Narrative Update • Jun 01

Over the last 7 days, the REITS industry has remained flat. Furthermore, the industry has been flat for the past year as well. 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 |
|---|---|---|---|---|---|---|
| Fri, 12 Jun 2026 | RM 22.4b | RM 2.6b | RM 1.7b | 14.5x | 13.2x | 8.7x |
| Sun, 10 May 2026 | RM 22.4b | RM 2.6b | RM 1.7b | 14.7x | 13.3x | 8.7x |
| Tue, 07 Apr 2026 | RM 21.8b | RM 2.6b | RM 1.7b | 15.1x | 13x | 8.6x |
| Thu, 05 Mar 2026 | RM 22.6b | RM 2.5b | RM 1.7b | 15.6x | 13.5x | 8.9x |
| Sat, 31 Jan 2026 | RM 22.9b | RM 2.5b | RM 1.7b | 16.3x | 13.7x | 9x |
| Mon, 29 Dec 2025 | RM 21.8b | RM 2.5b | RM 1.4b | 17.8x | 15.8x | 8.7x |
| Wed, 26 Nov 2025 | RM 22.3b | RM 2.5b | RM 1.4b | 17.3x | 16.2x | 8.9x |
| Fri, 24 Oct 2025 | RM 22.1b | RM 2.5b | RM 1.4b | 19.1x | 16.2x | 8.9x |
| Sun, 21 Sep 2025 | RM 21.6b | RM 2.5b | RM 1.4b | 18.4x | 16x | 8.7x |
| Tue, 19 Aug 2025 | RM 21.5b | RM 2.5b | RM 1.3b | 18.2x | 16x | 8.7x |
| Thu, 17 Jul 2025 | RM 21.7b | RM 2.4b | RM 1.3b | 21.2x | 16.5x | 8.9x |
| Sat, 14 Jun 2025 | RM 23.6b | RM 2.4b | RM 1.3b | 20.1x | 17.9x | 9.7x |
| Mon, 12 May 2025 | RM 21.7b | RM 2.4b | RM 1.3b | 19.4x | 16.6x | 8.9x |
| Wed, 09 Apr 2025 | RM 20.6b | RM 2.4b | RM 1.3b | 19.6x | 15.8x | 8.5x |
| Fri, 07 Mar 2025 | RM 20.7b | RM 2.4b | RM 1.3b | 20.7x | 15.9x | 8.5x |
| Sun, 02 Feb 2025 | RM 20.0b | RM 2.4b | RM 1.3b | 17x | 15.8x | 8.3x |
| Tue, 31 Dec 2024 | RM 19.9b | RM 2.4b | RM 1.3b | 15.3x | 15.4x | 8.3x |
| Thu, 28 Nov 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 15.2x | 15.1x | 8.1x |
| Sat, 26 Oct 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 15.2x | 15.1x | 8.2x |
| Mon, 23 Sep 2024 | RM 19.1b | RM 2.4b | RM 1.3b | 15.1x | 15x | 8.1x |
| Wed, 21 Aug 2024 | RM 18.6b | RM 2.3b | RM 1.3b | 14.8x | 14.7x | 8x |
| Fri, 19 Jul 2024 | RM 18.4b | RM 2.3b | RM 1.3b | 14.5x | 14.6x | 7.9x |
| Sun, 16 Jun 2024 | RM 18.4b | RM 2.3b | RM 1.3b | 14.5x | 14.6x | 7.9x |
| Tue, 14 May 2024 | RM 18.5b | RM 2.3b | RM 1.3b | 14.6x | 14.7x | 8x |
| Thu, 11 Apr 2024 | RM 18.3b | RM 2.3b | RM 1.2b | 14.8x | 14.8x | 8x |
| Sat, 09 Mar 2024 | RM 17.9b | RM 2.3b | RM 1.2b | 14.3x | 14.4x | 7.8x |
| Mon, 05 Feb 2024 | RM 18.1b | RM 2.2b | RM 1.2b | 16.2x | 15.4x | 8.1x |
| Wed, 03 Jan 2024 | RM 17.5b | RM 2.2b | RM 1.1b | 18.3x | 15.6x | 7.8x |
| Fri, 01 Dec 2023 | RM 17.5b | RM 2.2b | RM 1.1b | 18.3x | 15.6x | 7.8x |
| Sun, 29 Oct 2023 | RM 17.2b | RM 2.2b | RM 1.1b | 18.6x | 15.3x | 7.7x |
| Tue, 26 Sep 2023 | RM 17.0b | RM 2.2b | RM 1.1b | 18.7x | 15.2x | 7.7x |
| Thu, 24 Aug 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.8x | 15.3x | 7.8x |
| Sat, 22 Jul 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 17.4x | 15.2x | 7.9x |
| Mon, 19 Jun 2023 | RM 17.3b | RM 2.2b | RM 1.1b | 17.7x | 15.5x | 8x |
15.5x
Which industries have driven the changes within the Malaysian Real Estate industry?
| MY Market | -1.06% | |
| Real Estate | -1.75% | |
| REITS | 0.66% | |
| Office REITs | 0.98% | |
| Diversified REITs | 0.66% | |
| Industrial REITs | 0.23% | |
| Hotel and Resort REITs | -0.98% | |
| Healthcare REITs | -1.67% | |
| Retail REITs | -3.22% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KLCC KLCC Property Holdings Berhad | RM 9.19 | 2.8% +RM 451.3m | 2.3% | PB1.2x | |
| AXREIT Axis Real Estate Investment Trust | RM 1.95 | 0.5% +RM 20.2m | 1.0% | PB1.2x | |
| ALSREIT Al-Salam Real Estate Investment Trust | RM 0.52 | 4.0% +RM 11.6m | 36.8% | PB0.5x |