Analysis Article • Jun 26
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Malaysian (KLSE) Real Estate Sector Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies109
- 7D-1.3%
- 3M4.3%
- 1Y8.2%
- YTD5.5%
Over the last 7 days, the Real Estate industry has dropped 1.3%, driven by a pullback from IOI Properties Group Berhad of 6.4%. This takes the industry's 12 month performance to a gain of 8.2%. In the next few years, earnings are forecast to decline by 3.4% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | RM 154.1b | RM 56.3b | RM 12.5b | 10.2x | 12.4x | 2.7x |
| Sat, 30 May 2026 | RM 157.8b | RM 56.3b | RM 12.4b | 10.6x | 12.7x | 2.8x |
| Mon, 27 Apr 2026 | RM 154.6b | RM 55.8b | RM 12.1b | 10.6x | 12.8x | 2.8x |
| Wed, 25 Mar 2026 | RM 147.4b | RM 55.5b | RM 11.9b | 10.3x | 12.4x | 2.7x |
| Fri, 20 Feb 2026 | RM 159.1b | RM 53.1b | RM 11.1b | 12.4x | 14.4x | 3x |
| Sun, 18 Jan 2026 | RM 153.2b | RM 53.2b | RM 10.7b | 12.3x | 14.3x | 2.9x |
| Tue, 16 Dec 2025 | RM 142.5b | RM 53.2b | RM 10.7b | 12x | 13.3x | 2.7x |
| Thu, 13 Nov 2025 | RM 138.8b | RM 52.1b | RM 9.6b | 13x | 14.5x | 2.7x |
| Sat, 11 Oct 2025 | RM 143.1b | RM 51.9b | RM 9.4b | 13.5x | 15.2x | 2.8x |
| Mon, 08 Sep 2025 | RM 138.5b | RM 52.0b | RM 9.5b | 13x | 14.5x | 2.7x |
| Wed, 06 Aug 2025 | RM 140.1b | RM 51.7b | RM 10.6b | 12.4x | 13.3x | 2.7x |
| Fri, 04 Jul 2025 | RM 138.7b | RM 51.8b | RM 10.5b | 12.7x | 13.3x | 2.7x |
| Sun, 01 Jun 2025 | RM 136.6b | RM 52.0b | RM 10.6b | 12.3x | 12.9x | 2.6x |
| Tue, 29 Apr 2025 | RM 132.9b | RM 52.4b | RM 10.8b | 12.3x | 12.3x | 2.5x |
| Thu, 27 Mar 2025 | RM 133.6b | RM 52.4b | RM 10.8b | 12.3x | 12.3x | 2.5x |
| Sat, 22 Feb 2025 | RM 139.5b | RM 51.3b | RM 10.2b | 13.2x | 13.7x | 2.7x |
| Mon, 20 Jan 2025 | RM 138.8b | RM 51.3b | RM 9.8b | 13x | 14.2x | 2.7x |
| Wed, 18 Dec 2024 | RM 139.3b | RM 51.1b | RM 9.7b | 13.3x | 14.3x | 2.7x |
| Fri, 15 Nov 2024 | RM 136.2b | RM 51.0b | RM 9.8b | 13.6x | 13.8x | 2.7x |
| Sun, 13 Oct 2024 | RM 139.0b | RM 51.0b | RM 10.0b | 13.5x | 13.9x | 2.7x |
| Tue, 10 Sep 2024 | RM 130.6b | RM 50.6b | RM 9.8b | 13x | 13.3x | 2.6x |
| Thu, 08 Aug 2024 | RM 132.4b | RM 49.6b | RM 8.0b | 14.7x | 16.7x | 2.7x |
| Sat, 06 Jul 2024 | RM 136.6b | RM 49.3b | RM 7.9b | 15.3x | 17.3x | 2.8x |
| Mon, 03 Jun 2024 | RM 134.6b | RM 49.1b | RM 7.7b | 14.4x | 17.4x | 2.7x |
| Wed, 01 May 2024 | RM 128.0b | RM 47.0b | RM 7.3b | 14.3x | 17.4x | 2.7x |
| Fri, 29 Mar 2024 | RM 125.6b | RM 46.8b | RM 7.4b | 13.9x | 17x | 2.7x |
| Sun, 25 Feb 2024 | RM 119.2b | RM 46.6b | RM 7.4b | 13.6x | 16.2x | 2.6x |
| Tue, 23 Jan 2024 | RM 116.3b | RM 46.1b | RM 7.1b | 13.6x | 16.3x | 2.5x |
| Thu, 21 Dec 2023 | RM 111.6b | RM 46.1b | RM 7.1b | 13.1x | 15.8x | 2.4x |
| Sat, 18 Nov 2023 | RM 111.6b | RM 44.5b | RM 7.3b | 14.2x | 15.2x | 2.5x |
| Mon, 16 Oct 2023 | RM 111.9b | RM 44.2b | RM 7.3b | 14.7x | 15.3x | 2.5x |
| Wed, 13 Sep 2023 | RM 108.8b | RM 44.2b | RM 7.1b | 14.6x | 15.3x | 2.5x |
| Fri, 11 Aug 2023 | RM 103.0b | RM 43.2b | RM 6.9b | 12.8x | 14.9x | 2.4x |
| Sun, 09 Jul 2023 | RM 98.0b | RM 43.0b | RM 6.9b | 12.8x | 14.1x | 2.3x |
Price to Earnings Ratio
14.1x
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 12.4x which is lower than its 3-year average PE of 14.5x.
- 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 21% per year over the last three years.
- Revenues for these companies have grown 9.4% 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 | -0.72% | |
| Real Estate | -1.32% | |
| Hotel and Resort REITs | 3.92% | |
| Office REITs | 0.45% | |
| Industrial REITs | -0.23% | |
| Retail REITs | -0.30% | |
| REITS | -0.66% | |
| Health Care REITs | -0.85% | |
| Real Estate | -1.93% | |
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 11.6%, which is higher than its past year's earnings decline of 0.7% per year.
- Investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 12.6x.
Forecasted Growth
- Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 0.7% 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 | |
|---|---|---|---|---|---|
| SPSETIA S P Setia Berhad | RM 0.98 | 3.1% +RM 151.5m | -15.8% | PE12.7x | |
| YTLREIT YTL Hospitality REIT | RM 1.06 | 3.9% +RM 68.2m | -1.9% | PB0.6x | |
| OSK OSK Holdings Berhad | RM 1.95 | 1.0% +RM 61.9m | 61.2% | PE10.2x | |
| SKYGATE Skygate Solutions Berhad | RM 0.79 | 28.7% +RM 58.6m | 18.0% | PE163.1x | |
| MAGNA Magna Prima Berhad | RM 0.70 | 16.7% +RM 39.9m | 25.0% | PE10.7x |