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IGB Commercial Real Estate Investment Trust KLSE:IGBCR Stock Report

Last Price

RM 0.53

Market Cap

RM 1.3b

7D

0%

1Y

8.2%

Updated

23 Mar, 2025

Data

Company Financials +

IGB Commercial Real Estate Investment Trust

KLSE:IGBCR Stock Report

Market Cap: RM 1.3b

IGBCR Stock Overview

IGB Commercial REIT (IGBCR) was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa) on 20 September 2021. More details

IGBCR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance1/6
Financial Health1/6
Dividends4/6

Rewards

Trading at 44.3% below our estimate of its fair value

Earnings are forecast to grow 14.08% per year

Revenue grew by 7.4% over the past year

Risk Analysis

Unstable dividend track record


Community vs My Fair Value

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IGB Commercial Real Estate Investment Trust Competitors

Axis Real Estate Investment Trust

KLSE:AXREIT

RM 3.6b

Al-Salam Real Estate Investment Trust

KLSE:ALSREIT

RM 211.7m

AmanahRaya Real Estate Investment Trust

KLSE:ARREIT

RM 229.3m

KLCC Property Holdings Berhad

KLSE:KLCC

RM 14.9b

Price History & Performance

Summary of share price highs, lows and changes for IGB Commercial Real Estate Investment Trust
Historical stock prices
Current Share PriceRM 0.53
52 Week HighRM 0.58
52 Week LowRM 0.47
Beta0.14
1 Month Change-1.85%
3 Month Change-2.75%
1 Year Change8.16%
3 Year Change-10.17%
5 Year Changen/a
Change since IPO-24.29%

Recent News & Updates

Recent updates

Shareholder Returns

IGBCRMY REITsMY Market
7D0%-2.1%0.2%
1Y8.2%8.1%-4.1%

Return vs Industry: IGBCR matched the MY REITs industry which returned 8.1% over the past year.

Return vs Market: IGBCR exceeded the MY Market which returned -4.1% over the past year.

Price Volatility

Is IGBCR's price volatile compared to industry and market?
IGBCR volatility
IGBCR Average Weekly Movement2.2%
REITs Industry Average Movement2.2%
Market Average Movement5.4%
10% most volatile stocks in MY Market10.6%
10% least volatile stocks in MY Market2.7%

Stable Share Price: IGBCR has not had significant price volatility in the past 3 months compared to the MY market.

Volatility Over Time: IGBCR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021237n/awww.igbcomreit.com

IGB Commercial REIT (IGBCR) was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa) on 20 September 2021. It was established with the principal investment policy of investing, directly and indirectly, in a portfolio of income-producing real estate used primarily for commercial purposes. IGBCR’s portfolio comprises 10 commercial buildings strategically located in the Klang Valley. 7 properties in the prime location of Mid Valley City consisting of Centrepoint North and South, The Gardens North and South Towers, Southpoint Offices & Retail, Menara IGB & IGB Annexe, and Boulevard Offices & Retail. 3 properties in Kuala Lumpur Golden Triangle consisting of GTower, Menara Tan & Tan, and Hampshire Place Office.

IGB Commercial Real Estate Investment Trust Fundamentals Summary

How do IGB Commercial Real Estate Investment Trust's earnings and revenue compare to its market cap?
IGBCR fundamental statistics
Market capRM 1.28b
Earnings (TTM)RM 62.69m
Revenue (TTM)RM 230.99m

20.3x

P/E Ratio

5.5x

P/S Ratio

Is IGBCR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IGBCR income statement (TTM)
RevenueRM 230.99m
Cost of RevenueRM 86.17m
Gross ProfitRM 144.81m
Other ExpensesRM 82.12m
EarningsRM 62.69m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.026
Gross Margin62.69%
Net Profit Margin27.14%
Debt/Equity Ratio37.2%

How did IGBCR perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

80%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/23 05:25
End of Day Share Price 2025/03/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IGB Commercial Real Estate Investment Trust is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Je TanHong Leong Investment Bank Berhad