Al-Aqar Healthcare REIT (XKLS:5116) Operating Income: RM106.4 Mil (TTM As of Mar. 2026)

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XKLS:5116 Al-Aqar Healthcare REIT XKLS:5116
70 GF Score
Price RM1.17
GF Value RM1.32
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Al-Aqar Healthcare REIT Operating Income?

Al-Aqar Healthcare REIT XKLS:5116 -0.85% 70 Operating Income is RM106.4 Mil as of Mar. 2026. GuruFocus rates XKLS:5116 with a GF Score™ of 70/100 and a GF Value™ of RM1.32 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Al-Aqar Healthcare REIT's Operating Income for the three months ended in Mar. 2026 was RM28.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM106.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Al-Aqar Healthcare REIT's Operating Income for the three months ended in Mar. 2026 was RM28.4 Mil. Al-Aqar Healthcare REIT's Revenue for the three months ended in Mar. 2026 was RM33.0 Mil. Therefore, Al-Aqar Healthcare REIT's Operating Margin % for the quarter that ended in Mar. 2026 was 86.30%.

Al-Aqar Healthcare REIT's 5-Year average Growth Rate for Operating Margin % was -1.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Al-Aqar Healthcare REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 4.51%. Al-Aqar Healthcare REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 98.54%.


Al-Aqar Healthcare REIT  (XKLS:5116) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Al-Aqar Healthcare REIT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=113.792 * ( 1 - 0% )/( (2522.453 + 2518.255)/ 2 )
=113.792/2520.354
=4.51 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2087.611 - 2.627 - ( 38.672 - max(0, 645.834 - 208.365+38.672))
=2522.453

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Al-Aqar Healthcare REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=113.792/( ( (0 + max(146.046, 0)) + (0 + max(84.909, 0)) )/ 2 )
=113.792/( ( 146.046 + 84.909 )/ 2 )
=113.792/115.4775
=98.54 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.582 + 0 + 116.872) - (2.627 + 0 + 4.7809999999999)
=146.046

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.146 + 0 + 52.933) - (9.17 + 0 + 0)
=84.909

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Al-Aqar Healthcare REIT's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=28.448/32.965
=86.30 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Al-Aqar Healthcare REIT Operating Income Related Terms


Al-Aqar Healthcare REIT Operating Income Historical Data

* Premium members only.

The historical data trend for Al-Aqar Healthcare REIT's Operating Income 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-Aqar Healthcare REIT Operating Income Chart

Al-Aqar Healthcare REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.04 97.13 102.62 99.73 102.68

Al-Aqar Healthcare REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.70 25.09 25.12 27.76 28.45
XKLS:5116
70GF Score
Al-Aqar Healthcare REIT XKLS:5116
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Al-Aqar Healthcare REIT Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM106.4 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of RM106.4 Mil mean?
Al-Aqar Healthcare REIT (XKLS:5116) has a Operating Income of RM106.4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Al-Aqar Healthcare REIT and its competitors.
Is Al-Aqar Healthcare REIT's Operating Income too high?
Al-Aqar Healthcare REIT's current Operating Income is RM106.4 Mil. Overall, Al-Aqar Healthcare REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al-Aqar Healthcare REIT's Operating Income compare to WELL and VTR?
Al-Aqar Healthcare REIT's Operating Income of RM106.4 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Al-Aqar Healthcare REIT and its competitors. Al-Aqar Healthcare REIT's current Operating Income is RM106.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al-Aqar Healthcare REIT stock overvalued right now?
Based on GuruFocus' analysis, Al-Aqar Healthcare REIT (XKLS:5116) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.32, compared to a current price of RM1.17 — trading 11.4% below its estimated fair value. The current Operating Income is RM106.4 Mil. Al-Aqar Healthcare REIT's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Al-Aqar Healthcare REIT (XKLS:5116), the current Operating Income is RM106.4 Mil as of Mar. 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.

Is Al-Aqar Healthcare REIT (XKLS:5116) Overvalued in 2026?

Based on GuruFocus' analysis, Al-Aqar Healthcare REIT stock appears to be undervalued. The current stock price of RM1.17 is trading 11.4% below its estimated GF Value™ of RM1.32. GuruFocus considers Al-Aqar Healthcare REIT to be Modestly Undervalued.

Key valuation signals for XKLS:5116:

  • Operating Income: RM106.4 Mil
  • GF Value™: RM1.32 vs. price of RM1.17 (11.4% below fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the XKLS:5116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al-Aqar Healthcare REIT Business Description

Industry Real EstateREITs
Address Unit 1-19-02, Level 19, Block 1, V SQUARE, Jalan Utara, Petaling Jaya, SGR, MYS, 46200
Al-Aqar Healthcare REIT is engaged in investing in Syariah-compliant properties with the primary objective of providing unitholders with distribution and potential for the sustainable long-term growth of such distribution and capital appreciation. The company operates in Malaysia and Australia. The Malaysian geographic segment generates the maximum revenue for the company.
70GF Score

Get the complete analysis for XKLS:5116

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

RM1.17
Price
RM1.32
GF Value