Analysis Article • May 15

Over the last 7 days, the REITS industry has remained flat, although notably Al-Salam Real Estate Investment Trust gained 11%. As for the the longer term, the industry is up 3.1% over the past 12 months. In the next few years, earnings are forecast to decline by 7.6% annually.
Has the Malaysian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | RM 22.4b | RM 2.6b | RM 1.7b | 14.5x | 13.2x | 8.7x |
| Sat, 30 May 2026 | RM 21.9b | RM 2.6b | RM 1.7b | 14.6x | 12.9x | 8.5x |
| Mon, 27 Apr 2026 | RM 22.7b | RM 2.6b | RM 1.7b | 15.1x | 13.5x | 8.9x |
| Wed, 25 Mar 2026 | RM 22.1b | RM 2.6b | RM 1.7b | 15.1x | 13.1x | 8.6x |
| Fri, 20 Feb 2026 | RM 23.0b | RM 2.5b | RM 1.7b | 16.2x | 13.8x | 9x |
| Sun, 18 Jan 2026 | RM 22.7b | RM 2.5b | RM 1.4b | 18.1x | 16.5x | 9.1x |
| Tue, 16 Dec 2025 | RM 22.0b | RM 2.5b | RM 1.4b | 17.8x | 16x | 8.8x |
| Thu, 13 Nov 2025 | RM 21.9b | RM 2.5b | RM 1.4b | 17.7x | 15.9x | 8.8x |
| Sat, 11 Oct 2025 | RM 21.7b | RM 2.5b | RM 1.4b | 19x | 16x | 8.8x |
| Mon, 08 Sep 2025 | RM 21.6b | RM 2.5b | RM 1.4b | 18.3x | 15.9x | 8.7x |
| Wed, 06 Aug 2025 | RM 21.6b | RM 2.5b | RM 1.3b | 18.6x | 16.1x | 8.8x |
| Fri, 04 Jul 2025 | RM 23.2b | RM 2.7b | RM 1.4b | 19.6x | 16.4x | 8.7x |
| Sun, 01 Jun 2025 | RM 21.7b | RM 2.4b | RM 1.3b | 19.9x | 16.5x | 8.9x |
| Tue, 29 Apr 2025 | RM 21.3b | RM 2.4b | RM 1.3b | 19.7x | 16.3x | 8.7x |
| Thu, 27 Mar 2025 | RM 20.4b | RM 2.4b | RM 1.3b | 20.1x | 15.7x | 8.4x |
| Sat, 22 Feb 2025 | RM 20.1b | RM 2.4b | RM 1.3b | 20.7x | 15.5x | 8.3x |
| Mon, 20 Jan 2025 | RM 19.7b | RM 2.4b | RM 1.3b | 15.2x | 15.3x | 8.3x |
| Wed, 18 Dec 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 14.8x | 14.9x | 8x |
| Fri, 15 Nov 2024 | RM 19.1b | RM 2.4b | RM 1.3b | 15.2x | 15.1x | 8.1x |
| Sun, 13 Oct 2024 | RM 19.3b | RM 2.4b | RM 1.3b | 15.3x | 15.2x | 8.2x |
| Tue, 10 Sep 2024 | RM 19.0b | RM 2.4b | RM 1.3b | 15.1x | 15x | 8.1x |
| Thu, 08 Aug 2024 | RM 18.4b | RM 2.3b | RM 1.3b | 14.6x | 14.6x | 7.9x |
| Sat, 06 Jul 2024 | RM 18.3b | RM 2.3b | RM 1.3b | 14.3x | 14.5x | 7.9x |
| Mon, 03 Jun 2024 | RM 18.5b | RM 2.3b | RM 1.3b | 14.7x | 14.8x | 8.1x |
| Wed, 01 May 2024 | RM 18.6b | RM 2.3b | RM 1.3b | 14.6x | 14.8x | 8.1x |
| Fri, 29 Mar 2024 | RM 18.2b | RM 2.3b | RM 1.2b | 14.6x | 14.7x | 8x |
| Sun, 25 Feb 2024 | RM 17.9b | RM 2.3b | RM 1.2b | 14.2x | 14.5x | 7.9x |
| Tue, 23 Jan 2024 | RM 17.8b | RM 2.2b | RM 1.1b | 18.3x | 15.9x | 7.9x |
| Thu, 21 Dec 2023 | RM 17.7b | RM 2.2b | RM 1.1b | 17.9x | 15.8x | 7.9x |
| Sat, 18 Nov 2023 | RM 17.6b | RM 2.2b | RM 1.1b | 18.3x | 15.7x | 7.9x |
| Mon, 16 Oct 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.2x | 15.3x | 7.7x |
| Wed, 13 Sep 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.7x | 15.3x | 7.8x |
| Fri, 11 Aug 2023 | RM 17.0b | RM 2.2b | RM 1.1b | 18.5x | 15.4x | 7.9x |
| Sun, 09 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 | -0.33% | |
| Real Estate | 0.024% | |
| REITS | 0.37% | |
| Hotel and Resort REITs | 6.00% | |
| Office REITs | 1.31% | |
| Healthcare REITs | 0.86% | |
| Industrial REITs | 0.69% | |
| Diversified REITs | 0.37% | |
| Retail REITs | -0.066% | |
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 0.57 | 10.7% +RM 31.9m | 34.1% | PB0.5x | |
| IGBCR IGB Commercial Real Estate Investment Trust | RM 0.60 | 0.8% +RM 12.1m | 4.3% | PB0.6x |