Last week, I updated an article on the top 10 Singapore REITs that would have made you money if you had invested since their IPOs. Out of the 25 S-REITs that have been listed for at least 10 years, 18 have delivered a positive overall return for investors. In this article, we measure the performance of REITs listed in Malaysia. Following the onset of the COVID-19 pandemic in 2020, Malaysian REITs, which are largely concentrated in the retail and office segments, experienced significant headwinds due to suppressed consumer spending. However, in 2024, REIT prices staged a strong recovery across the board. This momentum accelerated in 2025, with the overall index now trading above pre-pandemic levels. A primary catalyst has been the surge in tourism. As international and domestic visitor numbers surpassed their 2019 peaks, footfall and tenant sales at flagship malls increased sharply. This “reopening tailwind” allowed landlords to secure…
