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Malaysian (KLSE) REITS Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies5
  • 7D0.4%
  • 3M4.6%
  • 1Y10.7%
  • YTD4.9%

The REITS is pretty flat in the last 7 days, but AmanahRaya Real Estate Investment Trust has stood out, gaining 4.6%. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are forecast to decline by 8.7% per annum.

Industry Valuation and Performance

Has the Malaysian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Feb 2026RM 22.9bRM 2.5bRM 1.7b16.2x13.7x9x
Thu, 15 Jan 2026RM 22.8bRM 2.5bRM 1.4b18.2x16.5x9.1x
Sat, 13 Dec 2025RM 22.0bRM 2.5bRM 1.4b17.7x16x8.8x
Mon, 10 Nov 2025RM 22.1bRM 2.5bRM 1.4b18.2x16.1x8.9x
Wed, 08 Oct 2025RM 21.8bRM 2.5bRM 1.4b19x16.1x8.8x
Fri, 05 Sep 2025RM 21.6bRM 2.5bRM 1.4b18.3x15.9x8.7x
Sun, 03 Aug 2025RM 21.5bRM 2.5bRM 1.3b18.1x16x8.7x
Tue, 01 Jul 2025RM 23.3bRM 2.7bRM 1.4b19.7x16.4x8.8x
Thu, 29 May 2025RM 21.6bRM 2.4bRM 1.3b19.9x16.4x8.8x
Sat, 26 Apr 2025RM 21.2bRM 2.4bRM 1.3b19.5x16.2x8.7x
Mon, 24 Mar 2025RM 20.3bRM 2.4bRM 1.3b20.3x15.6x8.3x
Wed, 19 Feb 2025RM 20.5bRM 2.4bRM 1.3b16.9x15.6x8.4x
Fri, 17 Jan 2025RM 19.7bRM 2.4bRM 1.3b15.1x15.3x8.3x
Sun, 15 Dec 2024RM 19.1bRM 2.4bRM 1.3b14.8x14.8x8x
Tue, 12 Nov 2024RM 19.3bRM 2.4bRM 1.3b15.4x15.2x8.2x
Thu, 10 Oct 2024RM 19.1bRM 2.4bRM 1.3b15x15x8.1x
Sat, 07 Sep 2024RM 18.8bRM 2.4bRM 1.3b14.9x14.8x8x
Mon, 05 Aug 2024RM 18.5bRM 2.3bRM 1.3b14.6x14.6x7.9x
Wed, 03 Jul 2024RM 18.3bRM 2.3bRM 1.3b14.4x14.5x7.8x
Fri, 31 May 2024RM 18.7bRM 2.3bRM 1.3b14.9x14.9x8.1x
Sun, 28 Apr 2024RM 18.9bRM 2.3bRM 1.3b14.9x15.1x8.2x
Tue, 26 Mar 2024RM 18.1bRM 2.3bRM 1.2b14.6x14.6x7.9x
Thu, 22 Feb 2024RM 18.1bRM 2.3bRM 1.3b14.4x14.2x8x
Sat, 20 Jan 2024RM 17.7bRM 2.2bRM 1.1b18.4x15.8x7.9x
Mon, 18 Dec 2023RM 18.0bRM 2.2bRM 1.1b18.1x16x8x
Wed, 15 Nov 2023RM 17.4bRM 2.2bRM 1.1b18.4x15.5x7.8x
Fri, 13 Oct 2023RM 17.1bRM 2.2bRM 1.1b18.8x15.3x7.8x
Sun, 10 Sep 2023RM 17.0bRM 2.2bRM 1.1b18.7x15.3x7.7x
Tue, 08 Aug 2023RM 17.1bRM 2.2bRM 1.1b18.6x15.5x7.9x
Thu, 06 Jul 2023RM 17.2bRM 2.2bRM 1.1b17.6x15.4x8x
Sat, 03 Jun 2023RM 17.5bRM 2.2bRM 1.1b17.7x15.6x8.1x
Mon, 01 May 2023RM 17.8bRM 2.1bRM 1.1b18.3x16.1x8.5x
Wed, 29 Mar 2023RM 17.5bRM 2.1bRM 1.1b17.3x15.7x8.3x
Fri, 24 Feb 2023RM 41.2bRM 5.3bRM 2.6b17.5x15.8x7.8x
Price to Earnings Ratio

15.8x


Total Market Cap: RM 41.2bTotal Earnings: RM 2.6bTotal Revenue: RM 5.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian REITS Industry Price to Earnings3Y Average 15.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Malaysian REITs 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 13.7x which is lower than its 3-year average PE of 15.5x.
  • The industry is trading close to its 3-year average PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 14% per year over the last three years,
  • Revenues have also declined 22% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Malaysian Real Estate industry?

MY Market0.78%
Real Estate1.90%
REITS0.42%
Hotel and Resort REITs1.74%
Retail REITs1.60%
Industrial REITs0.82%
Diversified REITs0.42%
Office REITs-0.58%
Healthcare 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 12.9x.
    • 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 12.1x.
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 Diversified 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
ARREIT AmanahRaya Real Estate Investment TrustRM 0.344.6%
+RM 8.6m		-5.6%PB0.3x

Latest News

ALSREIT
RM 0.46
Al-Salam Real Estate Investment Trust
7D
-7.1%
1Y
15.2%
KLCC
RM 9.22
KLCC Property Holdings Berhad
7D
-2.9%
1Y
8.7%

KLCC: Future Returns Will Depend On Earnings Resilience And Dividend Consistency

Analysts have nudged their fair value estimate for KLCC Property Holdings Berhad higher from RM8.95 to RM9.09, citing updated assumptions around revenue growth, profit margins, and a lower forward P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value estimate of RM9.09 as reflecting refreshed assumptions on revenue and margins that they view as better aligned with the current operating backdrop, rather than a stretch valuation.
AXREIT
RM 2.05
Axis Real Estate Investment Trust
7D
-0.5%
1Y
14.5%

Axis Real Estate Investment Trust Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 30
Axis Real Estate Investment Trust Just Recorded A 35% EPS Beat: Here's What Analysts Are Forecasting Next
ARREIT
RM 0.34
AmanahRaya Real Estate Investment Trust
7D
4.6%
1Y
-5.6%