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Malaysian (KLSE) REITS Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies5
  • 7D-2.5%
  • 3M0.4%
  • 1Y4.7%
  • YTD-0.5%

Over the last 7 days, the REITS industry has dropped 2.5%, driven by KLCC Property Holdings Berhad declining 2.2%. In the past year, the industry has gained 4.7%. In the next few years, earnings are forecast to decline by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026RM 21.7bRM 2.6bRM 1.7b15.1x12.9x8.5x
Sun, 01 Mar 2026RM 22.7bRM 2.5bRM 1.7b16.1x13.6x8.9x
Tue, 27 Jan 2026RM 22.9bRM 2.5bRM 1.4b18.1x16.6x9.2x
Thu, 25 Dec 2025RM 21.8bRM 2.5bRM 1.4b17.9x15.8x8.7x
Sat, 22 Nov 2025RM 22.3bRM 2.5bRM 1.4b17.3x16.2x8.9x
Mon, 20 Oct 2025RM 22.2bRM 2.5bRM 1.4b18.9x16.4x9x
Wed, 17 Sep 2025RM 21.7bRM 2.5bRM 1.4b18.5x16x8.8x
Fri, 15 Aug 2025RM 21.6bRM 2.5bRM 1.3b18.4x16.1x8.8x
Sun, 13 Jul 2025RM 23.4bRM 2.7bRM 1.4b20.2x16.5x8.8x
Tue, 10 Jun 2025RM 22.1bRM 2.4bRM 1.3b20.3x16.8x9.1x
Thu, 08 May 2025RM 21.4bRM 2.4bRM 1.3b19.2x16.4x8.8x
Sat, 05 Apr 2025RM 21.0bRM 2.4bRM 1.3b20.1x16.1x8.6x
Mon, 03 Mar 2025RM 20.6bRM 2.4bRM 1.3b20.5x15.9x8.5x
Wed, 29 Jan 2025RM 19.8bRM 2.4bRM 1.3b16.9x15.7x8.2x
Fri, 27 Dec 2024RM 19.3bRM 2.4bRM 1.3b15x15x8.1x
Sun, 24 Nov 2024RM 19.2bRM 2.4bRM 1.3b15.2x15.1x8.1x
Tue, 22 Oct 2024RM 19.3bRM 2.4bRM 1.3b15.2x15.1x8.2x
Thu, 19 Sep 2024RM 19.2bRM 2.4bRM 1.3b15.2x15.1x8.2x
Sat, 17 Aug 2024RM 18.5bRM 2.3bRM 1.3b14.6x14.6x7.9x
Mon, 15 Jul 2024RM 18.2bRM 2.3bRM 1.3b14.3x14.5x7.8x
Wed, 12 Jun 2024RM 18.5bRM 2.3bRM 1.3b14.3x14.7x7.9x
Fri, 10 May 2024RM 18.5bRM 2.3bRM 1.3b14.6x14.8x8.1x
Sun, 07 Apr 2024RM 18.4bRM 2.3bRM 1.2b14.8x14.8x8x
Tue, 05 Mar 2024RM 18.1bRM 2.3bRM 1.2b14.3x14.6x8x
Thu, 01 Feb 2024RM 18.1bRM 2.2bRM 1.2b16.1x15.4x8.1x
Sat, 30 Dec 2023RM 17.6bRM 2.2bRM 1.1b18.1x15.7x7.8x
Mon, 27 Nov 2023RM 17.4bRM 2.2bRM 1.1b18.3x15.6x7.8x
Wed, 25 Oct 2023RM 17.1bRM 2.2bRM 1.1b18.4x15.3x7.7x
Fri, 22 Sep 2023RM 17.1bRM 2.2bRM 1.1b18.8x15.3x7.7x
Sun, 20 Aug 2023RM 17.1bRM 2.2bRM 1.1b18.7x15.2x7.7x
Tue, 18 Jul 2023RM 17.2bRM 2.2bRM 1.1b17.6x15.4x8x
Thu, 15 Jun 2023RM 17.4bRM 2.2bRM 1.1b17.8x15.5x8.1x
Sat, 13 May 2023RM 17.7bRM 2.1bRM 1.1b18x16x8.4x
Mon, 10 Apr 2023RM 17.5bRM 2.1bRM 1.1b17.2x15.7x8.4x
Price to Earnings Ratio

15.7x


Total Market Cap: RM 17.5bTotal Earnings: RM 1.1bTotal Revenue: RM 2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian REITS Industry Price to Earnings3Y Average 15.4x202420252026
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 12.9x which is lower than its 3-year average PE of 15.4x.
  • 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 grown 15% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 industry?

MY Market0.13%
Real Estate-0.0018%
REITS-2.52%
Healthcare REITs0.83%
Retail REITs0.80%
Hotel and Resort REITs-1.50%
Office REITs-2.17%
Industrial REITs-2.19%
Diversified REITs-2.52%
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 below 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 7.1% per year.
  • In contrast, the Diversified REITs industry is expected to see its earnings decline by 8.6% 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
AXREIT Axis Real Estate Investment TrustRM 1.940.5%
+RM 20.2m		6.6%PB1.1x
IGBCR IGB Commercial Real Estate Investment TrustRM 0.600.8%
+RM 12.1m		13.2%PB0.6x
ARREIT AmanahRaya Real Estate Investment TrustRM 0.334.8%
+RM 8.6m		-19.5%PB0.3x

Latest News

IGBCR
RM 0.60
IGB Commercial Real Estate Investment Trust
7D
0.8%
1Y
13.2%
AXREIT
RM 1.94
Axis Real Estate Investment Trust
7D
0.5%
1Y
6.6%
KLCC
RM 8.90
KLCC Property Holdings Berhad
7D
-2.2%
1Y
4.5%
ARREIT
RM 0.33
AmanahRaya Real Estate Investment Trust
7D
4.8%
1Y
-19.5%

ARREIT 2026: The Deep-Value Recovery Play Hiding in Plain Sight

AmanahRaya Real Estate Investment Trust (ARREIT) has emerged in 2026 as one of the most compelling "deep value" recovery plays in the Malaysian REIT (M-REIT) market. While many investors overlook smaller-cap trusts, a closer examination of ARREIT’s recent financial pivot reveals a massive disconnect between its current market price and the intrinsic value of its physical assets.
ALSREIT
RM 0.46
Al-Salam Real Estate Investment Trust
7D
-5.2%
1Y
23.0%