Paradigm Real Estate Investment Trust (XKLS:5338) Beneish M-Score: 0.00 (As of Jul. 15, 2026)

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XKLS:5338 Paradigm Real Estate Investment Trust XKLS:5338
4 GF Score
Price RM0.94
! 5 Warning Signs
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What is Paradigm Real Estate Investment Trust Beneish M-Score?

Paradigm Real Estate Investment Trust XKLS:5338 +0.54% 4 Beneish M-Score is 0.00 as of Jul. 15, 2026. GuruFocus rates XKLS:5338 with a GF Score™ of 4/100. The stock has 5 warning signs investors should review. Among 758 REITs companies, Paradigm Real Estate Investment Trust ranks worse than 131925.99% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Paradigm Real Estate Investment Trust's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Paradigm Real Estate Investment Trust was 0.00. The lowest was 0.00. And the median was 0.00.

Paradigm Real Estate Investment Trust Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Paradigm Real Estate Investment Trust's Beneish M-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.

Paradigm Real Estate Investment Trust Beneish M-Score Chart

Paradigm Real Estate Investment Trust Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

Paradigm Real Estate Investment Trust Quarterly Data
Feb25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score 0.00 0.00 0.00 0.00 0.00

XKLS:5338 vs VICI, WPC, BNL: Beneish M-Score Comparison

For the REIT - Diversified subindustry, Paradigm Real Estate Investment Trust's Beneish M-Score, along with its competitors' market caps and Beneish M-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.

Paradigm Real Estate Investment Trust Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Paradigm Real Estate Investment Trust's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Paradigm Real Estate Investment Trust's Beneish M-Score falls into.


XKLS:5338
4GF Score
Paradigm Real Estate Investment Trust XKLS:5338
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Paradigm Real Estate Investment Trust Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Paradigm Real Estate Investment Trust for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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:
Total Receivables was RM18.1 Mil.
Revenue was RM108.2 Mil.
Gross Profit was RM60.5 Mil.
Total Current Assets was RM115.9 Mil.
Total Assets was RM2,600.2 Mil.
Property, Plant and Equipment(Net PPE) was RM0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM54.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM842.8 Mil.
Net Income was RM89.5 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM0.0 Mil.
 Total Receivables was RM0.0 Mil.
Revenue was RM217.7 Mil.
Gross Profit was RM133.8 Mil.
Total Current Assets was RM0.0 Mil.
Total Assets was RM0.0 Mil.
Property, Plant and Equipment(Net PPE) was RM0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM0.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.0 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(18.1 / 108.19) / (0 / 217.688)
=0.167298 / 0
=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(133.811 / 217.688) / (60.493 / 108.19)
=0.614692 / 0.559137
=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (115.867 + 0) / 2600.153) / (1 - (0 + 0) / 0)
=0.955438 /
=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=108.19 / 217.688
=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0 / 108.19) / (0 / 217.688)
=0 / 0
=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((842.819 + 54.099) / 2600.153) / ((0 + 0) / 0)
=0.344948 /
=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(89.455 - 0 - 0) / 2600.153
=0.034404

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Paradigm Real Estate Investment Trust (XKLS:5338) has a Beneish M-Score of 0.00 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Paradigm Real Estate Investment Trust and its competitors. According to the industry distribution chart, Paradigm Real Estate Investment Trust ranks #999999 out of 758 companies in the REITs industry.
Is Paradigm Real Estate Investment Trust's Beneish M-Score too high?
Paradigm Real Estate Investment Trust's current Beneish M-Score is 0.00. Based on the distribution chart, Paradigm Real Estate Investment Trust ranks #999999 out of 758 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Paradigm Real Estate Investment Trust has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Paradigm Real Estate Investment Trust's Beneish M-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Paradigm Real Estate Investment Trust ranks #999999 out of 758 companies for Beneish M-Score. This places Paradigm Real Estate Investment Trust in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a REITs company?
A good Beneish M-Score depends on the REITs industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Paradigm Real Estate Investment Trust and its competitors. Paradigm Real Estate Investment Trust's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradigm Real Estate Investment Trust stock overvalued right now?
Paradigm Real Estate Investment Trust (XKLS:5338) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Paradigm Real Estate Investment Trust's overall GF Score™ is 4/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Paradigm Real Estate Investment Trust (XKLS:5338), the current Beneish M-Score is 0.00 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.

Paradigm Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address No. 1, Jalan SS7/26A, B-29-03, The Ascent, Paradigm, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301
Paradigm Real Estate Investment Trust is a REIT company managed by Paradigm REIT Management Sdn Bhd. The core activity of company is investment income producing Real Estate Assets used for retail, commercial, office, industrial and hospitality purposes with the objective of providing regular and stable cash distributions with the potential for long-term growth in the NAV per Unit, while maintaining an appropriate capital structure.
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Get the complete analysis for XKLS:5338

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

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