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Malaysian (KLSE) REITS Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies5
  • 7D2.8%
  • 3M0.9%
  • 1Y7.0%
  • YTD5.5%

In the last week, the REITS industry is up 2.8%, with KLCC Property Holdings Berhad up 2.5%. This means that the industry has gained 7.0% over the past year. As for the next few years, earnings are forecast to decline by 8.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 May 2026RM 23.0bRM 2.6bRM 1.7b15x13.6x9x
Wed, 15 Apr 2026RM 22.3bRM 2.6bRM 1.7b15.2x13.3x8.7x
Fri, 13 Mar 2026RM 22.6bRM 2.5bRM 1.7b15.8x13.5x8.9x
Sun, 08 Feb 2026RM 22.8bRM 2.5bRM 1.7b16.2x13.7x9x
Tue, 06 Jan 2026RM 22.0bRM 2.5bRM 1.4b18.1x15.9x8.8x
Thu, 04 Dec 2025RM 22.1bRM 2.5bRM 1.4b17.2x16x8.8x
Sat, 01 Nov 2025RM 22.0bRM 2.5bRM 1.4b18.2x16x8.8x
Mon, 29 Sep 2025RM 21.5bRM 2.5bRM 1.4b18.4x15.9x8.7x
Wed, 27 Aug 2025RM 21.6bRM 2.5bRM 1.3b18.3x16.1x8.7x
Fri, 25 Jul 2025RM 21.7bRM 2.4bRM 1.3b21.3x16.5x8.9x
Sun, 22 Jun 2025RM 23.4bRM 2.4bRM 1.3b19.7x17.8x9.6x
Tue, 20 May 2025RM 21.6bRM 2.4bRM 1.3b19.6x16.6x8.9x
Thu, 17 Apr 2025RM 20.5bRM 2.4bRM 1.3b20.1x15.8x8.4x
Sat, 15 Mar 2025RM 20.7bRM 2.4bRM 1.3b20.3x15.9x8.5x
Mon, 10 Feb 2025RM 20.6bRM 2.4bRM 1.3b17.2x15.7x8.5x
Wed, 08 Jan 2025RM 19.7bRM 2.4bRM 1.3b15.2x15.3x8.3x
Fri, 06 Dec 2024RM 19.2bRM 2.4bRM 1.3b14.9x14.9x8x
Sun, 03 Nov 2024RM 19.2bRM 2.4bRM 1.3b15.1x15.1x8.1x
Tue, 01 Oct 2024RM 19.3bRM 2.4bRM 1.3b15.2x15.1x8.2x
Thu, 29 Aug 2024RM 18.8bRM 2.3bRM 1.3b15x14.8x8x
Sat, 27 Jul 2024RM 18.4bRM 2.3bRM 1.3b14.6x14.6x7.9x
Mon, 24 Jun 2024RM 18.3bRM 2.3bRM 1.3b14.4x14.5x7.9x
Wed, 22 May 2024RM 18.5bRM 2.3bRM 1.3b14.6x14.7x8x
Fri, 19 Apr 2024RM 18.3bRM 2.3bRM 1.2b14.8x14.7x8x
Sun, 17 Mar 2024RM 18.4bRM 2.3bRM 1.2b14.6x14.8x8x
Tue, 13 Feb 2024RM 18.1bRM 2.3bRM 1.3b14.3x14.2x8x
Thu, 11 Jan 2024RM 17.8bRM 2.2bRM 1.1b18.3x15.8x7.9x
Sat, 09 Dec 2023RM 17.4bRM 2.2bRM 1.1b18.1x15.5x7.7x
Mon, 06 Nov 2023RM 17.4bRM 2.2bRM 1.1b18.3x15.5x7.8x
Wed, 04 Oct 2023RM 17.1bRM 2.2bRM 1.1b19x15.3x7.7x
Fri, 01 Sep 2023RM 17.0bRM 2.2bRM 1.1b19.3x15.3x7.7x
Sun, 30 Jul 2023RM 17.1bRM 2.2bRM 1.1b18.8x15.5x7.9x
Tue, 27 Jun 2023RM 17.3bRM 2.2bRM 1.1b17.6x15.5x8x
Thu, 25 May 2023RM 17.5bRM 2.1bRM 1.1b17.7x15.9x8.3x
Price to Earnings Ratio

15.9x


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 15.3x202420252026
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 13.6x which is lower than its 3-year average PE of 15.3x.
  • 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 Market-0.083%
Real Estate0.25%
REITS2.75%
Diversified REITs2.75%
Retail REITs2.58%
Healthcare REITs0%0
Office REITs-0.90%
Industrial REITs-1.75%
Hotel and Resort REITs-1.96%
Industry PE
  • Investors are most optimistic about the Healthcare 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 Healthcare 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
AXREIT Axis Real Estate Investment TrustRM 2.083.5%
+RM 141.7m		10.6%PB1.2x
KLCC KLCC Property Holdings BerhadRM 9.220.8%
+RM 126.4m		3.6%PB1.2x
ARREIT AmanahRaya Real Estate Investment TrustRM 0.391.3%
+RM 2.9m		-4.9%PB0.3x

Latest News

AXREIT
RM 2.08
Axis Real Estate Investment Trust
7D
3.5%
1Y
10.6%
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...
IGBCR
RM 0.60
IGB Commercial Real Estate Investment Trust
7D
-1.6%
1Y
9.1%
KLCC
RM 9.22
KLCC Property Holdings Berhad
7D
0.8%
1Y
3.6%
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.
ARREIT
RM 0.39
AmanahRaya Real Estate Investment Trust
7D
1.3%
1Y
-4.9%