Analysis Article • May 15

Over the last 7 days, the REITS industry has dropped 4.6%, driven by a pullback from KLCC Property Holdings Berhad of 6.3%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to decline by 7.6% per year.
Has the Malaysian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jun 2026 | RM 22.2b | RM 2.6b | RM 1.7b | 14.4x | 13.1x | 8.6x |
| Mon, 25 May 2026 | RM 22.4b | RM 2.6b | RM 1.7b | 14.7x | 13.2x | 8.7x |
| Wed, 22 Apr 2026 | RM 22.5b | RM 2.6b | RM 1.7b | 15.2x | 13.4x | 8.8x |
| Fri, 20 Mar 2026 | RM 22.2b | RM 2.5b | RM 1.7b | 15.5x | 13.2x | 8.7x |
| Sun, 15 Feb 2026 | RM 22.9b | RM 2.5b | RM 1.7b | 16.2x | 13.7x | 9x |
| Tue, 13 Jan 2026 | RM 22.5b | RM 2.5b | RM 1.4b | 18.2x | 16.3x | 9x |
| Thu, 11 Dec 2025 | RM 21.8b | RM 2.5b | RM 1.4b | 17.5x | 15.8x | 8.7x |
| Sat, 08 Nov 2025 | RM 22.1b | RM 2.5b | RM 1.4b | 18.2x | 16.1x | 8.9x |
| Mon, 06 Oct 2025 | RM 21.9b | RM 2.5b | RM 1.4b | 18.7x | 16.1x | 8.9x |
| Wed, 03 Sep 2025 | RM 21.6b | RM 2.5b | RM 1.4b | 18.2x | 15.9x | 8.7x |
| Fri, 01 Aug 2025 | RM 21.4b | RM 2.5b | RM 1.3b | 18.3x | 15.9x | 8.7x |
| Sun, 29 Jun 2025 | RM 23.3b | RM 2.7b | RM 1.4b | 19.5x | 16.4x | 8.8x |
| Tue, 27 May 2025 | RM 21.6b | RM 2.4b | RM 1.3b | 19.9x | 16.4x | 8.9x |
| Thu, 24 Apr 2025 | RM 21.1b | RM 2.4b | RM 1.3b | 20x | 16.2x | 8.7x |
| Sat, 22 Mar 2025 | RM 20.3b | RM 2.4b | RM 1.3b | 20.3x | 15.6x | 8.3x |
| Mon, 17 Feb 2025 | RM 20.6b | RM 2.4b | RM 1.3b | 17x | 15.7x | 8.5x |
| Wed, 15 Jan 2025 | RM 19.8b | RM 2.4b | RM 1.3b | 15.1x | 15.3x | 8.3x |
| Fri, 13 Dec 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 14.9x | 14.9x | 8.1x |
| Sun, 10 Nov 2024 | RM 19.2b | RM 2.4b | RM 1.3b | 15.2x | 15.1x | 8.1x |
| Tue, 08 Oct 2024 | RM 19.1b | RM 2.4b | RM 1.3b | 15x | 15x | 8.1x |
| Thu, 05 Sep 2024 | RM 18.8b | RM 2.4b | RM 1.3b | 14.9x | 14.8x | 8x |
| Sat, 03 Aug 2024 | RM 18.5b | RM 2.3b | RM 1.3b | 14.6x | 14.6x | 7.9x |
| Mon, 01 Jul 2024 | RM 18.1b | RM 2.3b | RM 1.3b | 14.2x | 14.4x | 7.8x |
| Wed, 29 May 2024 | RM 18.6b | RM 2.3b | RM 1.3b | 14.8x | 14.9x | 8.1x |
| Fri, 26 Apr 2024 | RM 18.9b | RM 2.3b | RM 1.3b | 14.9x | 15x | 8.2x |
| Sun, 24 Mar 2024 | RM 18.3b | RM 2.3b | RM 1.2b | 14.5x | 14.7x | 8x |
| Tue, 20 Feb 2024 | RM 18.6b | RM 2.3b | RM 1.3b | 14.8x | 14.5x | 8.2x |
| Thu, 18 Jan 2024 | RM 17.8b | RM 2.2b | RM 1.1b | 18.3x | 15.9x | 7.9x |
| Sat, 16 Dec 2023 | RM 18.0b | RM 2.2b | RM 1.1b | 18.1x | 16x | 8x |
| Mon, 13 Nov 2023 | RM 17.5b | RM 2.2b | RM 1.1b | 18.3x | 15.6x | 7.9x |
| Wed, 11 Oct 2023 | RM 17.1b | RM 2.2b | RM 1.1b | 18.8x | 15.3x | 7.7x |
| Fri, 08 Sep 2023 | RM 17.0b | RM 2.2b | RM 1.1b | 18.6x | 15.3x | 7.7x |
| Sun, 06 Aug 2023 | RM 17.2b | RM 2.2b | RM 1.1b | 18.8x | 15.5x | 7.9x |
| Tue, 04 Jul 2023 | RM 17.6b | RM 2.2b | RM 1.1b | 17.8x | 15.7x | 8.1x |
15.7x
Which industries have driven the changes within the Malaysian Real Estate industry?
| MY Market | -2.28% | |
| Real Estate | -2.27% | |
| REITS | -4.60% | |
| Hotel and Resort REITs | 1.98% | |
| Healthcare REITs | 0.85% | |
| Industrial REITs | 0.23% | |
| Office REITs | -0.053% | |
| Retail REITs | -0.23% | |
| Diversified REITs | -4.60% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AXREIT Axis Real Estate Investment Trust | RM 2.02 | 0.5% +RM 20.2m | 3.6% | PB1.2x | |
| ALSREIT Al-Salam Real Estate Investment Trust | RM 0.55 | 5.8% +RM 17.4m | 41.0% | PB0.5x |