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Malaysian (KLSE) Real Estate Sector Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies106
  • 7D1.9%
  • 3M11.5%
  • 1Y10.3%
  • YTD8.6%

In the last week, the Real Estate industry is up 1.9%, with KSL Holdings Berhad leading the way, up 14%. In the last 12 months, the industry was up 10%. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026RM 157.2bRM 53.3bRM 11.1b12.4x14.2x3x
Wed, 14 Jan 2026RM 151.5bRM 53.2bRM 10.7b12.1x14.2x2.8x
Fri, 12 Dec 2025RM 141.8bRM 53.2bRM 11.1b11.9x12.8x2.7x
Sun, 09 Nov 2025RM 139.3bRM 52.1bRM 9.5b12.7x14.7x2.7x
Tue, 07 Oct 2025RM 143.4bRM 51.9bRM 9.4b13.3x15.2x2.8x
Thu, 04 Sep 2025RM 138.6bRM 52.0bRM 9.5b13x14.5x2.7x
Sat, 02 Aug 2025RM 140.1bRM 51.7bRM 10.6b12.5x13.3x2.7x
Mon, 30 Jun 2025RM 134.0bRM 51.8bRM 10.5b12.9x12.8x2.6x
Wed, 28 May 2025RM 136.6bRM 52.4bRM 10.7b12.4x12.7x2.6x
Fri, 25 Apr 2025RM 131.0bRM 52.4bRM 10.8b12.4x12.1x2.5x
Sun, 23 Mar 2025RM 133.0bRM 52.4bRM 10.8b12.9x12.3x2.5x
Tue, 18 Feb 2025RM 139.6bRM 51.5bRM 10.2b13.3x13.7x2.7x
Thu, 16 Jan 2025RM 139.3bRM 51.3bRM 9.8b12.7x14.2x2.7x
Sat, 14 Dec 2024RM 140.0bRM 51.1bRM 9.7b13.1x14.4x2.7x
Mon, 11 Nov 2024RM 137.5bRM 51.1bRM 9.9b13.6x14x2.7x
Wed, 09 Oct 2024RM 137.5bRM 51.0bRM 10.0b13.7x13.7x2.7x
Fri, 06 Sep 2024RM 131.4bRM 50.7bRM 9.9b13.3x13.3x2.6x
Sun, 04 Aug 2024RM 135.6bRM 49.5bRM 7.9b15x17.2x2.7x
Tue, 02 Jul 2024RM 135.1bRM 49.3bRM 7.9b14.7x17.1x2.7x
Thu, 30 May 2024RM 133.5bRM 48.9bRM 7.7b14.6x17.3x2.7x
Sat, 27 Apr 2024RM 127.6bRM 47.0bRM 7.3b14.3x17.4x2.7x
Mon, 25 Mar 2024RM 124.3bRM 46.7bRM 7.4b14.5x16.9x2.7x
Wed, 21 Feb 2024RM 119.9bRM 46.4bRM 7.4b13.7x16.2x2.6x
Fri, 19 Jan 2024RM 114.1bRM 46.1bRM 7.1b13.5x16x2.5x
Sun, 17 Dec 2023RM 110.2bRM 46.1bRM 7.1b13.1x15.6x2.4x
Tue, 14 Nov 2023RM 110.2bRM 44.5bRM 7.8b14x14.2x2.5x
Thu, 12 Oct 2023RM 111.5bRM 44.2bRM 7.1b14.7x15.6x2.5x
Sat, 09 Sep 2023RM 110.1bRM 44.2bRM 7.1b14.7x15.5x2.5x
Mon, 07 Aug 2023RM 103.2bRM 43.2bRM 6.9b13x14.9x2.4x
Wed, 05 Jul 2023RM 96.6bRM 42.2bRM 6.8b12.8x14.2x2.3x
Fri, 02 Jun 2023RM 95.9bRM 42.1bRM 6.7b12x14.4x2.3x
Sun, 30 Apr 2023RM 96.4bRM 40.6bRM 6.2b12.7x15.6x2.4x
Tue, 28 Mar 2023RM 93.8bRM 40.6bRM 6.0b12x15.7x2.3x
Thu, 23 Feb 2023RM 93.4bRM 39.9bRM 5.8b12.6x16x2.3x
Price to Earnings Ratio

16x


Total Market Cap: RM 93.4bTotal Earnings: RM 5.8bTotal Revenue: RM 39.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Real Estate Sector Price to Earnings3Y Average 14.8x202420252026
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 14.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 24% 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 Market0.78%
Real Estate1.90%
Real Estate2.50%
Hotel and Resort REITs1.74%
Retail REITs1.60%
Industrial REITs0.82%
REITS0.42%
Office REITs-0.58%
Health Care REITs-0.77%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 12.6x.
    • Analysts are expecting annual earnings decline of 1.2%, which is less than its past year's earnings decline of 36.2%.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading close to its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings decline of 2.6% per year.
  • In contrast, the REITS industry is expected to see its earnings decline by 8.7% 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
KSL KSL Holdings BerhadRM 3.3814.2%
+RM 450.8m		108.6%PE8.6x
IOIPG IOI Properties Group BerhadRM 3.312.5%
+RM 440.5m		54.7%PE11x
SIMEPROP Sime Darby Property BerhadRM 1.513.4%
+RM 340.0m		-2.6%PE19.8x
TROP Tropicana Corporation BerhadRM 1.2810.3%
+RM 289.4m		11.3%PE20.7x
SPSETIA S P Setia BerhadRM 0.965.5%
+RM 250.2m		-31.9%PE18.7x

Latest News

SPSETIA
RM 0.96
S P Setia Berhad
7D
5.5%
1Y
-31.9%

Estimating The Fair Value Of S P Setia Berhad (KLSE:SPSETIA)

Feb 13
Estimating The Fair Value Of S P Setia Berhad (KLSE:SPSETIA)
TROP
RM 1.28
Tropicana Corporation Berhad
7D
10.3%
1Y
11.3%

Tropicana Corporation Berhad (KLSE:TROP) Investors Are Less Pessimistic Than Expected

Feb 13
Tropicana Corporation Berhad (KLSE:TROP) Investors Are Less Pessimistic Than Expected
SUNSURIA
RM 0.37
Sunsuria Berhad
7D
-7.5%
1Y
-17.8%
KSL
RM 3.38
KSL Holdings Berhad
7D
14.2%
1Y
108.6%
ECOWLD
RM 2.23
Eco World Development Group Berhad
7D
2.3%
1Y
16.1%

Calculating The Intrinsic Value Of Eco World Development Group Berhad (KLSE:ECOWLD)

Feb 11
Calculating The Intrinsic Value Of Eco World Development Group Berhad (KLSE:ECOWLD)
PARADIGM
RM 1.02
Paradigm Real Estate Investment Trust
7D
-2.9%
1Y
n/a
SUNREIT
RM 2.66
Sunway Real Estate Investment Trust
7D
2.7%
1Y
33.7%
IGBREIT
RM 2.95
IGB Real Estate Investment Trust
7D
1.4%
1Y
31.7%
IOIPG
RM 3.31
IOI Properties Group Berhad
7D
2.5%
1Y
54.7%
SIMEPROP
RM 1.51
Sime Darby Property Berhad
7D
3.4%
1Y
-2.6%

Is Sime Darby Property Berhad (KLSE:SIMEPROP) Worth RM1.5 Based On Its Intrinsic Value?

Jan 27
Is Sime Darby Property Berhad (KLSE:SIMEPROP) Worth RM1.5 Based On Its Intrinsic Value?
MAXIM
RM 0.30
Maxim Global Berhad
7D
-11.8%
1Y
0%

Should You Be Adding Maxim Global Berhad (KLSE:MAXIM) To Your Watchlist Today?

Jan 26
Should You Be Adding Maxim Global Berhad (KLSE:MAXIM) To Your Watchlist Today?
SENTRAL
RM 0.79
Sentral REIT
7D
-1.9%
1Y
0%
KIPREIT
RM 0.93
KIP Real Estate Investment Trust
7D
-2.1%
1Y
5.1%
IBHD
RM 0.27
I-Berhad
7D
-5.4%
1Y
8.2%
NCT
RM 0.58
NCT Alliance Berhad
7D
-1.7%
1Y
22.1%
LAGENDA
RM 1.39
Lagenda Properties Berhad
7D
-2.8%
1Y
7.8%