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IGB Real Estate Investment Trust
KLSE:IGBREIT

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IGB Real Estate Investment Trust
KLSE:IGBREIT
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Price: 2.86 MYR 0.35%
Market Cap: 12.4B MYR

P/B

2
Current
8%
More Expensive
vs 3-y average of 1.8

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
MYR12.1B
/
Total Equity
6.3B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
MYR12.1B
/
Total Equity
6.3B

Valuation Scenarios

IGB Real Estate Investment Trust is trading above its 3-year average

If P/B returns to its 3-Year Average (1.8), the stock would be worth MYR2.64 (8% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-48%
Maximum Upside
No Upside Scenarios
Average Downside
28%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2 MYR2.86
0%
3-Year Average 1.8 MYR2.64
-8%
5-Year Average 1.5 MYR2.24
-22%
Industry Average 1 MYR1.49
-48%
Country Average 1.3 MYR1.91
-33%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
MY
I
IGB Real Estate Investment Trust
KLSE:IGBREIT
Average P/E: 8 536.6
18.7
-1%
N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.5
1%
10.5
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 458.7
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Coupang Inc
F:788
174.4
96%
1.8
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 291.8 N/A N/A
US
Q
Qnity Electronics Inc
NYSE:Q
Not Available
15%
N/A

Market Distribution

In line with most companies in Malaysia
Percentile
64rd
Based on 453 companies
64rd percentile
2
Low
0 — 0.8
Typical Range
0.8 — 2.5
High
2.5 —
Distribution Statistics
Malaysia
Min 0
30th Percentile 0.8
Median 1.3
70th Percentile 2.5
Max 2 591.7

IGB Real Estate Investment Trust
Glance View

Market Cap
12.4B MYR
Industry
N/A

IGB Real Estate Investment Trust, a prominent player in the Malaysian real estate landscape, has built its reputation on a solid foundation of strategic property investments and successful management. Established as a vehicle to invest in retail properties, the trust primarily focuses on acquiring and managing high-quality shopping malls situated in prime urban locations. At the heart of its operations are its two flagship assets, Mid Valley Megamall and The Gardens Mall, both of which are integral to the bustling commercial life of Kuala Lumpur. These malls not only attract a substantial flow of local and international shoppers but also boast a diverse mix of tenants that range from luxury brands to dynamic food and beverage outlets. This diversified tenant mix helps to mitigate risk while maximizing the foot traffic and revenue generated from leasing agreements. The financial engine driving IGB Real Estate Investment Trust is its adept management of leasable retail space, with a keen focus on optimizing occupancy rates and rental yields. By engaging in proactive asset enhancement initiatives, the trust ensures its properties remain competitive and appealing, which in turn sustains and enhances rental income over time. This careful balance between maintaining property appeal and managing operational efficiencies helps to deliver steady cash flow to its investors. Furthermore, IGB REIT thrives on its ability to foster and maintain robust relationships with tenants, alongside sustaining a superior shopping experience for consumers. This dual focus not only anchors its revenue streams but also exemplifies its strategic foresight in navigating the cyclical nature of real estate markets.

IGBREIT Intrinsic Value
1.69 MYR
Overvaluation 41%
Intrinsic Value
Price MYR2.86
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