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Thai (SET) Industrial REITs Industry Analysis
UpdatedMay 30, 2025
DataAggregated Company Financials
Companies10
- 7D0.8%
- 3M-5.8%
- 1Y4.4%
- YTD-6.9%
In the last week, the Industrial REITs industry is flat overall, with Hydrogen Freehold and Leasehold Real Estate Investment Trust standing out by going down 11%. As for the the longer term, the industry is up 3.2% over the past 12 months. As for the next few years, earnings are expected to grow by 3.9% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 30 May 2025 | ฿88.0b | ฿11.5b | ฿6.8b | 10.7x | 12.9x | 7.6x |
| Sun, 27 Apr 2025 | ฿82.6b | ฿11.4b | ฿6.4b | 12.1x | 12.9x | 7.3x |
| Tue, 25 Mar 2025 | ฿92.3b | ฿11.4b | ฿6.4b | 12.4x | 14.4x | 8.1x |
| Thu, 20 Feb 2025 | ฿94.8b | ฿11.3b | ฿6.8b | 13.8x | 13.9x | 8.4x |
| Sat, 18 Jan 2025 | ฿93.9b | ฿11.2b | ฿6.8b | 12.6x | 13.9x | 8.4x |
| Mon, 16 Dec 2024 | ฿96.8b | ฿11.2b | ฿6.8b | 12.9x | 14.3x | 8.6x |
| Wed, 13 Nov 2024 | ฿90.6b | ฿11.1b | ฿7.0b | 12.7x | 13x | 8.2x |
| Fri, 11 Oct 2024 | ฿95.2b | ฿11.1b | ฿7.0b | 12.7x | 13.6x | 8.6x |
| Sun, 08 Sep 2024 | ฿93.8b | ฿11.1b | ฿7.0b | 12.4x | 13.4x | 8.5x |
| Tue, 06 Aug 2024 | ฿92.2b | ฿10.9b | ฿6.6b | 12.1x | 14x | 8.4x |
| Thu, 04 Jul 2024 | ฿77.4b | ฿10.9b | ฿6.6b | 11x | 11.8x | 7.1x |
| Sat, 01 Jun 2024 | ฿84.0b | ฿11.1b | ฿6.7b | 11.9x | 12.5x | 7.5x |
| Mon, 29 Apr 2024 | ฿89.8b | ฿11.1b | ฿6.8b | 12.1x | 13.3x | 8.1x |
| Wed, 27 Mar 2024 | ฿91.4b | ฿11.1b | ฿6.8b | 12.5x | 13.5x | 8.3x |
| Fri, 23 Feb 2024 | ฿91.4b | ฿10.8b | ฿7.6b | 11.7x | 12.1x | 8.4x |
| Sun, 21 Jan 2024 | ฿92.4b | ฿10.7b | ฿7.7b | 11.8x | 12.1x | 8.7x |
| Tue, 19 Dec 2023 | ฿87.5b | ฿10.7b | ฿7.7b | 11.6x | 11.4x | 8.2x |
| Thu, 16 Nov 2023 | ฿88.8b | ฿10.6b | ฿7.8b | 11.7x | 11.4x | 8.4x |
| Sat, 14 Oct 2023 | ฿87.4b | ฿10.5b | ฿7.4b | 11.9x | 11.8x | 8.3x |
| Mon, 11 Sep 2023 | ฿94.8b | ฿10.5b | ฿7.4b | 13.1x | 12.8x | 9x |
| Wed, 09 Aug 2023 | ฿97.0b | ฿10.3b | ฿7.1b | 13.6x | 13.6x | 9.4x |
| Fri, 07 Jul 2023 | ฿95.2b | ฿10.3b | ฿7.2b | 13.4x | 13.2x | 9.2x |
| Sun, 04 Jun 2023 | ฿97.9b | ฿10.3b | ฿7.2b | 13.4x | 13.6x | 9.5x |
| Tue, 02 May 2023 | ฿96.6b | ฿10.1b | ฿7.1b | 12.4x | 13.6x | 9.6x |
| Thu, 30 Mar 2023 | ฿98.9b | ฿10.1b | ฿6.9b | 13.2x | 14.4x | 9.8x |
Price to Earnings Ratio
14.4x
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 8.4x.
Past Earnings Growth
- The earnings for companies in the Industrial REITs industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Thai Real Estate industry?
| TH Market | -0.82% | |
| Real Estate | -0.081% | |
| Industrial REITs | 0.77% | |
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 Ticon Freehold and Leasehold Real Estate Investment Trust | ฿9.70 | 1.0% +฿328.3m | 9.6% | PB0.9x | |
| WHAIR WHA Industrial Leasehold Real Estate Investment Trust | ฿5.05 | 4.8% +฿243.5m | -12.9% | PB0.6x | |
| WHART WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust | ฿9.60 | 0.5% +฿173.4m | 11.6% | PB0.9x | |
| HPF Hemaraj Industrial Property and Leasehold Fund | ฿4.86 | 2.5% +฿56.4m | 2.1% | PB0.5x | |
| PROSPECT Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust | ฿7.55 | 2.0% +฿56.3m | -11.7% | PB0.8x |