IGB REIT

What IGB REIT does

IGB REIT is a Malaysia-domiciled real estate investment trust that owns and manages a concentrated portfolio of three income-producing retail mall assets: Mid Valley Megamall and The Gardens Mall, both located in Mid Valley City, Kuala Lumpur, and The Mall, Mid Valley Southkey in Johor Bahru. The trust was established on 25 July 2012 and listed on the Main Market of Bursa Malaysia Securities Berhad on 21 September 2012, with its investment objective of providing unitholders with regular and stable distributions, sustainable long-term unit price appreciation, and growth in distributable income and capital while maintaining an appropriate capital structure.

The trust generates revenue through rental income from its retail property portfolio, which is distributed to unitholders on a recurring basis consistent with its REIT mandate. As at 31 December 2025, the trust reported a market capitalization of RM11.80 billion and total property value of RM8.38 billion. It is managed by IGB REIT Management Sdn Bhd (Registration No. 201201006785 / 908168-A), whose registered office is located at Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur.

The trust serves two principal stakeholder groups: retail tenants leasing space within its three shopping malls, and public unitholders who hold units traded on Bursa Malaysia. Investor communications are conducted primarily through regulatory disclosures, annual reports, corporate-website materials, and a dedicated corporate enquiry channel at [email protected]. The trust does not operate proprietary technology platforms, and its go-to-market posture is defined entirely by its listed-securities status rather than active sales or marketing motions.

Name

IGB REIT

Legal name

IGB Real Estate Investment Trust

Website

https://igbreit.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

IGB REIT is a Malaysia-domiciled, Bursa Malaysia-listed real estate investment trust that owns three flagship retail malls (Mid Valley Megamall, The Gardens Mall, and The Mall Mid Valley Southkey) and distributes rental income to public unitholders.

Ownership category

akta.pro rank

Product category

Retail REIT (Real Estate Investment Trust)

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

Keywords

• Retail REIT
• Shopping mall properties
• Real estate investment trust
• Commercial property leasing
• Income distributions

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel

Revenue model

1. Rental Income from Retail Properties: IGB REIT generates revenue through rental income from its portfolio of retail properties including Mid Valley Megamall, The Gardens Mall, and The Mall Mid Valley Southkey. The REIT distributes rental income to unitholders as regular distributions while maintaining appropriate capital structure for growth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

IGB REIT is a publicly listed real estate investment trust that owns and operates income-producing retail mall properties in Malaysia. Its core offering is the ownership and leasing of three shopping malls—Mid Valley Megamall, The Gardens Mall, and The Mall Mid Valley Southkey—to retail tenants, with rental income distributed to unitholders as regular payouts.

Product overview

IGB REIT is a Malaysia-domiciled Real Estate Investment Trust that operates as a single unified investment vehicle focused on owning and managing income-producing retail real estate properties. The REIT's portfolio consists of three core retail mall assets: Mid Valley Megamall and The Gardens Mall (both located in Mid Valley City, Kuala Lumpur), and The Mall, Mid Valley Southkey (in Johor Bahru). The investment objective is to provide unitholders with regular and stable distributions, sustainable long-term unit price appreciation, and growth in distributable income and capital while maintaining an appropriate capital structure.

Differentiator

Problem solved

Functional benefit

Products and services

• Mid Valley Megamall A premier retail shopping mall located in Mid Valley City, Kuala Lumpur, Malaysia, owned by IGB REIT as part of its income-producing real estate portfolio and leased to retail tenants.
• The Gardens Mall An upscale retail mall situated in Mid Valley City, Kuala Lumpur, Malaysia, forming part of IGB REIT's property portfolio and leased to retail tenants.
• The Mall, Mid Valley Southkey A retail shopping mall located in Johor Bahru, Malaysia, owned by IGB REIT as part of its income-producing real estate portfolio and leased to retail tenants.
• IGB REIT Units Publicly traded REIT units on Bursa Malaysia Securities Berhad, providing unitholders with regular and stable distributions, sustainable long-term unit price appreciation, and growth in distributable income and capital.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights2 records

Direct peers

• Sunway REIT: Malaysian diversified REIT with significant retail exposure (e.g., Sunway Pyramid) listed on Bursa Malaysia. Comparable as a Bursa-listed REIT competing for Malaysian retail tenants and unitholders.
• Starhill Global REIT: Singapore-listed REIT investing in retail and office properties, including Malaysian assets such as Starhill Gallery in KL. Direct peer by retail asset class with Malaysian exposure.
• Pavilion REIT: Malaysia-domiciled retail-focused REIT listed on Bursa Malaysia whose flagship Pavilion Kuala Lumpur mall competes directly with Mid Valley Megamall for prime KL shopping-mall tenants and shopper traffic. Closest direct comparable by asset class and geography.
• CapitaLand Integrated Commercial Trust: Singapore-listed REIT investing in retail and office properties. Comparable as an Asia-Pacific integrated commercial REIT with shopping mall assets competing for similar institutional investor capital.
• Link REIT: Hong Kong-listed retail-focused REIT and one of Asia's largest REITs. Closest Asia-Pacific pure-play retail REIT comparable in business model (rental income from shopping mall portfolio) and pan-regional investor base.
• Mapletree Pan Asia Commercial Trust: Singapore-listed REIT with retail and office assets across Asia including Malaysia. Comparable regional retail-focused REIT with similar mandate and investor base to IGB REIT.
• Frasers Centrepoint Trust: Singapore-listed REIT focused on suburban retail malls. Comparable as a regional retail-mall REIT with similar tenant base and recurring rental income model.
• Hektar REIT: Bursa Malaysia-listed retail-focused REIT with a portfolio of Malaysian suburban malls. A direct peer in terms of retail REIT mandate and Malaysian listing, though at smaller scale.
• YTL REIT: Bursa Malaysia-listed REIT with retail and hospitality assets. Comparable as a Malaysian-listed REIT competing for similar unitholders and Malaysian retail real estate opportunities.
• KLCC Stapled Securities: Bursa Malaysia-listed stapled securities comprising KLCC REIT and KLCC Property Holdings, anchored by Suria KLCC mall. Directly comparable as a Malaysian REIT with a flagship urban retail mall asset in KL.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/igb-real-estate-investment-trust

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IGB REIT