Thai (SET) Industrial REITs Industry Analysis

UpdatedFeb 21, 2026

DataAggregated Company Financials

Companies10

7D0.6%
3M9.1%
1Y8.2%
YTD2.9%

In the last week, Industrial REITs has been flat. As for the the longer term, the industry is up 9.5% over the past 12 months. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

Has the Thai Industrial REITs Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 21 Feb 2026	฿105.0b	฿12.1b	฿7.9b	10.7x	13.3x	8.7x
Mon, 19 Jan 2026	฿98.3b	฿11.9b	฿7.7b	10.4x	12.7x	8.3x
Wed, 17 Dec 2025	฿98.5b	฿11.9b	฿7.7b	11.4x	12.7x	8.3x
Fri, 14 Nov 2025	฿95.8b	฿11.6b	฿7.1b	11.7x	13.5x	8.2x
Sun, 12 Oct 2025	฿94.2b	฿11.6b	฿7.1b	11.9x	13.2x	8.1x
Tue, 09 Sep 2025	฿88.3b	฿11.6b	฿7.1b	11.9x	12.4x	7.6x
Thu, 07 Aug 2025	฿89.2b	฿11.6b	฿6.9b	11.8x	13x	7.7x
Sat, 05 Jul 2025	฿85.2b	฿11.5b	฿6.8b	11.9x	12.4x	7.4x
Mon, 02 Jun 2025	฿88.8b	฿11.5b	฿6.8b	11.6x	13x	7.7x
Wed, 30 Apr 2025	฿83.0b	฿11.4b	฿6.4b	12.1x	12.9x	7.3x
Fri, 28 Mar 2025	฿93.4b	฿11.4b	฿6.4b	12.4x	14.6x	8.2x
Sun, 23 Feb 2025	฿94.8b	฿11.4b	฿6.6b	13.6x	14.4x	8.3x
Tue, 21 Jan 2025	฿93.5b	฿11.2b	฿6.8b	12.6x	13.8x	8.3x
Thu, 19 Dec 2024	฿93.8b	฿11.2b	฿6.8b	12.7x	13.8x	8.4x
Sat, 16 Nov 2024	฿89.3b	฿11.1b	฿7.0b	12.6x	12.8x	8x
Mon, 14 Oct 2024	฿94.9b	฿11.1b	฿7.0b	12.7x	13.6x	8.6x
Wed, 11 Sep 2024	฿95.8b	฿11.1b	฿7.0b	12.5x	13.7x	8.6x
Fri, 09 Aug 2024	฿94.5b	฿10.9b	฿6.6b	12.5x	14.4x	8.6x
Sun, 07 Jul 2024	฿78.3b	฿10.9b	฿6.6b	11x	11.9x	7.2x
Tue, 04 Jun 2024	฿84.0b	฿11.1b	฿6.8b	11.9x	12.3x	7.6x
Thu, 02 May 2024	฿88.7b	฿11.1b	฿6.8b	12.2x	13.1x	8x
Sat, 30 Mar 2024	฿91.4b	฿11.1b	฿6.8b	12.8x	13.5x	8.3x
Mon, 26 Feb 2024	฿91.7b	฿10.8b	฿7.1b	11.7x	12.9x	8.5x
Wed, 24 Jan 2024	฿92.2b	฿10.7b	฿7.7b	11.9x	12x	8.6x
Fri, 22 Dec 2023	฿87.1b	฿10.7b	฿7.7b	11.5x	11.4x	8.2x
Sun, 19 Nov 2023	฿92.9b	฿10.7b	฿7.7b	11.8x	12.1x	8.7x
Tue, 17 Oct 2023	฿87.3b	฿10.5b	฿7.4b	11.9x	11.7x	8.3x
Thu, 14 Sep 2023	฿93.3b	฿10.5b	฿7.4b	12.8x	12.5x	8.9x
Sat, 12 Aug 2023	฿95.4b	฿10.5b	฿7.4b	13.1x	12.9x	9.1x
Mon, 10 Jul 2023	฿95.1b	฿10.3b	฿7.2b	13.4x	13.2x	9.2x
Wed, 07 Jun 2023	฿99.0b	฿10.3b	฿7.2b	13.6x	13.7x	9.6x
Fri, 05 May 2023	฿97.2b	฿10.1b	฿7.1b	12.6x	13.7x	9.6x
Sun, 02 Apr 2023	฿99.2b	฿10.1b	฿6.9b	13.3x	14.4x	9.8x

Price to Earnings Ratio

14.4x

Sun, 02 Apr 2023

Current Industry PE

Investors are relatively neutral on the Thai Industrial REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 12.9x.

The industry is trading close to its 3-year average PS ratio of 8.3x.

Past Earnings Growth

The earnings for companies in the Industrial REITs industry have grown 4.7% per year over the last three years.
Revenues for these companies have grown 6.3% 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	3.48%
Real Estate	2.16%
Industrial REITs	0.58%

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
FTREIT Frasers Property Thailand Industrial Freehold & Leasehold REIT	฿12.00	0.8% +฿328.3m	17.6%	PB1.1x
WHAIR WHA Industrial Leasehold Real Estate Investment Trust	฿6.65	1.5% +฿105.9m	10.8%	PB0.8x
AIMIRT AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust	฿11.00	0.9% +฿79.2m	2.8%	PB0.9x
HPF Hemaraj Industrial Property and Leasehold Fund	฿5.55	1.8% +฿47.0m	19.1%	PB0.6x
PROSPECT Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust	฿7.00	0.7% +฿32.2m	-16.7%	PB0.8x