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Thai (SET) Hotel and Resort REITs Industry Analysis
UpdatedDec 31, 2025
DataAggregated Company Financials
Companies8
- 7D1.7%
- 3M1.4%
- 1Y-4.9%
- YTD-5.0%
In the last week, the Hotel and Resort REITs industry is up 1.7%, with LH Hotel Leasehold Real Estate Investment Trust up 3.2%. Meanwhile, MFC Patong Heritage Property Fund actually underperformed within the industry, shrinking 14% in the last week. In the past year, the industry is down 5.3%. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the Thai Hotel and Resort REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 Dec 2025 | ฿24.3b | ฿3.7b | ฿3.6b | 9x | 6.7x | 6.5x |
| Fri, 28 Nov 2025 | ฿23.9b | ฿3.7b | ฿3.6b | 8.7x | 6.6x | 6.4x |
| Sun, 26 Oct 2025 | ฿23.5b | ฿3.7b | ฿3.6b | 9x | 6.5x | 6.4x |
| Tue, 23 Sep 2025 | ฿24.0b | ฿3.7b | ฿3.6b | 9.8x | 6.7x | 6.5x |
| Thu, 21 Aug 2025 | ฿23.6b | ฿3.7b | ฿3.5b | 10.8x | 6.8x | 6.4x |
| Sat, 19 Jul 2025 | ฿23.4b | ฿3.9b | ฿4.0b | 9.9x | 5.8x | 6x |
| Mon, 16 Jun 2025 | ฿23.3b | ฿3.9b | ฿4.0b | 9.9x | 5.8x | 6x |
| Wed, 14 May 2025 | ฿23.8b | ฿3.8b | ฿4.1b | 8.9x | 5.9x | 6.2x |
| Fri, 11 Apr 2025 | ฿24.8b | ฿3.8b | ฿4.2b | 8.7x | 5.9x | 6.5x |
| Sun, 09 Mar 2025 | ฿25.9b | ฿3.8b | ฿4.2b | 8.6x | 6.2x | 6.8x |
| Tue, 04 Feb 2025 | ฿24.9b | ฿3.6b | ฿2.7b | 10.5x | 9.2x | 6.9x |
| Thu, 02 Jan 2025 | ฿25.5b | ฿3.6b | ฿2.7b | 10.8x | 9.5x | 7.1x |
| Sat, 30 Nov 2024 | ฿25.1b | ฿3.6b | ฿2.7b | 10.6x | 9.3x | 7x |
| Mon, 28 Oct 2024 | ฿25.0b | ฿3.3b | ฿2.8b | 9.7x | 8.9x | 7.5x |
| Wed, 25 Sep 2024 | ฿26.1b | ฿3.3b | ฿2.8b | 9.9x | 9.3x | 7.8x |
| Fri, 23 Aug 2024 | ฿23.5b | ฿3.3b | ฿3.1b | 7.5x | 7.5x | 7.2x |
| Sun, 21 Jul 2024 | ฿22.8b | ฿3.0b | ฿2.8b | 7.8x | 8.3x | 7.6x |
| Tue, 18 Jun 2024 | ฿23.5b | ฿3.1b | ฿2.9b | 8.1x | 8x | 7.7x |
| Thu, 16 May 2024 | ฿26.7b | ฿3.0b | ฿2.7b | 8.5x | 9.8x | 8.8x |
| Sat, 13 Apr 2024 | ฿27.1b | ฿3.0b | ฿2.6b | 9.6x | 10.6x | 9.1x |
| Mon, 11 Mar 2024 | ฿28.1b | ฿3.0b | ฿2.6b | 9.5x | 10.9x | 9.4x |
| Wed, 07 Feb 2024 | ฿28.6b | ฿2.8b | ฿2.5b | 11x | 11.4x | 10.2x |
| Fri, 05 Jan 2024 | ฿29.7b | ฿3.2b | ฿1.1b | 10.9x | 27.4x | 9.2x |
| Sun, 03 Dec 2023 | ฿28.0b | ฿3.2b | ฿1.1b | 10.2x | 25.8x | 8.6x |
| Tue, 31 Oct 2023 | ฿21.9b | ฿3.1b | ฿1.3b | 9.1x | 17.4x | 7x |
| Thu, 28 Sep 2023 | ฿23.2b | ฿3.1b | ฿1.3b | 9.7x | 18.4x | 7.4x |
| Sat, 26 Aug 2023 | ฿24.1b | ฿3.1b | ฿1.3b | 9.9x | 19.2x | 7.7x |
| Mon, 24 Jul 2023 | ฿24.6b | ฿2.8b | ฿2.0b | 9.8x | 12.2x | 8.6x |
| Wed, 21 Jun 2023 | ฿24.7b | ฿2.8b | ฿2.0b | 10.1x | 12.2x | 8.7x |
| Fri, 19 May 2023 | ฿24.9b | ฿2.7b | ฿1.9b | 9.4x | 13.1x | 9.3x |
| Sun, 16 Apr 2023 | ฿24.3b | ฿2.4b | ฿1.7b | 10.3x | 14.7x | 10.1x |
Price to Earnings Ratio
14.8x
Current Industry PE
- Investors are pessimistic on the Thai Hotel and Resort REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 6.7x which is lower than its 3-year average PE of 11.1x.
- The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 6.5x.
Past Earnings Growth
- The earnings for companies in the Hotel and Resort REITs industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Real Estate industry?
| TH Market | -0.89% | |
| Real Estate | 0.20% | |
| Hotel and Resort REITs | 1.72% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LHHOTEL LH Hotel Leasehold Real Estate Investment Trust | ฿13.00 | 2.4% +฿314.7m | -3.7% | PB1x | |
| GAHREIT Grande Hospitality Real Estate Investment Trust | ฿4.26 | 2.4% +฿17.6m | -37.4% | PB0.4x | |
| DREIT Dusit Thani Freehold and Leasehold Real Estate Investment Trust | ฿4.88 | 0.4% +฿14.2m | -5.2% | PB0.6x | |
| TLHPF Thailand Hospitality Property Fund | ฿3.82 | 2.1% +฿13.8m | 30.8% | PB0.4x | |
| LUXF Luxury Real Estate Investment Fund | ฿9.10 | 0.6% +฿9.8m | 13.8% | PB0.7x |