Narrative Update • May 03

Over the last 7 days, the Diversified REITs industry has remained flat, although notably AmanahRaya Real Estate Investment Trust declined by 3.8%. As for the the longer term, the industry is up 3.4% over the past 12 months. Looking forward, earnings are forecast to decline by 8.2% per year.
Has the Malaysian Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | RM 22.6b | RM 2.6b | RM 1.7b | 14.7x | 13.4x | 8.8x |
| Thu, 09 Apr 2026 | RM 22.3b | RM 2.6b | RM 1.7b | 15.2x | 13.3x | 8.7x |
| Sat, 07 Mar 2026 | RM 22.6b | RM 2.5b | RM 1.7b | 15.8x | 13.5x | 8.9x |
| Mon, 02 Feb 2026 | RM 22.9b | RM 2.5b | RM 1.7b | 16.3x | 13.7x | 9x |
| Wed, 31 Dec 2025 | RM 21.7b | RM 2.5b | RM 1.4b | 17.8x | 15.7x | 8.7x |
| Fri, 28 Nov 2025 | RM 22.6b | RM 2.5b | RM 1.4b | 17.6x | 16.4x | 9.1x |
| Sun, 26 Oct 2025 | RM 22.2b | RM 2.5b | RM 1.4b | 18.1x | 16.1x | 8.9x |
| Tue, 23 Sep 2025 | RM 21.5b | RM 2.5b | RM 1.4b | 18.4x | 15.9x | 8.7x |
| Thu, 21 Aug 2025 | RM 21.6b | RM 2.5b | RM 1.3b | 18.4x | 16.1x | 8.8x |
| Sat, 19 Jul 2025 | RM 21.6b | RM 2.4b | RM 1.3b | 21.3x | 16.4x | 8.9x |
| Mon, 16 Jun 2025 | RM 23.6b | RM 2.4b | RM 1.3b | 20.1x | 17.9x | 9.7x |
| Wed, 14 May 2025 | RM 21.7b | RM 2.4b | RM 1.3b | 19.6x | 16.7x | 8.9x |
| Fri, 11 Apr 2025 | RM 20.7b | RM 2.4b | RM 1.3b | 20x | 15.9x | 8.5x |
| Sun, 09 Mar 2025 | RM 21.0b | RM 2.4b | RM 1.3b | 20.7x | 16.1x | 8.6x |
| Tue, 04 Feb 2025 | RM 20.1b | RM 2.4b | RM 1.3b | 17.2x | 15.9x | 8.4x |
| Thu, 02 Jan 2025 | RM 20.0b | RM 2.4b | RM 1.3b | 15.2x | 15.5x | 8.4x |
| Sat, 30 Nov 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 14.9x | 14.9x | 8x |
| Mon, 28 Oct 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 15.2x | 15.1x | 8.2x |
| Wed, 25 Sep 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 15.1x | 15.1x | 8.2x |
| Fri, 23 Aug 2024 | RM 18.9b | RM 2.3b | RM 1.3b | 15x | 14.9x | 8.1x |
| Sun, 21 Jul 2024 | RM 18.5b | RM 2.3b | RM 1.3b | 14.6x | 14.7x | 8x |
| Tue, 18 Jun 2024 | RM 18.4b | RM 2.3b | RM 1.3b | 14.5x | 14.6x | 7.9x |
| Thu, 16 May 2024 | RM 18.5b | RM 2.3b | RM 1.3b | 14.6x | 14.7x | 8x |
| Sat, 13 Apr 2024 | RM 18.3b | RM 2.3b | RM 1.2b | 14.8x | 14.8x | 8x |
| Mon, 11 Mar 2024 | RM 17.9b | RM 2.3b | RM 1.2b | 14.3x | 14.4x | 7.8x |
| Wed, 07 Feb 2024 | RM 18.0b | RM 2.2b | RM 1.2b | 16x | 15.3x | 8x |
| Fri, 05 Jan 2024 | RM 17.8b | RM 2.2b | RM 1.1b | 18.3x | 15.9x | 7.9x |
| Sun, 03 Dec 2023 | RM 17.5b | RM 2.2b | RM 1.1b | 18.4x | 15.6x | 7.8x |
| Tue, 31 Oct 2023 | RM 17.2b | RM 2.2b | RM 1.1b | 18.3x | 15.4x | 7.8x |
| Thu, 28 Sep 2023 | RM 17.0b | RM 2.2b | RM 1.1b | 18.9x | 15.2x | 7.7x |
| Sat, 26 Aug 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.6x | 15.3x | 7.8x |
| Mon, 24 Jul 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 17.4x | 15.2x | 7.9x |
| Wed, 21 Jun 2023 | RM 17.5b | RM 2.2b | RM 1.1b | 17.8x | 15.6x | 8.1x |
| Fri, 19 May 2023 | RM 17.5b | RM 2.1b | RM 1.1b | 17.3x | 15.9x | 8.3x |
15.9x
How does Malaysian Diversified REITs compare with similar industries?
| MY Market | 0.59% | |
| Real Estate | 2.40% | |
| REITS | 0.48% | |
| Diversified REITs | 0.48% | |
| Retail REITs | 1.95% | |
| Industrial REITs | 1.54% | |
| Office REITs | 0.16% | |
| Hotel and Resort REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KLCC KLCC Property Holdings Berhad | RM 9.15 | 0.5% +RM 90.3m | 3.0% | PB1.2x | |
| AXREIT Axis Real Estate Investment Trust | RM 2.01 | 0.5% +RM 20.2m | 5.2% | PB1.2x | |
| ALSREIT Al-Salam Real Estate Investment Trust | RM 0.46 | 1.1% +RM 2.9m | 26.4% | PB0.4x |