Which company hurt the most from the closure of KFC?
The closure of KFC has had a significant impact on $ALSREIT / 5269 (AL-SALAM REAL ESTATE INVESTMENT TRUST), with the latest quarterly report indicating that F&B restaurants contribute approximately 34% of net property income. Within the REIT portfolio, all F&B restaurants are either Pizza Hut or KFC outlets, primarily due to their common major shareholder, JCORP. Consequently, the closure of KFC could have a notable impact on the net property income for FY2024. Given that Pizza Hut also under boycott lists.
Asset of $ALSREIT / 5269 (AL-SALAM REAL ESTATE INVESTMENT TRUST): https://cutt.ly/BeqJJfaq