New Narrative • May 27

In the last week, Retail REITs has been flat. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to decline by 2.3% per year.
Has the Malaysian Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Jul 2026 | RM 30.5b | RM 3.7b | RM 2.2b | 13.9x | 13.8x | 8.4x |
| Tue, 02 Jun 2026 | RM 31.8b | RM 3.7b | RM 2.2b | 14.9x | 14.4x | 8.7x |
| Thu, 30 Apr 2026 | RM 32.4b | RM 3.5b | RM 2.1b | 15.1x | 15.2x | 9.1x |
| Sat, 28 Mar 2026 | RM 31.2b | RM 3.5b | RM 2.1b | 14.6x | 14.7x | 8.8x |
| Mon, 23 Feb 2026 | RM 34.7b | RM 3.5b | RM 2.1b | 16.6x | 16.3x | 9.8x |
| Wed, 21 Jan 2026 | RM 33.9b | RM 3.4b | RM 2.0b | 15.9x | 16.6x | 9.9x |
| Fri, 19 Dec 2025 | RM 31.0b | RM 3.4b | RM 2.0b | 15.2x | 15.2x | 9x |
| Sun, 16 Nov 2025 | RM 29.4b | RM 3.4b | RM 2.0b | 15.4x | 14.4x | 8.6x |
| Tue, 14 Oct 2025 | RM 29.8b | RM 3.3b | RM 2.0b | 15.8x | 15.2x | 9x |
| Thu, 11 Sep 2025 | RM 28.5b | RM 3.3b | RM 2.0b | 15.9x | 14.5x | 8.6x |
| Sat, 09 Aug 2025 | RM 28.8b | RM 3.3b | RM 2.0b | 14.3x | 14.5x | 8.8x |
| Mon, 07 Jul 2025 | RM 26.5b | RM 3.0b | RM 1.8b | 13.6x | 14.7x | 8.8x |
| Wed, 04 Jun 2025 | RM 23.6b | RM 3.0b | RM 1.8b | 12.9x | 13.1x | 7.8x |
| Fri, 02 May 2025 | RM 23.0b | RM 3.0b | RM 1.8b | 12.8x | 13x | 7.8x |
| Sun, 30 Mar 2025 | RM 22.6b | RM 2.9b | RM 1.8b | 13.5x | 12.8x | 7.7x |
| Tue, 25 Feb 2025 | RM 23.3b | RM 2.9b | RM 1.8b | 13.1x | 13x | 7.9x |
| Thu, 23 Jan 2025 | RM 23.0b | RM 2.9b | RM 1.5b | 13.4x | 15.5x | 8x |
| Sat, 21 Dec 2024 | RM 22.4b | RM 2.9b | RM 1.5b | 11.7x | 15.1x | 7.8x |
| Mon, 18 Nov 2024 | RM 22.1b | RM 2.9b | RM 1.5b | 12x | 15x | 7.7x |
| Wed, 16 Oct 2024 | RM 22.5b | RM 2.8b | RM 1.6b | 12.3x | 13.7x | 7.9x |
| Fri, 13 Sep 2024 | RM 20.8b | RM 2.8b | RM 1.6b | 11.7x | 12.7x | 7.3x |
| Sun, 11 Aug 2024 | RM 20.4b | RM 2.8b | RM 1.6b | 11.5x | 13.1x | 7.3x |
| Tue, 09 Jul 2024 | RM 20.2b | RM 2.7b | RM 1.6b | 10.8x | 12.8x | 7.3x |
| Thu, 06 Jun 2024 | RM 20.0b | RM 2.7b | RM 1.6b | 10.9x | 12.7x | 7.3x |
| Sat, 04 May 2024 | RM 19.7b | RM 2.7b | RM 1.6b | 10.5x | 12.5x | 7.2x |
| Mon, 01 Apr 2024 | RM 18.9b | RM 2.6b | RM 1.5b | 10.9x | 12.3x | 7.2x |
| Wed, 28 Feb 2024 | RM 19.1b | RM 2.6b | RM 1.5b | 10.9x | 12.4x | 7.2x |
| Fri, 26 Jan 2024 | RM 18.5b | RM 2.6b | RM 1.5b | 10.6x | 12.5x | 7.2x |
| Sun, 24 Dec 2023 | RM 18.3b | RM 2.5b | RM 1.5b | 10.7x | 12.5x | 7.2x |
| Tue, 21 Nov 2023 | RM 18.4b | RM 2.5b | RM 1.5b | 10.8x | 12.5x | 7.2x |
| Thu, 19 Oct 2023 | RM 18.1b | RM 2.4b | RM 1.5b | 10.8x | 12.4x | 7.4x |
| Sat, 16 Sep 2023 | RM 17.8b | RM 2.4b | RM 1.3b | 12.7x | 13.8x | 7.4x |
| Mon, 14 Aug 2023 | RM 17.8b | RM 2.4b | RM 1.3b | 12.7x | 13.8x | 7.4x |
| Wed, 12 Jul 2023 | RM 18.0b | RM 2.3b | RM 1.3b | 12.9x | 13.9x | 7.7x |
13.9x
Which industries have driven the changes within the Malaysian Real Estate industry?
| MY Market | 0.91% | |
| Real Estate | -0.36% | |
| Retail REITs | -0.76% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PAVREIT Pavilion Real Estate Investment Trust | RM 1.71 | 0.6% +RM 39.3m | 3.6% | PB1.2x | |
| CLMT CapitaLand Malaysia Trust | RM 0.61 | 0.8% +RM 16.8m | -6.9% | PB0.6x | |
| HEKTAR Hektar Real Estate Investment Trust | RM 0.41 | 2.5% +RM 7.1m | -4.6% | PB0.4x | |
| KIPREIT KIP Real Estate Investment Trust | RM 0.84 | 0.6% +RM 4.8m | 0% | PB0.8x |