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Malaysian (KLSE) REITS Industry Analysis

UpdatedMay 30, 2024
DataAggregated Company Financials
Companies5
  • 7D1.0%
  • 3M1.7%
  • 1Y6.4%
  • YTD6.5%

In the last week, the REITS industry is flat overall, with Al-Salam Real Estate Investment Trust standing out by going down 3.5%. The past year has been better, since the industry has gained 4.6% in that time. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

Has the Malaysian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 May 2024RM18.7bRM2.3bRM1.3b14.8x14.9x8.1x
Sat, 27 Apr 2024RM18.9bRM2.3bRM1.3b14.9x15.1x8.2x
Mon, 25 Mar 2024RM18.3bRM2.3bRM1.2b14.5x14.7x8x
Wed, 21 Feb 2024RM18.5bRM2.3bRM1.3b14.7x14.5x8.2x
Fri, 19 Jan 2024RM17.8bRM2.2bRM1.1b18.4x15.9x7.9x
Sun, 17 Dec 2023RM18.0bRM2.2bRM1.1b18.1x16x8x
Tue, 14 Nov 2023RM17.5bRM2.2bRM1.1b18.3x15.6x7.9x
Thu, 12 Oct 2023RM17.1bRM2.2bRM1.1b18.8x15.3x7.7x
Sat, 09 Sep 2023RM17.0bRM2.2bRM1.1b18.7x15.3x7.7x
Mon, 07 Aug 2023RM17.2bRM2.2bRM1.1b18.8x15.5x7.9x
Wed, 05 Jul 2023RM17.3bRM2.2bRM1.1b17.7x15.5x8x
Fri, 02 Jun 2023RM17.6bRM2.2bRM1.1b17.7x15.7x8.2x
Sun, 30 Apr 2023RM17.8bRM2.1bRM1.1b18.3x16.1x8.5x
Tue, 28 Mar 2023RM17.3bRM2.1bRM1.1b17.3x15.5x8.2x
Thu, 23 Feb 2023RM41.2bRM5.3bRM2.6b17.7x15.8x7.8x
Sat, 21 Jan 2023RM40.8bRM5.2bRM2.2b18.5x18.7x7.9x
Mon, 19 Dec 2022RM38.3bRM5.1bRM2.1b17.8x18.1x7.4x
Wed, 16 Nov 2022RM38.3bRM5.1bRM2.0b18x18.7x7.6x
Fri, 14 Oct 2022RM37.8bRM4.7bRM1.9b19.6x20.4x8x
Sun, 11 Sep 2022RM38.9bRM4.7bRM1.9b20.2x21x8.3x
Tue, 09 Aug 2022RM40.0bRM4.6bRM1.8b20.5x22.3x8.7x
Thu, 07 Jul 2022RM39.0bRM4.5bRM1.7b18.7x23.6x8.7x
Sat, 04 Jun 2022RM40.2bRM4.5bRM1.7b18.8x24.3x9x
Mon, 02 May 2022RM39.0bRM4.4bRM1.6b18.5x24.7x8.9x
Wed, 30 Mar 2022RM37.5bRM4.3bRM1.5b17.2x25.3x8.6x
Fri, 25 Feb 2022RM37.1bRM4.3bRM1.4b19x26.8x8.6x
Sun, 23 Jan 2022RM37.5bRM4.2bRM1.1b23.4x35.3x8.9x
Tue, 21 Dec 2021RM37.9bRM4.2bRM1.0b24.5x36.8x9x
Thu, 18 Nov 2021RM38.9bRM4.2bRM1.0b24.6x37.8x9.3x
Sat, 16 Oct 2021RM39.6bRM4.3bRM1.1b22.9x35.4x9.2x
Mon, 13 Sep 2021RM37.5bRM4.3bRM1.1b22.2x33.6x8.7x
Wed, 11 Aug 2021RM37.4bRM4.3bRM1.1b22.3x33.5x8.7x
Sun, 06 Jun 2021RM37.0bRM4.2bRM774.9m27.1x47.7x8.8x
Price to Earnings Ratio

47.7x


Total Market Cap: RM37.0bTotal Earnings: RM774.9mTotal Revenue: RM4.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian REITS Industry Price to Earnings3Y Average 22.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Malaysian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.9x which is lower than its 3-year average PE of 22.5x.
  • The industry is trading close to its 3-year average PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 17% per year over the last three years.
  • Meanwhile revenues for these companies have declined 18% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Malaysian Real Estate industry?

MY Market-1.00%
Real Estate-1.19%
REITS0.98%
Diversified REITs0.98%
Office REITs0.44%
Industrial REITs0.24%
Residential REITs0%
Specialized REITs0%
Hotel and Resort REITs-0.82%
Retail REITs-1.04%
Healthcare REITs-1.55%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 22.2x.
    • Analysts are expecting annual earnings growth of 7.0%, which is higher than its past year's earnings growth of 2.4% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 28.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 7.0% over the next 5 years.
  • This is better than its past earnings growth rate of 2.4% per year.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KLCC KLCC Property Holdings BerhadRM7.631.2%
+RM162.5m		9.8%PB1x
AXREIT Axis Real Estate Investment TrustRM1.870.5%
+RM17.5m		1.1%PB1.2x
IGBCR IGB Commercial Real Estate Investment TrustRM0.491.0%
+RM11.9m		-1.0%PB0.5x
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Latest News

ALSREIT

RM0.41

Al-Salam Real Estate Investment Trust

7D

-3.5%

1Y

-13.7%

KLCC

RM7.63

KLCC Property Holdings Berhad

7D

1.2%

1Y

9.8%

IGBCR

RM0.49

IGB Commercial Real Estate Investment Trust

7D

1.0%

1Y

-1.0%

AXREIT

RM1.87

Axis Real Estate Investment Trust

7D

0.5%

1Y

1.1%

ARREIT

RM0.36

AmanahRaya Real Estate Investment Trust

7D

-1.4%

1Y

-30.8%