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Malaysian (KLSE) Real Estate Sector Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies106
  • 7D-0.7%
  • 3M-0.9%
  • 1Y-2.3%
  • YTD-1.9%

Over the last 7 days, the Real Estate industry has remained flat, although notably S P Setia Berhad declined by 6.4%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 1.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025RM 143.2bRM 53.2bRM 10.7b11.6x13.4x2.7x
Fri, 28 Nov 2025RM 142.0bRM 52.6bRM 10.8b12.2x13.2x2.7x
Sun, 26 Oct 2025RM 141.8bRM 51.9bRM 9.5b14.2x15x2.7x
Tue, 23 Sep 2025RM 139.5bRM 51.9bRM 9.5b13.1x14.6x2.7x
Thu, 21 Aug 2025RM 139.3bRM 51.8bRM 10.6b12.6x13.2x2.7x
Sat, 19 Jul 2025RM 140.8bRM 51.8bRM 10.5b12.9x13.5x2.7x
Mon, 16 Jun 2025RM 134.1bRM 51.8bRM 10.6b12.2x12.7x2.6x
Wed, 14 May 2025RM 138.0bRM 52.7bRM 10.7b12.7x13x2.6x
Fri, 11 Apr 2025RM 126.9bRM 52.4bRM 10.8b12.3x11.8x2.4x
Sun, 09 Mar 2025RM 133.9bRM 52.4bRM 10.8b12.8x12.4x2.6x
Tue, 04 Feb 2025RM 137.1bRM 51.4bRM 10.0b12.8x13.7x2.7x
Thu, 02 Jan 2025RM 144.9bRM 51.3bRM 9.8b13.9x14.8x2.8x
Sat, 30 Nov 2024RM 137.4bRM 51.5bRM 9.4b12.9x14.6x2.7x
Mon, 28 Oct 2024RM 139.7bRM 51.0bRM 10.0b13.4x13.9x2.7x
Wed, 25 Sep 2024RM 138.5bRM 50.7bRM 9.8b13.4x14.1x2.7x
Fri, 23 Aug 2024RM 133.7bRM 50.3bRM 8.3b14x16.1x2.7x
Sun, 21 Jul 2024RM 140.5bRM 49.4bRM 7.9b14.7x17.8x2.8x
Tue, 18 Jun 2024RM 138.7bRM 48.6bRM 7.6b15.1x18.3x2.9x
Thu, 16 May 2024RM 132.0bRM 47.0bRM 7.3b14.5x18x2.8x
Sat, 13 Apr 2024RM 128.1bRM 46.9bRM 7.3b14.6x17.5x2.7x
Mon, 11 Mar 2024RM 117.6bRM 46.7bRM 7.3b13.9x16x2.5x
Wed, 07 Feb 2024RM 116.9bRM 46.3bRM 7.3b13.4x16x2.5x
Fri, 05 Jan 2024RM 117.3bRM 46.1bRM 7.1b13x16.4x2.5x
Sun, 03 Dec 2023RM 109.4bRM 45.8bRM 7.0b12.9x15.6x2.4x
Tue, 31 Oct 2023RM 109.1bRM 44.5bRM 7.3b14.1x14.9x2.5x
Thu, 28 Sep 2023RM 112.1bRM 44.2bRM 7.1b14.9x15.7x2.5x
Sat, 26 Aug 2023RM 107.5bRM 43.4bRM 7.1b13.6x15.1x2.5x
Mon, 24 Jul 2023RM 101.6bRM 43.0bRM 7.0b13.1x14.6x2.4x
Wed, 21 Jun 2023RM 95.9bRM 42.2bRM 6.7b12.8x14.3x2.3x
Fri, 19 May 2023RM 94.4bRM 40.7bRM 6.2b12.2x15.3x2.3x
Sun, 16 Apr 2023RM 96.2bRM 40.5bRM 6.3b12.8x15.2x2.4x
Tue, 14 Mar 2023RM 93.4bRM 40.7bRM 6.0b12.2x15.6x2.3x
Thu, 09 Feb 2023RM 95.0bRM 40.0bRM 5.8b12.7x16.3x2.4x
Sat, 07 Jan 2023RM 89.3bRM 39.8bRM 5.3b12x16.7x2.2x
Price to Earnings Ratio

16.7x


Total Market Cap: RM 89.3bTotal Earnings: RM 5.3bTotal Revenue: RM 39.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Real Estate Sector Price to Earnings3Y Average 14.9x20242025
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 13.4x which is lower than its 3-year average PE of 14.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market0.22%
Real Estate-0.66%
Industrial REITs2.41%
Retail REITs0.65%
Office REITs0.31%
Hotel and Resort REITs0%0
REITS-0.54%
Real Estate-1.23%
Health Care REITs-1.54%
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 9.5%, which is higher than its past year's earnings decline of 1.7% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings decline of 1.7% per year.
  • In contrast, the Industrial REITs industry is expected to see its earnings decline by 3.7% 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
TROP Tropicana Corporation BerhadRM 1.235.1%
+RM 144.8m		-4.7%PE19.9x
SUNREIT Sunway Real Estate Investment TrustRM 2.311.8%
+RM 137.0m		24.9%PB1.4x
IGBREIT IGB Real Estate Investment TrustRM 2.730.7%
+RM 86.5m		27.6%PB2.8x
E&O Eastern & Oriental BerhadRM 0.733.5%
+RM 62.3m		-23.0%PE9.3x
IOIPG IOI Properties Group BerhadRM 2.640.4%
+RM 55.1m		17.9%PE8.8x

Latest News

CRESNDO
RM 1.31
Crescendo Corporation Berhad
7D
3.1%
1Y
-14.4%
KLCC
RM 8.72
KLCC Property Holdings Berhad
7D
-0.9%
1Y
7.0%

KLCC: Future Returns Will Depend On Steady Occupancy And Dividend Income

Analysts have trimmed their price target on KLCC Property Holdings Berhad slightly, reflecting only marginal tweaks to underlying assumptions as they cite a more balanced risk reward profile, despite largely unchanged views on fair value, revenue growth, and profitability. Analyst Commentary Bullish analysts acknowledge that the modest reduction in the price target for KLCC Property Holdings Berhad still implies a reasonable upside, suggesting that the stock remains fairly valued relative to its stable cash flow profile and defensive asset base.
ECOWLD
RM 2.09
Eco World Development Group Berhad
7D
-0.5%
1Y
0%

Eco World Development Group Berhad's (KLSE:ECOWLD) Solid Profits Have Weak Fundamentals

Dec 17
Eco World Development Group Berhad's (KLSE:ECOWLD) Solid Profits Have Weak Fundamentals
IGBREIT
RM 2.73
IGB Real Estate Investment Trust
7D
0.7%
1Y
27.6%
IOIPG
RM 2.64
IOI Properties Group Berhad
7D
0.4%
1Y
17.9%

IOI Properties Group Berhad's (KLSE:IOIPG) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Dec 04
IOI Properties Group Berhad's (KLSE:IOIPG) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
TROP
RM 1.23
Tropicana Corporation Berhad
7D
5.1%
1Y
-4.7%

Tropicana Corporation Berhad's (KLSE:TROP) Promising Earnings May Rest On Soft Foundations

Dec 03
Tropicana Corporation Berhad's (KLSE:TROP) Promising Earnings May Rest On Soft Foundations
SUNREIT
RM 2.31
Sunway Real Estate Investment Trust
7D
1.8%
1Y
24.9%
SPSETIA
RM 0.73
S P Setia Berhad
7D
-5.2%
1Y
-50.0%

Is S P Setia Berhad (KLSE:SPSETIA) Using Too Much Debt?

Dec 01
Is S P Setia Berhad (KLSE:SPSETIA) Using Too Much Debt?
UEMS
RM 0.55
UEM Sunrise Berhad
7D
-0.9%
1Y
-49.1%
E&O
RM 0.73
Eastern & Oriental Berhad
7D
3.5%
1Y
-23.0%
MATRIX
RM 1.30
Matrix Concepts Holdings Berhad
7D
-2.3%
1Y
-18.4%
KSL
RM 2.91
KSL Holdings Berhad
7D
-4.0%
1Y
68.2%
IDEAL
RM 3.50
Ideal Capital Berhad
7D
-4.1%
1Y
-12.5%
PAVREIT
RM 1.81
Pavilion Real Estate Investment Trust
7D
0.6%
1Y
16.8%
RADIUM
RM 0.51
Radium Development Berhad
7D
2.0%
1Y
3.0%
AXREIT
RM 1.92
Axis Real Estate Investment Trust
7D
-1.5%
1Y
11.0%