Analysis Article • May 15

In the last week, the REITS industry is flat overall, with Axis Real Estate Investment Trust standing out by going down 4.0%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are forecast to decline by 7.6% per annum.
Has the Malaysian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Jul 2026 | RM 22.0b | RM 2.6b | RM 1.7b | 14.6x | 13x | 8.6x |
| Sun, 31 May 2026 | RM 21.9b | RM 2.6b | RM 1.7b | 14.6x | 12.9x | 8.5x |
| Tue, 28 Apr 2026 | RM 22.6b | RM 2.6b | RM 1.7b | 15.1x | 13.4x | 8.8x |
| Thu, 26 Mar 2026 | RM 22.3b | RM 2.6b | RM 1.7b | 15x | 13.3x | 8.7x |
| Sat, 21 Feb 2026 | RM 23.0b | RM 2.5b | RM 1.7b | 16.2x | 13.8x | 9x |
| Mon, 19 Jan 2026 | RM 22.7b | RM 2.5b | RM 1.4b | 18.1x | 16.5x | 9.1x |
| Wed, 17 Dec 2025 | RM 21.9b | RM 2.5b | RM 1.4b | 17.7x | 15.9x | 8.8x |
| Fri, 14 Nov 2025 | RM 21.9b | RM 2.5b | RM 1.4b | 17.9x | 16x | 8.8x |
| Sun, 12 Oct 2025 | RM 21.7b | RM 2.5b | RM 1.4b | 19x | 16x | 8.8x |
| Tue, 09 Sep 2025 | RM 21.5b | RM 2.5b | RM 1.4b | 18.2x | 15.9x | 8.7x |
| Thu, 07 Aug 2025 | RM 21.6b | RM 2.5b | RM 1.3b | 18.7x | 16.1x | 8.7x |
| Sat, 05 Jul 2025 | RM 23.2b | RM 2.7b | RM 1.4b | 19.7x | 16.4x | 8.7x |
| Mon, 02 Jun 2025 | RM 21.7b | RM 2.4b | RM 1.3b | 19.9x | 16.5x | 8.9x |
| Wed, 30 Apr 2025 | RM 21.3b | RM 2.4b | RM 1.3b | 19.5x | 16.3x | 8.7x |
| Fri, 28 Mar 2025 | RM 20.5b | RM 2.4b | RM 1.3b | 20.3x | 15.8x | 8.4x |
| Sun, 23 Feb 2025 | RM 20.1b | RM 2.4b | RM 1.3b | 20.7x | 15.5x | 8.3x |
| Tue, 21 Jan 2025 | RM 19.8b | RM 2.4b | RM 1.3b | 15.1x | 15.4x | 8.3x |
| Thu, 19 Dec 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 14.8x | 14.9x | 8x |
| Sat, 16 Nov 2024 | RM 19.3b | RM 2.4b | RM 1.3b | 15.3x | 15.2x | 8.2x |
| Mon, 14 Oct 2024 | RM 19.3b | RM 2.4b | RM 1.3b | 15.3x | 15.2x | 8.2x |
| Wed, 11 Sep 2024 | RM 18.7b | RM 2.4b | RM 1.3b | 14.7x | 14.7x | 7.9x |
| Fri, 09 Aug 2024 | RM 18.4b | RM 2.3b | RM 1.3b | 14.7x | 14.6x | 7.9x |
| Sun, 07 Jul 2024 | RM 18.3b | RM 2.3b | RM 1.3b | 14.3x | 14.5x | 7.9x |
| Tue, 04 Jun 2024 | RM 18.5b | RM 2.3b | RM 1.3b | 14.7x | 14.8x | 8.1x |
| Thu, 02 May 2024 | RM 18.6b | RM 2.3b | RM 1.3b | 14.6x | 14.8x | 8.1x |
| Sat, 30 Mar 2024 | RM 18.2b | RM 2.3b | RM 1.2b | 14.5x | 14.7x | 8x |
| Mon, 26 Feb 2024 | RM 17.9b | RM 2.3b | RM 1.2b | 14.2x | 14.5x | 7.9x |
| Wed, 24 Jan 2024 | RM 17.9b | RM 2.2b | RM 1.1b | 18.3x | 15.9x | 8x |
| Fri, 22 Dec 2023 | RM 17.7b | RM 2.2b | RM 1.1b | 17.9x | 15.8x | 7.9x |
| Sun, 19 Nov 2023 | RM 17.6b | RM 2.2b | RM 1.1b | 18.3x | 15.7x | 7.9x |
| Tue, 17 Oct 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.2x | 15.3x | 7.7x |
| Thu, 14 Sep 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.5x | 15.3x | 7.8x |
| Sat, 12 Aug 2023 | RM 17.0b | RM 2.2b | RM 1.1b | 18.5x | 15.4x | 7.9x |
| Mon, 10 Jul 2023 | RM 17.4b | RM 2.2b | RM 1.1b | 17.8x | 15.5x | 8x |
15.5x
Which industries have driven the changes within the Malaysian Real Estate industry?
| MY Market | -0.18% | |
| Real Estate | -1.86% | |
| REITS | -0.87% | |
| Hotel and Resort REITs | 3.92% | |
| Office REITs | 0.78% | |
| Healthcare REITs | -0.85% | |
| Diversified REITs | -0.87% | |
| Industrial REITs | -1.38% | |
| Retail REITs | -1.76% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ALSREIT Al-Salam Real Estate Investment Trust | RM 0.58 | 5.5% +RM 17.4m | 43.2% | PB0.5x | |
| IGBCR IGB Commercial Real Estate Investment Trust | RM 0.60 | 0.8% +RM 12.1m | 3.4% | PB0.6x |