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IGB Real Estate Investment Trust

IGB Real Estate Investment Trust

MMYX:IGBREIT
2.81
MYR
+0.07
(+2.55%)
15.44P/E
Oct 28Next Earn
IGB Real Estate Investment Trust
MYX:IGBREIT
(Bursa Malaysia)

Recent

price

2.81

P/E

ratio

15.44

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
0.03
0.13
0.13
0.14
0.15
0.15
0.15
0.16
0.13
0.11
0.16
0.17
0.17
0.19
0.18
Revenue per Share
0.05
0.09
0.09
0.07
0.08
0.1
0.09
0.09
0.07
0.06
0.11
0.14
0.16
0.18
0.16
Basic EPS, GAAP
0.04
0.09
0.09
0.1
0.1
0.11
0.11
0.11
0.08
0.07
0.12
0.12
0.13
0.14
0.13
Free Cash Flow per Basic Share
- -
0.05
0.07
0.08
0.08
0.09
0.12
0.09
0.07
0.06
0.1
0.1
0.11
0.11
0.11
Dividend per Share
1.02
1.05
1.06
1.06
1.05
1.06
1.06
1.07
1.07
1.07
1.08
1.12
1.18
1.45
1.17
Book Value per Share
1.02
1.05
1.06
1.06
1.05
1.06
1.06
1.07
1.07
1.07
1.08
1.12
1.18
1.45
1.17
Tangible Book Value per Share
3,400
3,412
3,436
3,460
3,484
3,504
3,525
3,543
3,555
3,567
3,580
3,595
3,609
3,700
3,634
Basic Weighted Avg Shares
115
431
462
489
507
525
536
552
465
400
556
604
626
705
645
Sales/Revenue/Turnover
59.15
59.46
60.84
63.27
64.42
64.53
65.35
65.53
61
61.21
68.64
67.46
66.13
68.9
66.97
Operating Margin (%)
1
4
4
4
4
3
3
3
2
1
1
1
1
1
- -
Depreciation Expense
153
312
318
254
278
343
334
316
237
200
396
518
580
660
598
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
132.97
72.42
68.78
51.92
54.76
65.41
62.3
57.21
50.9
50.1
71.2
85.66
92.6
93.68
92.65
Profit Margin (%)
11
12
12
23
45
-18
-2
18
37
-1,158
48
48
17
126
9
Working Capital
1,193
1,195
1,196
1,196
1,209
1,199
1,199
1,199
1,200
- -
1,199
1,199
1,200
2,229
1,200
LT Debt
3,484
3,584
3,663
3,666
3,672
3,723
3,767
3,784
3,801
3,805
3,871
4,037
4,255
6,268
4,251
Total Equity
- -
5.39
5.8
6.33
6.66
6.88
7.06
7.25
5.67
4.87
7.56
7.89
7.72
6.94
8.07
Return on Invested Capital (%)
- -
7.68
7.65
6.47
6.82
7.81
7.8
7.39
5.79
5.05
8.9
11.06
11.83
10.28
12.17
Return on Capital (%)
- -
8.83
8.76
6.93
7.57
9.29
8.91
8.37
6.24
5.26
10.32
13.09
13.98
12.55
14.43
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
15
2
15
LT Borrowings
1,200
1,200
1,200
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,615
3,618
3,622
Market Capitalization
7,737
8,141
9,199

Working Capital

MYR

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
303
296
314
Cash, Cash Equivalents & STI
258
249
270
Accounts Receivable, Net
4
47
44
Inventories
- -
- -
- -
Total Current Liabilities
286
283
305
Payables & Accruals
- -
- -
- -
ST Debt
15
2
15
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.25%
11.77%
47.3%
Free Cash Flow
6.41%
15.9%
17.41%
Net Income, GAAP
13.88%
27.81%
13.92%
Sales/Revenue/Turnover
4.65%
10%
12.61%
Total Cash Common Dividend
6.2%
13.35%
3.82%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
163
150
155
158
626
2025
171
160
- -
208
705
2026
261
241
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.02
0.02
0.09
0.16
2025
0.03
0.03
- -
0.1
0.18
2026
0.04
0.03
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
0.03
0.11
2025
0.02
0.03
- -
0.03
0.11
2026
0.03
0.04
- -
- -
- -
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Business
IGB Real Estate Investment Trust (IGB REIT) is a Malaysia-domiciled real estate investment trust that owns and invests in a portfolio of quality, income-producing real estate used primarily for retail purposes; its core assets include Mid Valley Megamall (MVM), with approximately 1.85 million square feet of net lettable area and over 600 tenants, and The Gardens Mall (TGM), with about 839,000 square feet of net lettable area and around 200 tenants, both located in Mid Valley City, Kuala Lumpur, offering a combined total of more than 10,000 car park bays and generating revenue mainly from leasing, service charges, and promotional fees from tenants targeting consumer and retail markets. Established on July 25, 2012, and listed on the Main Market of Bursa Malaysia Securities Berhad on September 21, 2012, IGB REIT is headquartered at Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia, and operates primarily in the Klang Valley region with recent expansion into Johor Bahru; it is externally managed by IGB REIT Management Sdn Bhd and sponsored by IGB Berhad, its major unitholder. In a significant recent development, IGB REIT completed the RM2.65 billion acquisition of The Mall, Mid Valley Southkey (MVS Mall) in Johor Bahru from IGB Berhad in November 2025, boosting its total assets to RM8.09 billion and enhancing its retail portfolio with Johor's largest mall; earlier in 2025, it established a RM5 billion medium-term note programme in September to support financing needs, reported higher quarterly net profits driven by increased rental income, including RM95.62 million in the third quarter with a 2.77 sen distribution per unit, and underwent a management transition with Chai Lai Sim appointed as CEO of IGB's REITs in April following Elizabeth Tan's departure in March.