Malaysian Real Estate Undervalued over 20% based on DCF

IGB Real Estate Investment Trust

Market Cap: RM 10.1b

Established on 25 July 2012, IGB REIT is a Malaysia-domiciled real estate investment trust.

Pavilion Real Estate Investment Trust

Market Cap: RM 6.9b

Pavilion REIT is a real estate investment trust listed on the Main Market of Bursa Malaysia since 7 December 2011 and managed by Pavilion REIT Management Sdn Bhd ("the Manager").

YTL Hospitality REIT

Market Cap: RM 2.0b

YTL Hospitality REIT has a market capitalisation of approximately RM1.81 billion (as at 30 May 2025) with a wide portfolio of prime hospitality assets across a range of unique locations worldwide.

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 956.4m

A commercial Real Estate Investment Trust (REIT), established through the restated trust deed dated 2 December 2019 and the supplemental deed dated 24 December 2020.

Uoa Real Estate Investment

Market Cap: RM 597.9m

UOA Real Estate Investment Trust (“UOA REIT” or “Trust”) is a real estate trust fund which commenced its operations on 1 December 2005 and was listed on the Main Market of Bursa Malaysia Securities Berhad on 30 December 2005.

Atrium Real Estate Investment Trust

Market Cap: RM 355.8m

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).

Al-Salam Real Estate Investment Trust

Market Cap: RM 243.6m

Al-Salam Real Estate Investment Trust (“Al-Salam REIT”) is a Shariah-compliant fund that invests in diversified Shariah-compliant properties.