Nasdaq · Real Estate
19 entities across 7 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.
| Entity | Jurisdiction | Note |
|---|---|---|
| CCM Black Oak, Ltd. | Texas | |
| AHR Texas Two LLC | Delaware | |
| AHR Texas Three LLC | Delaware | |
| AHR Texas Four LLC | Delaware | |
| Alset Acquisition Sponsor, LLC | Delaware | |
| Alset Business Development Pte. Ltd. | Singapore | |
| Alset EHome Inc. | Delaware | |
| Alset International Limited | Singapore | |
| Alset Global Pte. Ltd. | Singapore | |
| American Home REIT Inc. | Maryland | |
| BMI Capital Partners International Limited. | Hong Kong | |
| Global BioMedical Pte. Ltd. | Singapore | |
| Global eHealth Limited | Hong Kong | |
| Hapi Metaverse Inc. | Delaware | |
| HWH International Inc. | Nevada | |
| HWH World Inc. | Korea | |
| LiquidValue Asset Management Pte. Ltd. | Singapore | |
| LiquidValue Development Pte. Ltd. | Singapore | |
| SeD Maryland Development, LLC | Delaware |
Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.
Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.
| Year | Revenue | Net income | Free cash flow | Gross margin | Shares |
|---|---|---|---|---|---|
| FY2020 | $16.2M | −$4.4M | $1.6M | 25.6% | — |
| FY2021 | $19.8M | −$119.0M | −$16.9M | 42.9% | — |
| FY2022 | $4.5M | −$40.5M | −$32.5M | 16.7% | 6,513,453 |
| FY2023 | $22.1M | −$58.9M | $7.4M | 34.0% | 9,041,786 |
| FY2024 | $21.1M | −$4.0M | $5.1M | 39.5% | 9,235,119 |
| FY2025 | $4.5M | −$47.4M | −$6.1M | 27.9% | 21,359,650 |
5 institutions tracked — 1 added, 2 reduced, 1 opened a new position. Index money added 168 shares while active managers cut 2,000.
| Manager | Kind | Shares | Change | Value |
|---|---|---|---|---|
| VANGUARD GROUP INC | Index | 629,931 | +11,721 | $2.2M |
| GEODE CAPITAL MANAGEMENT, LLC | Index | 461,642 | −11,553 | $665,091 |
| MORGAN STANLEY | Active fund | 75 | −2,000 | $108 |
FMR LLC holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.
From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register. These filings span 2025-Q4–2026-Q2 rather than a single quarter, because filers report on their own schedules.
Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.
Alset Inc. files under SIC 6500 — all 15 real estate companies compared on assets and F-score.
The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.
Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.
