,055.65 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ361.19 Mil.
Total Current Assets was د.إ105.59 Mil.
Total Current Liabilities was د.إ292.78 Mil.
Net Income was د.إ61.96 Mil.

Revenue was د.إ66.88 Mil.
Gross Profit was د.إ59.26 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (624.037 + 1055.646) / 2 = د.إ839.8415 Mil.
Total Assets at the begining of last year (Dec23) was د.إ624.04 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ438.74 Mil.
Total Current Assets was د.إ62.65 Mil.
Total Current Liabilities was د.إ37.44 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Al Mal Capital REIT's current Net Income (TTM) was 55.92. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Al Mal Capital REIT's current Cash Flow from Operations (TTM) was 81.17. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=55.921/1055.646
=0.05297325

ROA (Last Year)=Net Income/Total Assets (Dec23)
=61.961/624.037
=0.09929059

Al Mal Capital REIT's return on assets of this year was 0.05297325. Al Mal Capital REIT's return on assets of last year was 0.09929059. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Al Mal Capital REIT's current Net Income (TTM) was 55.92. Al Mal Capital REIT's current Cash Flow from Operations (TTM) was 81.17. ==> 81.17 > 55.92 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=361.191/1259.966
=0.28666726

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=438.738/839.8415
=0.52240572

Al Mal Capital REIT's gearing of this year was 0.28666726. Al Mal Capital REIT's gearing of last year was 0.52240572. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=105.586/292.782
=0.36063009

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=62.646/37.439
=1.67328187

Al Mal Capital REIT's current ratio of this year was 0.36063009. Al Mal Capital REIT's current ratio of last year was 1.67328187. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Al Mal Capital REIT's number of shares in issue this year was 699.013. Al Mal Capital REIT's number of shares in issue last year was 512.074. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=80.412/92.148
=0.87263967

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=59.258/66.876
=0.88608768

Al Mal Capital REIT's gross margin of this year was 0.87263967. Al Mal Capital REIT's gross margin of last year was 0.88608768. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=92.148/1055.646
=0.08729063

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=66.876/624.037
=0.10716672

Al Mal Capital REIT's asset turnover of this year was 0.08729063. Al Mal Capital REIT's asset turnover of last year was 0.10716672. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+0+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Al Mal Capital REIT has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Al Mal Capital REIT (DFM:AMCREIT) has a Piotroski F-Score of 4 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Al Mal Capital REIT and its competitors. This is near median its historical median of 4.00. Over the past decade, Al Mal Capital REIT's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Al Mal Capital REIT ranks #676 out of 882 companies in the REITs industry, placing it in the top 76.6%.
Is Al Mal Capital REIT's Piotroski F-Score too high?
Al Mal Capital REIT's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Al Mal Capital REIT's value of 4 is 33.3% below this industry median. Based on the distribution chart, Al Mal Capital REIT ranks #676 out of 882 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Al Mal Capital REIT has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Al Mal Capital REIT's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Al Mal Capital REIT ranks #676 out of 882 companies for Piotroski F-Score. This places Al Mal Capital REIT in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Al Mal Capital REIT's value of 4 is 33.3% below this benchmark. Historically, Al Mal Capital REIT's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Al Mal Capital REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 882 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Al Mal Capital REIT's current Piotroski F-Score of 4 is 33.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Al Mal Capital REIT and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Mal Capital REIT's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Mal Capital REIT stock overvalued right now?
Al Mal Capital REIT (DFM:AMCREIT) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% below the REITs industry median of 6.00. Al Mal Capital REIT's overall GF Score™ is 25/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Al Mal Capital REIT (DFM:AMCREIT), the current Piotroski F-Score is 4 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Al Mal Capital REIT Business Description

Industry Real EstateREITs
Address Sheikh Zayed Road, Office 901, P.O. Box 119930, 48 Burj Gate, Downtown Dubai, Dubai, ARE
Al Mal Capital REIT is a United Arab Emirates-based closed-ended real estate investment trust that is involved in investing in income generating real estate assets, including real estate of educational facilities, health facilities, and industrial assets across the United Arab Emirates and the Gulf Cooperation Council (GCC), thereby providing the Unitholders with an attractive annual return through dividend distribution. The company has only one operating segment in the UAE.
25GF Score

Get the complete analysis for DFM:AMCREIT

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ1.13
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