Malaysian Real Estate Undervalued over 20% based on DCF

KLCC Property Holdings Berhad

Market Cap: RM 16.0b

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 3.9b

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

YTL Hospitality REIT

Market Cap: RM 1.8b

YTL Hospitality REIT has a market capitalization of approximately RM1.83 billion (as at 30 June 2025) with a wide portfolio of prime hospitality assets across a range of unique locations worldwide.

Paradigm Real Estate Investment Trust

Market Cap: RM 1.5b

Operates as a real estate investment trust that invests in a portfolio of real estate assets.

AME Real Estate Investment Trust

Market Cap: RM 835.3m

An industrial REIT with the principal investment policy of investing, directly and indirectly, in a Shariah-compliant portfolio of income producing real estate used primarily for industrial and industrial-related purposes in Malaysia and overseas.