Malaysian Real Estate Undervalued over 20% based on DCF

KLCC Property Holdings Berhad

Market Cap: RM 16.2b

KLCC Property Holdings Berhad (KLCCP) and KLCC Real Estate Investment Trust (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.

Pavilion Real Estate Investment Trust

Market Cap: RM 7.0b

Pavilion Real Estate Investment Trust with the largest exposure to the retail sector by any listed Malaysian REIT, Pavilion REIT owns a RM9.1 billion portfolio based on appraised value, to which its most prominent assets are its retail malls, Pavilion Kuala Lumpur Mall and Pavilion Bukit Jalil.

Axis Real Estate Investment Trust

Market Cap: RM 4.0b

Axis Real Estate Investment Trust, Malaysia’s first real estate investment trust, was listed on Bursa Securities on 3 August 2005.

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

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

Al-'Aqar Healthcare REIT

Market Cap: RM 1.0b

Al-`Aqar Healthcare REIT (‘Al-`Aqar) is listed on the main market of Bursa Malaysia.

Atrium Real Estate Investment Trust

Market Cap: RM 334.6m

An industrial asset focused on real estate investment trust.

AmanahRaya Real Estate Investment Trust

Market Cap: RM 192.0m

AmanahRaya Real Estate Investment Trust (“AmanahRaya REIT” or “the Trust”) is a Malaysia domiciled real estate investment trust constituted between AmanahRaya-Kenedix REIT Manager Sdn.