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Malaysian (KLSE) Real Estate Sector Analysis

UpdatedMay 17, 2026
DataAggregated Company Financials
Companies109
  • 7D0.2%
  • 3M3.3%
  • 1Y17.1%
  • YTD12.1%

The Real Estate is pretty flat in the last 7 days, but IGB Real Estate Investment Trust has stood out, gaining 6.4%. As for the the longer term, the industry is up 17% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 May 2026RM 163.8bRM 56.3bRM 12.2b10.9x13.4x2.9x
Wed, 15 Apr 2026RM 149.8bRM 55.5bRM 12.0b10.2x12.5x2.7x
Fri, 13 Mar 2026RM 151.1bRM 54.6bRM 11.8b10.5x12.8x2.8x
Sun, 08 Feb 2026RM 154.2bRM 53.3bRM 11.1b12.3x13.9x2.9x
Tue, 06 Jan 2026RM 147.0bRM 53.2bRM 10.7b11.8x13.8x2.8x
Thu, 04 Dec 2025RM 141.7bRM 53.1bRM 11.0b11.9x12.8x2.7x
Sat, 01 Nov 2025RM 140.4bRM 52.0bRM 9.5b12.9x14.8x2.7x
Mon, 29 Sep 2025RM 142.9bRM 52.1bRM 9.6b13x15x2.7x
Wed, 27 Aug 2025RM 137.9bRM 51.4bRM 10.4b12.8x13.3x2.7x
Fri, 25 Jul 2025RM 139.4bRM 51.4bRM 10.5b12.4x13.3x2.7x
Sun, 22 Jun 2025RM 133.0bRM 51.8bRM 10.6b11.9x12.6x2.6x
Tue, 20 May 2025RM 137.6bRM 52.7bRM 10.7b12.4x12.9x2.6x
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
Price to Earnings Ratio

15.2x


Total Market Cap: RM 93.8bTotal Earnings: RM 6.2bTotal Revenue: RM 40.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Real Estate Sector Price to Earnings3Y Average 14.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 14.6x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 12% 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-0.082%
Real Estate0.24%
REITS2.75%
Retail REITs2.58%
Health Care REITs0%0
Office REITs-0.90%
Real Estate-1.00%
Industrial REITs-1.75%
Hotel and Resort REITs-1.96%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry, which is trading close to its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 11.6%, which is higher than its past year's earnings decline of 4.4% per year.
  • Investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 12.8x.
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 4.4% 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?

CompanyLast Price7D1YValuation
IGBREIT IGB Real Estate Investment TrustRM 3.166.4%
+RM 822.5m		41.1%PB2.2x
KLCC KLCC Property Holdings BerhadRM 9.302.5%
+RM 415.2m		5.6%PB1.2x
MKH MKH BerhadRM 1.4659.6%
+RM 314.3m		36.4%PE11.6x
AXREIT Axis Real Estate Investment TrustRM 2.125.5%
+RM 222.7m		11.6%PB1.3x
SKYWLD SkyWorld Development BerhadRM 0.4719.0%
+RM 75.0m		-1.1%PE11.1x

Latest News

MAHSING
RM 1.04
Mah Sing Group Berhad
7D
-8.8%
1Y
-14.8%
AXREIT
RM 2.12
Axis Real Estate Investment Trust
7D
5.5%
1Y
11.6%
Analysis Article • May 15

Here's Why Axis Real Estate Investment Trust (KLSE:AXREIT) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
MKH
RM 1.46
MKH Berhad
7D
59.6%
1Y
36.4%
SKYWLD
RM 0.47
SkyWorld Development Berhad
7D
19.0%
1Y
-1.1%
New Narrative • May 12

SkyWorld Development: RM0.90 target price points to a possible re-rating as earnings recovery begins

SkyWorld Development Berhad is starting to look like a property counter where the market may still be pricing in the old earnings downcycle, while the fundamentals are already showing early signs of recovery. HLIB Research has initiated coverage on SkyWorld with a BUY call and a target price of RM0.90 , compared with the current price of RM0.39 , implying 130.8% capital upside and 133.6% expected total return after including dividend yield.
IOIPG
RM 4.36
IOI Properties Group Berhad
7D
-2.7%
1Y
121.3%
PAVREIT
RM 1.90
Pavilion Real Estate Investment Trust
7D
0.5%
1Y
27.5%
OSK
RM 1.88
OSK Holdings Berhad
7D
-0.5%
1Y
56.7%
KSL
RM 3.06
KSL Holdings Berhad
7D
-2.5%
1Y
76.9%
LAGENDA
RM 1.53
Lagenda Properties Berhad
7D
3.4%
1Y
27.5%
KLCC
RM 9.30
KLCC Property Holdings Berhad
7D
2.5%
1Y
5.6%
Narrative Update • May 03

KLCC: Future Returns Will Rely On Income Stability And P E Resilience

Analysts have made a small adjustment to the fair value estimate for KLCC Property Holdings Berhad, trimming the target by MYR0.01 as they factor in slightly softer revenue growth assumptions, a marginally higher profit margin outlook, and a modest uptick in the projected future P/E multiple. Analyst Commentary Recent commentary around KLCC Property Holdings Berhad focuses on how small valuation tweaks reflect a careful balance between execution risks and income stability.
IGBREIT
RM 3.16
IGB Real Estate Investment Trust
7D
6.4%
1Y
41.1%
TROP
RM 1.12
Tropicana Corporation Berhad
7D
-1.8%
1Y
-5.1%
SPSETIA
RM 1.10
S P Setia Berhad
7D
-4.3%
1Y
-12.7%
SIMEPROP
RM 1.51
Sime Darby Property Berhad
7D
0.7%
1Y
2.7%
Analysis Article • Apr 24

Sime Darby Property Berhad Just Missed Earnings - But Analysts Have Updated Their Models

Sime Darby Property Berhad ( KLSE:SIMEPROP ) missed earnings with its latest yearly results, disappointing...
YTLREIT
RM 1.00
YTL Hospitality REIT
7D
-2.0%
1Y
-5.7%
ECOWLD
RM 2.08
Eco World Development Group Berhad
7D
-2.3%
1Y
6.7%