Malaysian Real Estate Potentially Undervalued Companies

CapitaLand Malaysia Trust

Market Cap: RM 1.9b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Sentral REIT

Market Cap: RM 908.6m

SENTRAL is a Real Estate Investment Trust ("REIT") incorporated in Malaysia and listed on the main board of Bursa Malaysia Securities Berhad ("Bursa Securities") in 2007.

Uoa Real Estate Investment

Market Cap: RM 550.6m

UOA Real Estate Investment Trust invests in real estate and real estate-related assets used for commercial purposes in Malaysia.

AmFirst Real Estate Investment Trust

Market Cap: RM 195.6m

AmFIRST Real Estate Investment Trust (“AmFIRST REIT” or the “Trust”) is a real estate investment trust established in Malaysia and constituted by a Trust Deed dated 28 September 2006 (“Original Deed”) (as amended by the First Supplemented, Revised and Restated Trust Deed dated 15 December 2006 (“First Deed”), the Second Restated Deed dated 13 September 2013 (“Second Deed”) and the Third Restated Deed dated 12 June 2020 (“Third Deed” or the “Deed”)) entered into between AmREIT Managers Sdn Bhd (“AmREIT” or the “Manager”) and Maybank Trustees Berhad, as the Trustee of AmFIRST REIT (the “Trustee”).

Hektar Real Estate Investment Trust

Market Cap: RM 312.1m

Hektar Real Estate Investment Trust (“Hektar REIT”) is Malaysia’s first listed retail-focused REIT.

Tower Real Estate Investment Trust

Market Cap: RM 130.1m

Engages in the ownership and investment in real estate and real estate-related assets.

Pavilion Real Estate Investment Trust

Market Cap: RM 5.3b

Listed on 7 December 2011, with the largest exposure to the retail sector by any listed Malaysian REIT, Pavilion REIT owns a RM5.9 billion portfolio based on appraised value, to which its most prominent asset is the Pavilion Kuala Lumpur Mall that is located in Bukit Bintang, Kuala Lumpur, Malaysia.

KIP Real Estate Investment Trust

Market Cap: RM 678.8m

KIP Real Estate Investment Trust (“KIP REIT”) was listed on the Main Market of Bursa Malaysia Securities Berhad on 6 February 2017 with its principal activity being investing in a portfolio of retail real estate properties.

KLCC Property Holdings Berhad

Market Cap: RM 15.5b

KLCC Property Holdings Berhad (KLCCP) and KLCC REIT, collectively known as KLCCP Stapled Group is Malaysia's largest self-managed stapled security that invests, develops, owns and manages a stable of iconic and quality assets.

Al-'Aqar Healthcare REIT

Market Cap: RM 1.0b

Al-`Aqar Healthcare REIT is Malaysia’s first Islamic healthcare REIT, listed on the Main Market of Bursa Malaysia in 2006.

YTL Hospitality REIT

Market Cap: RM 1.7b

YTL Hospitality REIT has a market capitalisation of approximately RM1.61 billion (as at 30 June 2023) with a wide portfolio of prime hotel properties.

IGB Commercial Real Estate Investment Trust

Market Cap: RM 1.3b

IGB Commercial REIT (IGBCR) was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa) on 20 September 2021.

Atrium Real Estate Investment Trust

Market Cap: RM 334.6m

Atrium REIT is an industrial asset focused real estate investment trust constituted by a Trust Deed entered into on 20 November 2006, amended by the First Supplementary Deed dated 25 November 2008 and the Restated Deed dated 24 March 2016 between CIMB Commerce Trustee Berhad (formerly known as BHLB Trustee Berhad) as the Trustee and Atrium REIT Managers Sdn Bhd as the Manager (collective known as “First Deed”).