Established on 25 July 2012, IGB REIT is a Malaysia-domiciled real estate investment trust. Listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa) on 21 September 2012, it owns income producing real estate that is used for retail purposes in Malaysia and overseas. Comprising two malls – Mid Valley Megamall (MVM) and The Gardens Mall (TGM) – located in the Klang Valley, IGB REIT’s portfolio has a total net lettable area (NLA) of approximately 2.64 million square feet (sf), and as at 31 December 2024, had a market capitalisation of RM7.74 billion. Its investment properties are RM5.44 billion.
Metrics to compare | IGRE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipIGREPeersSector | |
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P/E Ratio | 16.9x | 14.0x | 9.1x | |
PEG Ratio | 1.19 | −0.84 | 0.01 | |
Price/Book | 2.4x | 0.7x | 0.9x | |
Price / LTM Sales | 15.6x | 5.0x | 3.9x | |
Upside (Analyst Target) | −3.6% | 8.0% | 12.6% | |
Fair Value Upside | Unlock | −4.1% | 0.4% | Unlock |