IGB Commercial REIT (XKLS:5299) Days Payable: 226.43 (As of Mar. 2026) — 804% Above Median


XKLS:5299 IGB Commercial REIT XKLS:5299
35 GF Score
Price RM0.61
GF Value RM0.63
Valuation Fairly Valued
! 7 Warning Signs
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What is IGB Commercial REIT Days Payable?

IGB Commercial REIT XKLS:5299 +0.83% 35 Days Payable is 226.43 as of Mar. 2026, which is 804% above its 10-year median of 25.04. GuruFocus rates XKLS:5299 with a GF Score™ of 35/100 and a GF Value™ of RM0.63 (Fairly Valued). The stock has 7 warning signs investors should review. Among 548 REITs companies, IGB Commercial REIT ranks better than 83.39% on this metric.

IGB Commercial REIT's average Accounts Payable for the three months ended in Mar. 2026 was RM73.5 Mil. IGB Commercial REIT's Cost of Goods Sold for the three months ended in Mar. 2026 was RM29.6 Mil. Hence, IGB Commercial REIT's Days Payable for the three months ended in Mar. 2026 was 226.43.

The historical rank and industry rank for IGB Commercial REIT's Days Payable or its related term are showing as below:

XKLS:5299' s Days Payable Range Over the Past 10 Years
Min: 16.42   Med: 25.04   Max: 361.86
Current: 361.86

During the past 8 years, IGB Commercial REIT's highest Days Payable was 361.86. The lowest was 16.42. And the median was 25.04.

XKLS:5299's Days Payable is ranked better than
83.39% of 548 companies
in the REITs industry
Industry Median: 119.45 vs XKLS:5299: 361.86

IGB Commercial REIT's Days Payable declined from Mar. 2025 (249.78) to Mar. 2026 (226.43). It may suggest that IGB Commercial REIT accelerated paying its suppliers.


IGB Commercial REIT Days Payable Historical Data

* Premium members only.

The historical data trend for IGB Commercial REIT's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IGB Commercial REIT Days Payable Chart

IGB Commercial REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 0.00 39.35 28.02 16.42 22.06

IGB Commercial REIT Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 249.78 462.29 480.13 227.90 226.43

XKLS:5299 vs BXP, ARE, VNO: Days Payable Comparison

For the REIT - Office subindustry, IGB Commercial REIT's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IGB Commercial REIT Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, IGB Commercial REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where IGB Commercial REIT's Days Payable falls into.


XKLS:5299
35GF Score
IGB Commercial REIT XKLS:5299
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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IGB Commercial REIT Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

IGB Commercial REIT's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (5.7 + 8.029) / 2 ) / 113.577*365
=6.8645 / 113.577*365
=22.06

IGB Commercial REIT's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (8.029 + 139.016) / 2 ) / 29.629*365 / 4
=73.5225 / 29.629*365 / 4
=226.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 226.43 mean?
IGB Commercial REIT (XKLS:5299) has a Days Payable of 226.43 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IGB Commercial REIT and its competitors. This is 804% above median its historical median of 25.04. Over the past decade, IGB Commercial REIT's Days Payable has ranged from 16.42 to 361.86. According to the industry distribution chart, IGB Commercial REIT ranks #91 out of 548 companies in the REITs industry, placing it in the top 16.6%.
Is IGB Commercial REIT's Days Payable too high?
IGB Commercial REIT's current Days Payable of 226.43 is 804% above median its 10-year median of 25.04. Over the past 10 years, this metric has ranged from a low of 16.42 to a high of 361.86. The REITs industry median Days Payable is 119.45. IGB Commercial REIT's value of 226.43 is 89.6% above this industry median. Based on the distribution chart, IGB Commercial REIT ranks #91 out of 548 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, IGB Commercial REIT has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, IGB Commercial REIT ranks #91 out of 548 companies for Days Payable. This places IGB Commercial REIT in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 119.45. IGB Commercial REIT's value of 226.43 is 89.6% above this benchmark. Historically, IGB Commercial REIT's own Days Payable has ranged from 16.42 to 361.86 over the past decade. While the company's 10-year median is 25.04 vs. the industry median of 119.45, IGB Commercial REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.45, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGB Commercial REIT's current Days Payable of 226.43 is 89.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IGB Commercial REIT and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGB Commercial REIT's current Days Payable is 226.43, which is 804% above median its own 10-year median of 25.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 4% below its estimated fair value. The current Days Payable is 226.43, which is 804% above median its 10-year median of 25.04 and 89.6% above the REITs industry median of 119.45. IGB Commercial REIT's overall GF Score™ is 35/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For IGB Commercial REIT (XKLS:5299), the current Days Payable is 226.43 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IGB Commercial REIT (XKLS:5299) Overvalued in 2026?

Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued. The current stock price of RM0.61 is trading 4% below its estimated GF Value™ of RM0.63. GuruFocus considers IGB Commercial REIT to be Fairly Valued.

Key valuation signals for XKLS:5299:

  • Days Payable: 226.43 (804% above median its 10-year median of 25.04)
  • GF Value™: RM0.63 vs. price of RM0.61 (4% below fair value)
  • GF Score™: 35/100 with 7 warning signs
  • Industry Position: 89.6% above the REITs median (#91 of 548)

No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IGB Commercial REIT Business Description

Industry Real EstateREITs
Address Lingkaran Syed Putra, Level 32, The Gardens South Tower, Mid Valley City, Kuala Lumpur, SGR, MYS, 59200
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
35GF Score

Get the complete analysis for XKLS:5299

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.61
Price
RM0.63
GF Value