AmanahRaya Real Estate Investment Trust (5127) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of AmanahRaya Real Estate Investment Trust MYR 0.22, price MYR 0.37, upside -40.5%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 0.2792 MYR – 0.5797 MYR · fair‑value band 0.1600 MYR – 0.2200 MYR · the 0.3700 MYR price screens above the 0.2200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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AmanahRaya Real Estate Investment Trust (AmanahRaya REIT or the Trust) is a Malaysia domiciled real estate investment trust. It is constituted between AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (the Manager) and CIMB Islamic Trustee Berhad.
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AmanahRaya Real Estate Investment Trust (AmanahRaya REIT or the Trust) is a Malaysia domiciled real estate investment trust. It is constituted between AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (the Manager) and CIMB Islamic Trustee Berhad. On 13 May 2019, the Manager, CIMB Islamic Trustee Berhad (Retiring Trustee) and Pacific Trustees Berhad (New Trustee or the Trustee) entered a supplementary deed to effect the change of trustee of AmanahRaya REIT from the Retiring Trustee to the New Trustee. The change of trustee took effect on 21 May 2019 upon the registration and lodgement of the Supplementary Deed with the Securities Commission on 24 May 2019. Subsequently, the Manager entered into an Amended and Restated Trust Deed dated 5 December 2019 (the Trust Deed) with the Trustee which has been registered and lodged with the Securities Commission on 10 January 2020 and 16 January 2020, respectively, in compliance with the amendments made to the Securities Commission's Guidelines on Listed Real Estate Investment Trusts. The Trust Deed is regulated by the Securities Commission's Guidelines on Listed Real Estate Investment Trusts, the Listing Requirements of Bursa Malaysia Securities Berhad, the Rules of the Depository and taxation laws and rulings. AmanahRaya REIT will continue its operations until such time as determined by the Trustee and the Manager as provided under the provision of Clause 26 of the Trust Deed dated 10 October 2006. AmanahRaya REIT is listed on the Main Market of Bursa Malaysia Securities Berhad. AmanahRaya Real Estate Investment Trust was incorporated in 2006 in Malaysia.
Stock analysis
AmanahRaya Real Estate Investment Trust (5127) currently trades at 0.3700 MYR, while our model-based Fair Value estimate is 0.2200 MYR, implying the stock looks roughly 68.2% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.8400 MYR per share, and 2 of the 6 models we run sit above the 0.3700 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.0800 MYR, and 4 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1600 MYR (bear) to 0.2200 MYR (bull), the price of 0.3700 MYR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
AmanahRaya Real Estate Investment Trust reported revenue of 85.1M MYR in FY2025 versus 86.6M MYR in FY2021, a compound −0.4%/yr. Reported net income was 7.3M MYR in FY2025, compounding −30.6%/yr from FY2021.
Key figures
Market cap 212M MYR (≈ $52.0M) · P/E ratio 18.5 · P/S ratio 1.59 · EPS (TTM) 0.0200 MYR · Dividend yield 4.3% · Net margin 8.6% · Return on equity 1.3% · Return on assets (EBIT) 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 1% fair-value upside, at −41%, 5127 screens richer than that median.
Fair Value models
Bear 0.1600 MYRFair Value 0.2200 MYRBull 0.2200 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0029 MYR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+9.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.6%
Start year 2020 (pandemic). Over 10 years: +2.7% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.2%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26% vs −16%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−8% → 8%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +14.4% a year for the price.
Compare AmanahRaya Real Estate Investment Trust with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 155 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−41% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets2% · Below median
Net margin (TTM)11% · Below median
Operating margin (TTM)55% · Above median
Growth and dividend
Revenue growth17% · Top 25%
Dividend yield (TTM)4.3% · Below median
Balance sheet
Debt / equity0.89× · Highest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (TTM)18.5× · Pricier than median
P/B0.07× · Cheapest 25%
P/S (TTM)0.63× · Cheapest 25%
P/FCF1.2× · Cheaper than median
EV/EBITDA15.3× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)86· sector 16
PAST (return on equity)5· sector 19
HEALTH (low debt)55· sector 76
DIVIDEND (yield)86· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AmanahRaya Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/5127
Frequently asked questions
Is AmanahRaya Real Estate Investment Trust (5127) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.2200 MYR versus a price of 0.3700 MYR, about −41% upside (overvalued).
What is the fair value of 5127?
Our model-based fair value for AmanahRaya Real Estate Investment Trust is 0.2200 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.3700 MYR.
What is the quality score of 5127?
AmanahRaya Real Estate Investment Trust has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AmanahRaya Real Estate Investment Trust (5127)?
Our model-based price target is the fair value of 0.2200 MYR (as of Sep 23, 2026) from 8 valuation models. Cautious scenario 0.1600 MYR, optimistic scenario 0.2200 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the AmanahRaya Real Estate Investment Trust stock forecast for 2026?
Our models put fair value at 0.2200 MYR, about −41% upside versus a price of 0.3700 MYR (overvalued). Cautious scenario 0.1600 MYR, optimistic scenario 0.2200 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of AmanahRaya Real Estate Investment Trust (5127)?
AmanahRaya Real Estate Investment Trust reported trailing-twelve-month revenue of about 83.1M MYR (latest available figure, as of Sep 23, 2026).
Does AmanahRaya Real Estate Investment Trust pay a dividend?
AmanahRaya Real Estate Investment Trust currently shows a dividend yield of about 4.32% relative to its recent price (as of Sep 23, 2026).
What growth is priced into AmanahRaya Real Estate Investment Trust (5127)?
For today's price to be fair in a discounted-cash-flow model, AmanahRaya Real Estate Investment Trust would have to grow free cash flow by +16.6 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 5127 use?
Our models discount AmanahRaya Real Estate Investment Trust at 12.6 %: a base by market capitalisation (micro), damped by beta 0.22, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AmanahRaya Real Estate Investment Trust that is +16.6 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has AmanahRaya Real Estate Investment Trust (5127) delivered so far?
Over the past 5 years revenue at AmanahRaya Real Estate Investment Trust grew -1.6 % a year. The price currently implies +16.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AmanahRaya Real Estate Investment Trust (5127) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into AmanahRaya Real Estate Investment Trust (+16.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AmanahRaya Real Estate Investment Trust (5127)?
The free-cash-flow yield on the price is 19.63 %: that much free cash flow AmanahRaya Real Estate Investment Trust produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AmanahRaya Real Estate Investment Trust (5127)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AmanahRaya Real Estate Investment Trust it is 0.2200 MYR per share (as of Sep 23, 2026), against a price of 0.3700 MYR. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is AmanahRaya Real Estate Investment Trust stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 5127 trades above its calculated fair value: price 0.3700 MYR, fair value 0.2200 MYR, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5127?
No. The price is what the market pays today (0.3700 MYR); the fair value is what the company's own numbers justify (0.2200 MYR). For AmanahRaya Real Estate Investment Trust the two are 0.1500 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is AmanahRaya Real Estate Investment Trust worth?
The market values AmanahRaya Real Estate Investment Trust at about 212M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.3700 MYR; our models calculate a fair value of 0.2200 MYR per share.
What do the bullish and bearish scenarios say about 5127?
Our models span a range for AmanahRaya Real Estate Investment Trust: cautious scenario 0.1600 MYR, base 0.2200 MYR, optimistic 0.2200 MYR per share (as of Sep 23, 2026, price 0.3700 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5127?
AmanahRaya Real Estate Investment Trust trades at a price-to-earnings ratio of 18.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2200 MYR is built from several models across several years. Other multiples: P/B 0.1, P/S 0.6, EV/EBITDA 15.3.
How solid is the balance sheet of AmanahRaya Real Estate Investment Trust (5127)?
Balance-sheet figures for AmanahRaya Real Estate Investment Trust (as of Sep 23, 2026): return on equity 1.3%, debt of 0.89 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 5127 from its 52-week high?
AmanahRaya Real Estate Investment Trust trades at 0.3700 MYR, about 15% below its 52-week high of 0.4350 MYR and 19% above the low of 0.3100 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2200 MYR is for.
Which stocks are comparable to AmanahRaya Real Estate Investment Trust?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Charter Hall Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AmanahRaya Real Estate Investment Trust stock attractive at the current price?
The data as of Sep 23, 2026: price 0.3700 MYR, calculated fair value 0.2200 MYR (−41%), Quality Score 60/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5127 calculated?
We run AmanahRaya Real Estate Investment Trust through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.2200 MYR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. AmanahRaya Real Estate Investment Trust itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AmanahRaya Real Estate Investment Trust (5127)?
The closing price on Sep 24, 2026 was 0.3700 MYR. Our model-based fair value is 0.2200 MYR, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AmanahRaya Real Estate Investment Trust right now?
The price sits above even our optimistic bull case (0.2200 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of AmanahRaya Real Estate Investment Trust
How large is the market capitalisation of AmanahRaya Real Estate Investment Trust (5127)?
The market capitalisation of AmanahRaya Real Estate Investment Trust is 212M MYR (≈ $52.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AmanahRaya Real Estate Investment Trust (5127)?
The price-to-sales ratio of AmanahRaya Real Estate Investment Trust is 1.59 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AmanahRaya Real Estate Investment Trust (5127)?
Earnings per share at AmanahRaya Real Estate Investment Trust are 0.0200 MYR (price ÷ EPS = P/E 18.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AmanahRaya Real Estate Investment Trust (5127)?
The dividend yield of AmanahRaya Real Estate Investment Trust is 4.3% (payout 80.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AmanahRaya Real Estate Investment Trust (5127)?
The net margin of AmanahRaya Real Estate Investment Trust is 8.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AmanahRaya Real Estate Investment Trust (5127)?
The return on equity (ROE) of AmanahRaya Real Estate Investment Trust is 1.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AmanahRaya Real Estate Investment Trust (5127)?
On an EBIT basis the return on assets of AmanahRaya Real Estate Investment Trust is 0.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AmanahRaya Real Estate Investment Trust (5127)?
The operating margin of AmanahRaya Real Estate Investment Trust is 54.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AmanahRaya Real Estate Investment Trust (5127)?
Revenue at AmanahRaya Real Estate Investment Trust is growing +17.2% versus a year earlier (3y avg +3.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AmanahRaya Real Estate Investment Trust (5127)?
Earnings per share at AmanahRaya Real Estate Investment Trust are growing +61.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AmanahRaya Real Estate Investment Trust (5127) carry?
The net debt of AmanahRaya Real Estate Investment Trust is 582M MYR (fiscal year 2025, ≈ 14.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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