Malaysian (KLSE) Real Estate Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 17 Aug 2026	RM 153.2b	RM 55.5b	RM 12.5b	10.3x	12.2x	2.8x
Wed, 15 Jul 2026	RM 153.7b	RM 56.3b	RM 12.5b	10.6x	12.3x	2.7x
Fri, 12 Jun 2026	RM 154.7b	RM 56.2b	RM 12.4b	10.3x	12.5x	2.8x
Sun, 10 May 2026	RM 163.3b	RM 56.1b	RM 12.2b	11.2x	13.4x	2.9x
Tue, 07 Apr 2026	RM 145.2b	RM 55.5b	RM 12.0b	10.3x	12.1x	2.6x
Thu, 05 Mar 2026	RM 152.0b	RM 54.7b	RM 11.8b	10.7x	12.8x	2.8x
Sat, 31 Jan 2026	RM 155.6b	RM 53.3b	RM 11.0b	12.3x	14.1x	2.9x
Mon, 29 Dec 2025	RM 143.4b	RM 53.2b	RM 10.7b	11.8x	13.4x	2.7x
Wed, 26 Nov 2025	RM 141.3b	RM 52.2b	RM 10.4b	12.5x	13.6x	2.7x
Fri, 24 Oct 2025	RM 141.1b	RM 51.9b	RM 9.4b	14x	15x	2.7x
Sun, 21 Sep 2025	RM 139.8b	RM 51.9b	RM 9.5b	13.1x	14.7x	2.7x
Tue, 19 Aug 2025	RM 139.2b	RM 51.7b	RM 10.5b	12.5x	13.2x	2.7x
Thu, 17 Jul 2025	RM 139.6b	RM 51.8b	RM 10.5b	13x	13.4x	2.7x
Sat, 14 Jun 2025	RM 134.1b	RM 51.8b	RM 10.6b	12.2x	12.7x	2.6x
Mon, 12 May 2025	RM 136.0b	RM 52.7b	RM 10.7b	12.3x	12.8x	2.6x
Wed, 09 Apr 2025	RM 125.6b	RM 52.4b	RM 10.8b	12x	11.7x	2.4x
Fri, 07 Mar 2025	RM 133.6b	RM 52.4b	RM 10.8b	12.6x	12.4x	2.5x
Sun, 02 Feb 2025	RM 137.6b	RM 51.4b	RM 10.0b	13x	13.7x	2.7x
Tue, 31 Dec 2024	RM 144.2b	RM 51.3b	RM 9.8b	13.8x	14.7x	2.8x
Thu, 28 Nov 2024	RM 137.4b	RM 51.6b	RM 9.8b	14x	14x	2.7x
Sat, 26 Oct 2024	RM 139.7b	RM 51.0b	RM 10.0b	13.4x	13.9x	2.7x
Mon, 23 Sep 2024	RM 137.6b	RM 50.7b	RM 9.8b	13.4x	14x	2.7x
Wed, 21 Aug 2024	RM 133.5b	RM 50.2b	RM 8.3b	14.8x	16x	2.7x
Fri, 19 Jul 2024	RM 141.6b	RM 49.4b	RM 7.9b	14.9x	18x	2.9x
Sun, 16 Jun 2024	RM 138.7b	RM 48.6b	RM 7.6b	15.1x	18.3x	2.9x
Tue, 14 May 2024	RM 132.0b	RM 47.1b	RM 7.3b	14.6x	18x	2.8x
Thu, 11 Apr 2024	RM 126.8b	RM 46.9b	RM 7.3b	14.4x	17.3x	2.7x
Sat, 09 Mar 2024	RM 117.5b	RM 46.7b	RM 7.3b	13.9x	16x	2.5x
Mon, 05 Feb 2024	RM 117.2b	RM 46.3b	RM 7.3b	13.4x	16x	2.5x
Wed, 03 Jan 2024	RM 112.4b	RM 46.1b	RM 7.1b	13x	15.8x	2.4x
Fri, 01 Dec 2023	RM 110.0b	RM 45.7b	RM 7.0b	12.9x	15.7x	2.4x
Sun, 29 Oct 2023	RM 109.8b	RM 44.5b	RM 7.3b	14.1x	15x	2.5x
Tue, 26 Sep 2023	RM 112.6b	RM 44.2b	RM 7.2b	15.1x	15.7x	2.5x
Thu, 24 Aug 2023	RM 106.3b	RM 43.2b	RM 6.8b	13.5x	15.5x	2.5x

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 12.2x which is lower than its 3-year average PE of 14.4x.

The industry is trading close to its 3-year average PS ratio of 2.7x.

Past Earnings Growth

The earnings for companies in the Real Estate industry have grown 22% per year over the last three years.
Revenues for these companies have grown 8.9% 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 Market	0.10%
Real Estate	-0.16%
Health Care REITs	1.74%
Office REITs	0.84%
Industrial REITs	0.46%
REITS	0.27%
Retail REITs	0.10%
Real Estate	-0.34%
Hotel and Resort REITs	-2.86%

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 9.3%, which is higher than its past year's earnings decline of 0.7% per year.

Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 11.8x.

Forecasted Growth

Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 12% over the next 5 years.
However this is lower than its past earnings growth rate of 39% per year.

In contrast, the Industrial REITs industry is expected to see its earnings decline by 37% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
IOIPG IOI Properties Group Berhad	RM 4.06	2.0% +RM 440.5m	88.0%	PE9.1x
OSK OSK Holdings Berhad	RM 2.12	3.9% +RM 247.5m	66.9%	PE11.1x
AXREIT Axis Real Estate Investment Trust	RM 1.86	3.3% +RM 121.5m	-9.7%	PB1.1x
SUNREIT Sunway Real Estate Investment Trust	RM 2.19	1.4% +RM 102.7m	-0.5%	PB1.3x
EWICAP EWI Capital Berhad	RM 0.21	16.7% +RM 72.0m	-30.0%	PS177.5x

Company

Last Price

Valuation

IOIPG IOI Properties Group Berhad

RM 4.06

2.0%
+RM 440.5m

88.0%

PE9.1x

OSK OSK Holdings Berhad

RM 2.12

3.9%
+RM 247.5m

66.9%

PE11.1x

AXREIT Axis Real Estate Investment Trust

RM 1.86

3.3%
+RM 121.5m

-9.7%

PB1.1x

SUNREIT Sunway Real Estate Investment Trust

RM 2.19

1.4%
+RM 102.7m

-0.5%

PB1.3x

EWICAP EWI Capital Berhad

RM 0.21

16.7%
+RM 72.0m

-30.0%

PS177.5x

Sime Darby Property Berhad's Subsidiary SDP Klang Provides Update on Material Litigation

Sime Darby Property Berhad had, on July 20, 2026, determined consequential matters arising from its decision in relation to the Land Reference Matter, as follows: That the sum of MYR 36,234,459.45 (“Judgment Sum”), adjudged to be the excess of compensation paid in respect of a compulsory acquisition of seven plots of land in Bukit Raja, Klang for the West Coast Expressway, shall be refunded by SDP Klang to LLM, within three months from July 20, 2026; That interest on the Judgment Sum at the rate of 5% per annum calculated from July 20, 2026 until the date of full payment, shall be paid by SDP Klang to LLM; That no order be made as to costs; and That the Assessors’ Fees amounting to MYR 1,500.00 to the Government Assessor and Private Assessor respectively, are to be borne by LLM. The full written Grounds of Judgment is yet to be issued by the High Court as at the date of this announcement. The pre-tax financial impact to the Company arising from the High Court's consequential orders will be limited to the Judgment Sum and the applicable interest awarded by the High Court. The High Court Decision is not expected to have any material operational impact on the Group. The Company is assessing the High Court decision, including all its available legal options. The Company will make further announcements upon any material developments in relation to the Land Reference Matter.

Malaysian (KLSE) Real Estate Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Dividend of RM0.063 announced

Lagenda Properties Berhad: Strategic Restructuring Unlocks Construction Value While Retaining Control

With EPS Growth And More, IOI Properties Group Berhad (KLSE:IOIPG) Makes An Interesting Case

YTL Hospitality REIT Announces Final Dividend for the Six-Month Period from 1 January 2026 to 30 June 2026, Payable on August 28, 2026

Second quarter dividend reduced to RM0.023

S P Setia Berhad Announces Appointment of Datin Norazah Binti Mohamed Razali as Non Independent and Non Executive Director, Effective August 1, 2026

Upcoming dividend of RM0.10 per share

Full year 2026 earnings: EPS and revenues miss analyst expectations

First half dividend of RM0.052 announced

Sime Darby Property Berhad's Subsidiary SDP Klang Provides Update on Material Litigation

Price target decreased by 7.0% to RM1.52

Now 26% overvalued

Eco World Development Group Berhad's (KLSE:ECOWLD) Profits May Not Reveal Underlying Issues

Osk Rf Sdn. Bhd. Obtains Moneylending Licence from Kementerian Perumahan Dan Kerajaan Tempatan

New major risk - Revenue and earnings growth

New major risk - Financial position