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Malaysian (KLSE) Real Estate Sector Analysis

UpdatedApr 17, 2025
DataAggregated Company Financials
Companies107
  • 7D5.9%
  • 3M-6.9%
  • 1Y1.7%
  • YTD-10.5%

Over the last 7 days, the Real Estate industry has risen 3.8%, driven by gains from Sime Darby Property Berhad of 12%. During this same period, the SHL Consolidated Bhd underperformed, falling 5.7%. Overall in the last year, the industry is flat. As for the next few years, earnings are forecast to decline by 1.5% per annum.

Sector Valuation and Performance

Has the Malaysian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Apr 2025RM 129.6bRM 52.4bRM 10.8b12.8x12x2.5x
Sat, 15 Mar 2025RM 132.6bRM 52.5bRM 10.8b12.3x12.3x2.5x
Mon, 10 Feb 2025RM 140.6bRM 51.5bRM 10.2b13.1x13.8x2.7x
Wed, 08 Jan 2025RM 145.9bRM 51.3bRM 9.8b14x14.9x2.8x
Fri, 06 Dec 2024RM 140.2bRM 51.4bRM 9.6b13.3x14.6x2.7x
Sun, 03 Nov 2024RM 138.1bRM 51.1bRM 9.8b13.3x14x2.7x
Tue, 01 Oct 2024RM 136.7bRM 51.0bRM 10.0b13.3x13.7x2.7x
Thu, 29 Aug 2024RM 129.3bRM 50.7bRM 8.4b13.8x15.4x2.5x
Sat, 27 Jul 2024RM 139.1bRM 49.5bRM 7.9b14.8x17.7x2.8x
Mon, 24 Jun 2024RM 136.2bRM 48.8bRM 7.6b15.4x17.9x2.8x
Wed, 22 May 2024RM 135.0bRM 47.5bRM 7.3b14.6x18.4x2.8x
Fri, 19 Apr 2024RM 124.4bRM 46.9bRM 7.3b14x17x2.7x
Sun, 17 Mar 2024RM 120.3bRM 46.7bRM 7.3b13.9x16.4x2.6x
Tue, 13 Feb 2024RM 117.6bRM 46.4bRM 7.4b13.6x15.9x2.5x
Thu, 11 Jan 2024RM 115.5bRM 46.1bRM 7.1b13x16.2x2.5x
Sat, 09 Dec 2023RM 109.3bRM 45.8bRM 7.0b13.1x15.6x2.4x
Mon, 06 Nov 2023RM 110.7bRM 44.5bRM 7.3b14x15.1x2.5x
Wed, 04 Oct 2023RM 111.0bRM 44.2bRM 7.1b15x15.6x2.5x
Fri, 01 Sep 2023RM 111.2bRM 44.2bRM 7.1b14.5x15.8x2.5x
Sun, 30 Jul 2023RM 102.9bRM 43.2bRM 6.9b13.4x14.8x2.4x
Tue, 27 Jun 2023RM 95.9bRM 42.2bRM 6.8b12.8x14.1x2.3x
Thu, 25 May 2023RM 93.8bRM 40.5bRM 6.2b12.6x15.2x2.3x
Sat, 22 Apr 2023RM 95.7bRM 40.5bRM 6.2b12.8x15.5x2.4x
Mon, 20 Mar 2023RM 69.4bRM 37.4bRM 4.3b10.3x16x1.9x
Wed, 15 Feb 2023RM 94.5bRM 39.9bRM 5.8b12.2x16.2x2.4x
Fri, 13 Jan 2023RM 90.9bRM 39.8bRM 5.3b12.2x17x2.3x
Sun, 11 Dec 2022RM 89.2bRM 39.6bRM 5.4b11.9x16.6x2.3x
Tue, 08 Nov 2022RM 85.8bRM 36.6bRM 4.2b13.3x20.2x2.3x
Thu, 06 Oct 2022RM 84.8bRM 36.4bRM 4.1b13.7x20.7x2.3x
Sat, 03 Sep 2022RM 88.7bRM 36.4bRM 4.4b14.6x20.1x2.4x
Mon, 01 Aug 2022RM 87.9bRM 35.3bRM 3.9b14x22.3x2.5x
Wed, 29 Jun 2022RM 86.3bRM 35.3bRM 3.5b14.1x24.5x2.4x
Fri, 27 May 2022RM 90.6bRM 35.7bRM 3.7b15x24.3x2.5x
Sun, 24 Apr 2022RM 92.6bRM 36.1bRM 3.6b15.2x25.5x2.6x
Price to Earnings Ratio

25.5x


Total Market Cap: RM 92.6bTotal Earnings: RM 3.6bTotal Revenue: RM 36.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Real Estate Sector Price to Earnings3Y Average 16.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Malaysian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.1x which is lower than its 3-year average PE of 16.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Malaysian Real Estate sector?

MY Market5.84%
Real Estate5.92%
Real Estate7.13%
Retail REITs6.33%
Industrial REITs3.20%
Office REITs2.86%
Hotel and Resort REITs2.54%
REITS1.88%
Health Care REITs1.65%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry, which is trading close to its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings decline of 4.0% per year.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 9.0% over the next 5 years.
  • This is better than its past earnings decline of 4.0% per year.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 20% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SIMEPROP Sime Darby Property BerhadRM 1.2311.8%
+RM 884.1m
38.2%PE16.7x
TANCO Tanco Holdings BerhadRM 0.8518.1%
+RM 689.4m
142.9%PE334.6x
ECOWLD Eco World Development Group BerhadRM 1.7911.9%
+RM 563.6m
27.9%PE16.9x
IOIPG IOI Properties Group BerhadRM 1.795.9%
+RM 550.6m
-16.7%PE5.1x
IGBREIT IGB Real Estate Investment TrustRM 2.296.5%
+RM 506.6m
30.9%PB1.9x
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Latest News

SUNREIT

RM 1.93

Sunway Real Estate Investment Trust

7D

6.6%

1Y

27.0%

SIMEPROP

RM 1.23

Sime Darby Property Berhad

7D

11.8%

1Y

38.2%

ECOWLD

RM 1.79

Eco World Development Group Berhad

7D

11.9%

1Y

27.9%

PASDEC

RM 0.28

Pasdec Holdings Berhad

7D

-1.7%

1Y

-5.0%

PAVREIT

RM 1.45

Pavilion Real Estate Investment Trust

7D

6.6%

1Y

14.2%

IGBREIT

RM 2.29

IGB Real Estate Investment Trust

7D

6.5%

1Y

30.9%

ARREIT

RM 0.39

AmanahRaya Real Estate Investment Trust

7D

-1.3%

1Y

6.8%

MJPERAK

RM 0.09

Majuperak Holdings Berhad

7D

-10.0%

1Y

-71.0%

AXTERIA

RM 0.095

Axteria Group Berhad

7D

-9.5%

1Y

-36.7%

SHL

RM 2.16

SHL Consolidated Bhd

7D

-4.8%

1Y

0.5%

BERTAM

RM 0.14

Bertam Alliance Berhad

7D

-9.4%

1Y

11.5%

IVORY

RM 0.025

Ivory Properties Group Berhad

7D

-16.7%

1Y

-64.3%