Alset
Operates U.S. rental homes, food-and-beverage businesses, and cross-border portfolio interests.
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Profile
Operates U.S. rental homes and food-and-beverage businesses while holding smaller digital, biohealth and clean-transport interests. Revenue is concentrated in real estate rentals and food and beverage, and operations run through a majority-owned Singapore-listed subsidiary.
Operates a holding-company portfolio built around U.S. residential rentals and food-and-beverage businesses, alongside digital-transformation technology, biohealth and a clean-transport interest. Revenue comes chiefly from rental homes and food and beverage; property development can also contribute when homes or land are sold.
Coordinates operations across the United States and Asia-Pacific through a majority-owned Singapore-listed subsidiary. Digital offerings cover e-commerce, social media, blockchain, AI customer service and metaverse services, while the biohealth model spans research, licensing and distribution.
Remains founder-controlled, with portfolio companies and related counterparties linked through overlapping ownership and leadership. Its operations are held through a Singapore-listed subsidiary and entities across the United States and Asia-Pacific.
Company facts
Key statistics
Year to date −58.4% · Average volume (30d) 39.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | — | −$0.14 | — | — | $988.5K | — | +14.53% |
| Aug 13, 2026Q2 FY26 | — | — | — | — | $988.5K | — | +4.46% |
| May 14, 2026Q1 FY26 | — | −$0.12 | — | — | $980.8K | — | −2.75% |
| Mar 31, 2026Q4 FY25 | — | −$1.41 | — | — | $1.3M | — | −4.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $1.1M | $998.8K | $1.3M | $980.8K | $988.5K | |
| Gross profit | $290.8K | $255.9K | $242.5K | $459.8K | $275.1K | $83.9K | |
| Operating income | −$3.9M | −$2.8M | −$2.6M | −$4.5M | −$2.7M | −$1.8M | |
| Net income | −$8.3M | −$8.2M | $1.5M | −$32.4M | −$4.5M | −$5.3M | |
| Diluted EPS | −$0.78 | −$0.71 | $0.09 | −$1.52 | −$0.12 | −$0.14 | |
| Gross margin | 27.2% | 23.3% | 24.3% | 35.2% | 28.1% | 8.5% | |
| Operating margin | -368.1% | -250.7% | -258.2% | -344.4% | -270.4% | -179.9% |
Fiscal years (4-quarter sums)FY21 $19.8M · FY22 $4.5M · FY23 $22.1M · FY24 $21.1M · FY25 $4.5M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $24.6M · Total debt $858.7K · Total assets $124.9M · Shareholders' equity $114.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 38.90M · Float 3.70M · 9.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Heng Fai Ambrose Chan | 35.20M | 90.00% | 13D | Sep 16, 2025 |
| Heng Fai Ambrose Chan · director, 10 percent owner, officer: Chief Executive Officer | 31.32M | 80.53% | Form 4 | Sep 16, 2025 |
| BlackRock, Inc. | 508.0K | 1.31% | 13F | May 13, 2026 |
| Geode Capital Management, LLC | 473.2K | 1.22% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 423.5K | 1.09% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 12, 2025 | Heng Fai Ambrose Chan | director, 10 percent owner, officer: Chief Executive Officer | −500,000 | $2.67 |
Peers
- D.R. Horton
U.S. homebuilding and single-family-rental overlap.
- Lennar
Scaled U.S. homebuilding and land-development alternative.
- American Homes 4 Rent
Direct single-family-rental and build-to-rent overlap.
- Invitation Homes
Large U.S. single-family-home leasing alternative.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alset | $1.42 | 0.00% | $55.2M | — | — | 12.9 | −10.1% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| American Homes 4 Rent | $33.54 | 0.00% | $12.05B | 26.6 | 44.0 | 6.4 | +2.8% |
| Invitation Homes | $28.97 | −0.93% | $17.37B | 26.8 | 38.4 | 6.1 | +9.7% |
| Median | 20.3 | 26.8 | 3.7 | +1.4% |