BlogMalaysia REITsREIT AnalysisREIT Guide

Getting to know all the REITs in Malaysia (Malaysia REITs)

Malaysia REITs are publicly-traded companies listed in Malaysia which invest in real estate assets. They have a fairly simple model whereby they pool capital from investors and invest it in real estate properties. The invested properties will then be leased out to tenants in return for rents.

Being an investor of REITs, you are essentially a co-owner of the properties and as such, you will be entitled to earn the rental income collected in the form of dividends. If you are new to REITs and would like to learn more about them, do check out these posts:

Read More:

There are REITs listed in a various geographical region from the United States, Hong Kong, Singapore and etc. In Malaysia itself, there are 18 REITs which are listed in the Bursa Malaysia exchange. Each of these REITs is different from one another. In this post today, we will be introducing all these 18 Malaysia REITs to you. Hopefully, it will help you in your investing journey.

Note: For the purpose of consistency of information, do note that the financials stated here are based on its available audited annual report. They are not the latest available data.

List of Malaysia REITs

Al-Aqar REIT

Al-Aqar REIT (KLSE: 5116) is a healthcare REIT which was listed in the Bursa Malaysia stock exchange in 2007. They are the only healthcare REIT to be listed in the Bursa Malaysia Exchange to date. Their assets are primarily located across Malaysia with a property in Australia. Some of their assets include hospitals, retirement home, as well as medical/nursing colleges.

Industry: Healthcare REIT
Year-End: 31-December
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY18  FY19 
Revenue         103,839           99,648         102,649           106,110
Net Property Income       97,595       93,207       96,609       100,326

Distribution per unit:

 Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            7.7             7.7            7.7               7.8

Here are some key things you need to know of their performance:

Al-Salam REIT

Al-Salam REIT (KLSE: 5269) is a diversified REIT listed in the Bursa Malaysia market in September 2015. Their operations include retail, office, education and F&B sector which consists of both restaurant and non-restaurant outlets. 

Industry: Diversified REIT
Year-End: 31-December
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY18  FY19 
 Revenue           76,135           80,033           82,151             94,912
Net Property Income       56,913       56,887       58,245         69,121

Distribution per unit:

 Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            6.0             6.0             5.4               4.8

Here are some key things you need to know of their performance:

Amanah Harta Tanah PNB

Amanah Harta Tanah PNB (KLSE: 5127) is a REIT which invest in office and retails assets. There were listed in the Bursa Malaysia market on 28 December 1990. They have announced their intention to delist the REITs and with effect from 14 January 2021, their shares will be suspended from trading for the implementation of the selective unit redemption exercise. Nevertheless, here are the details in regards to Amanah Harta Tanah PNB.

Industry: Office and Retail REIT
Year-End: 31-December
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY18  FY19 
Revenue           23,364           39,545           39,221             38,576
Net Property Income       17,226       33,033       31,497         32,078

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            4.5             5.2             5.6               5.8

Here are some key things you need to know of their performance (not so relevant given the delisting):

AmanahRaya REIT

AmanahRaya REIT (KLSE: 5127) is a diversified REIT listed in the Bursa Malaysia market on February 2007. They have properties in the retail, office, healthcare, hospitality and industrial sector. Here are some details of the REIT.

Industry: Diversified REIT
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY16  FY17  FY18  FY19 
 Revenue           57,633           61,036           97,244             96,876
Net Property Income       53,549       53,799       79,570         80,666

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            5.9             5.5             6.1               6.2

Here are some key things you need to know of their performance:

AmFirst REIT

AmFirst REIT ( KLSE: 5120) is a Malaysia based REIT listed in December 2006. They primary invest in office properties with some diversification to the retail side.

Industry: Office and retail
Year-End: 31-March
Historical Financial Performance (Audited):

 MYR in 000s  FY17  FY18  FY19  FY20 
 Revenue         111,539         114,099         121,229           120,682
Net Property Income       72,802       76,040       79,942         76,565

Distribution per unit:

Cents  FY17  FY18  FY19  FY20 
Distribution per Unit            4.1             4.2             4.0               3.4

Here are some key things you need to know of their performance:

Atrium REIT

Atrium REIT (KLSE: 5130) is an industrial-focused REIT which was listed on Bursa Malaysia exchange in 2007. They primarily invest in industrial properties with assets across multiple states in Malaysia.

Industry: Industrial
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY16  FY17  FY18  FY19 
Revenue           14,522           17,304           18,779             22,961
Net Property Income       12,337       15,296       17,257         21,413

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            5.9             7.4             8.0               6.6

Here are some key things you need to know of their performance:

Axis REIT

Axis REIT is REITs in Malaysia which invests heavily in industrial and business space assets. Apart from business space and industrial properties, Axis REIT also invests in office and retail properties.

Industry: Diversified (Concentrated on industrial space)
Year-End: 31-December
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY18  FY19 
 Revenue         171,340         172,715         210,588           222,464
Net Property Income     144,292     146,203     182,761       191,708

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            8.3             8.3             8.7               9.3

Here are some key things you need to know of their performance:

CMMT REIT

CMMT REIT or also known as CapitaLand Malaysia Mall Trust is a retail REIT based in Malaysia. They have retail properties presence in Klang Valley, Kuantan and Penang.

Industry: Retail
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY16  FY17  FY18  FY19 
Revenue         372,617         368,934         350,146           342,276
Net Property Income     242,492     237,146     214,969       202,120

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            8.4             8.2             7.9               6.3

Here are some key things you need to know of their performance:

Hektar REIT

Hektar Real Estate Investment Trust or also known as Hektar REIT is a retail-focused REIT. Their properties are located across Malaysia in the region of Kedah, Selangor, Malacca and Johor.

Industry: Retail
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY16  FY17  FY18  FY19 
Revenue         124,571         125,543         135,107           137,089
Net Property Income       74,335       73,738       78,716         75,436

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit          10.5             9.6             9.0               7.8

Here are some key things you need to know of their performance:

IGB REIT

IGB REIT (KLSE: 5227) is a retail REIT which was listed in the Bursa Malaysia stock exchange in 2012. They owns two main retail malls in Malaysia, Mid Valley Megamall and The Gardens Mall. If you have stayed in Kuala Lumpur, you would have most likely visited these malls.

Industry: Retail
Year-End: 31-December
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY18  FY19 
 Revenue         507,344         524,918         535,689           552,132
Net Property Income     361,109     373,563     386,250       398,786

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            8.6             9.1             9.2               9.2

Here are some key things you need to know of their performance:

KIP REIT

KIP REIT (KLSE: 5280) is a retail REIT which was recently listed in the Bursa Malaysia market in February 2017. Their assets are mainly located in Johor, Negeri Sembilan, Melaka and Selangor.

Industry: Retail
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY17  FY18  FY19  FY20 
Revenue           26,350           62,773           63,065             74,540
Net Property Income       17,525       41,918       41,953         56,018

Distribution per unit:

Cents  FY17  FY18  FY19  FY20 
Distribution per Unit            2.9             6.8             6.0               6.2

Here are some key things you need to know of their performance:

KLCC Property Holdings

KLCC Property Holdings is the largest REIT in Malaysia and the country’s only Stapled Security. Comprising KLCC Property Holdings Berhad and KLCC REIT, their assets are primarily in the office, retail and hotel sector.

Industry: Office, hotel and retail
Year-End: 31-December
Historical Financial Performance (Audited):

 MYR in 000s FY16FY17FY18FY19
 Revenue      1,343,546      1,366,751      1,405,941        1,423,021
Net Property Income     999,342     999,749  1,010,891    1,020,020

Distribution per unit:

Cents FY16FY17FY18FY19
Distribution per Unit          22.8           20.7           23.4             25.0

MQ REIT

MQ REIT is a REIT that invests primarily in commercial, office, car park and retail properties.  They were listed in the Bursa Malaysia exchange on January 2007.  Here are some key details about them:

Industry: Office and Retail
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY16  FY17  FY18  FY19 
 Revenue         136,648         181,502         172,527           160,992
Net Property Income     107,155     141,341     132,802       121,748

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            8.4             8.4             8.1               6.8

Here are some key things you need to know of their performance:

Pavilion REIT

Pavilion REIT (KLSE: 5212) is one of the largest retail-focused REIT in Malaysia. They were listed in Bursa Malaysia in December 2011. Their properties consist of both retail and office-related assets.

Industry: Retail and Office
Year-End: 31-December
Historical Financial Performance (Audited):

MYR in 000s  FY16  FY17  FY18  FY19 
Revenue         459,701         490,001         554,977           585,353
Net Property Income     314,774     322,913     374,787       375,184

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit            8.2             8.2             8.8               8.5

Here are some key things you need to know of their performance:

Sunway REIT

Sunway REIT (KLSE: 5176) is one of the largest diversified real estate investment trusts in Malaysia being listed in the Bursa Malaysia Market on July 2010. They have properties in various sector such as industrial, education, hospitality, healthcare, office and retail.

Industry: Diversified
Year-End: 30-June
Historical Financial Performance (Audited):

MYR in 000s  FY17  FY18  FY19  FY20 
 Revenue         522,868         560,406         580,299           556,875
Net Property Income     388,817     419,930     439,695       416,809

Distribution per unit:

 Cents  FY17  FY18  FY19  FY20 
Distribution per Unit            9.2             9.6             9.6               7.3

Here are some key things you need to know of their performance:

Tower REIT

Tower REIT (KLSE: 5111) is a REIT which invest mainly in commercial real estate. They were listed on the Bursa Malaysia market in April 2006. For investors who are new to Tower REIT, it is important to know that there was a change in Tower REIT financial year from 31 December 2018 to 30 June 2019. Hence, the comparative information in FY19 would reflect 18 months of performance as compared to 12 months of data in both FY17 and FY20.

Industry: Office
Year-End: 30-June
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY19  FY20 
 Revenue           35,591           32,644           44,054             21,604
Net Property Income       23,091       20,433       26,633         10,046

Distribution per unit:

 Cents  FY16  FY17  FY19  FY20 
Distribution per Unit            6.9             6.0             8.0               2.4

Here are some key things you need to know of their performance:

UOA REIT

UOA REIT (KLSE: 5110) is a REIT which was listed in Bursa Malaysia in December 2005. They invest primarily in estate-related assets predominantly in the office sector. Here are some facts about them.

Industry: Office
Year-End: 30-June
Historical Financial Performance (Audited):

 MYR in 000s  FY16  FY17  FY18  FY19 
Revenue           89,388           82,044           78,200             78,734
Net Property Income       66,504       59,530       57,257         57,928

Distribution per unit:

Cents  FY16  FY17  FY18  FY19 
Distribution per Unit          10.5             8.6             9.1               9.1

Here are some key things you need to know of their performance:

YTL Hospitality REIT

YTL Hospitality REIT is a Malaysia based REIT which invest primarily in hotel properties. Their assets range from business to luxury hotels spreading across a range of unique locations worldwide. Some of the key brands you might be familiar are JW Marriott Hotel Kuala Lumpur, The Ritz-Carlton, and etc. Here are some facts about them.

Industry: Hospitality
Year-End: 30-June
Historical Financial Performance (Audited):

MYR in 000s FY17FY18FY19FY20
Revenue         332,736         500,953         490,905           426,446
Net Property Income     209,616     248,827     253,279       235,219

Distribution Per Unit

Cents FY17FY18FY19FY20
Distribution per Unit            8.1             7.9             7.9               6.7

Malaysia REITs Side by Side

For those who are interested, we have also put together a compilation of all the Malaysia REITs Revenue Net Property Income and its Distribution Per Unit as below. The key idea is that it would allow investors to evaluate and compare each of these REITs against one another.

Source: REIT Pulse M-REIT Data Pack
Source: Audited Net Property Income By FY
Source: Distribution Per Unit by FY

If you like the snapshot above, do consider supporting our M-REIT data pack where we had a great compilation of all the Malaysia REITs performance in which we update fairly regularly (as at when the quarterly/half yearly report is released.

We hope by the end of this post you would have learned a little bit more on some of the REITs in Malaysia. If you are new to REITs, feel free to check out our free REITs Guide.

Guide to REITs in Malaysia and Singapore

New to REITs? We got you covered with our comprehensive 30+ page guide to help you get started with REITs in Malaysia and Singapore.

You will learn:

  • What are REITs
  • Why invest in REITs
  • The type of REITs in Malaysia and Singapore
  • Understanding REIT structure
  • And Many More..

Do join our community over at Facebook and Instagram.

Chee Yang

Chee Yang is an investor and founder of REIT Pulse. Started out his career in both assurance and M&A, he is now in corporate and business development of a rising tech company. Being an active REIT investor, Chee Yang launch REIT Pulse to connect with seasoned investors and similarly help others learn more about REITs.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button