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Thai (SET) Industrial REITs Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies10
- 7D1.4%
- 3M7.4%
- 1Y4.2%
- YTD3.1%
In the last week, the Industrial REITs industry is up 1.4%, with Frasers Property Thailand Industrial Freehold & Leasehold REIT up 4.5%. In the same time, Hydrogen Freehold and Leasehold Real Estate Investment Trust was down 7.0%. In the last 12 months, the industry was up 4.2%. 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | ฿99.9b | ฿11.9b | ฿7.7b | 10.7x | 12.9x | 8.4x |
| Sat, 22 Nov 2025 | ฿96.2b | ฿11.9b | ฿7.7b | 11.4x | 12.5x | 8.1x |
| Mon, 20 Oct 2025 | ฿94.1b | ฿11.6b | ฿7.1b | 11.7x | 13.2x | 8.1x |
| Wed, 17 Sep 2025 | ฿94.7b | ฿11.6b | ฿7.1b | 11.8x | 13.3x | 8.1x |
| Fri, 15 Aug 2025 | ฿90.4b | ฿11.6b | ฿7.1b | 11.6x | 12.7x | 7.8x |
| Sun, 13 Jul 2025 | ฿83.9b | ฿11.5b | ฿6.8b | 11.9x | 12.2x | 7.3x |
| Tue, 10 Jun 2025 | ฿84.4b | ฿11.5b | ฿6.8b | 10.9x | 12.3x | 7.3x |
| Thu, 08 May 2025 | ฿83.5b | ฿11.4b | ฿6.4b | 12.3x | 13x | 7.3x |
| Sat, 05 Apr 2025 | ฿90.4b | ฿11.4b | ฿6.4b | 12.3x | 14.1x | 8x |
| Mon, 03 Mar 2025 | ฿93.4b | ฿11.4b | ฿6.4b | 12.6x | 14.6x | 8.2x |
| Wed, 29 Jan 2025 | ฿93.9b | ฿11.2b | ฿6.8b | 12.5x | 13.9x | 8.4x |
| Fri, 27 Dec 2024 | ฿92.5b | ฿11.2b | ฿6.8b | 12.8x | 13.7x | 8.3x |
| Sun, 24 Nov 2024 | ฿92.3b | ฿11.2b | ฿7.0b | 12.2x | 13.1x | 8.3x |
| Tue, 22 Oct 2024 | ฿95.4b | ฿11.1b | ฿7.0b | 12.8x | 13.7x | 8.6x |
| Thu, 19 Sep 2024 | ฿95.4b | ฿11.1b | ฿7.0b | 12.8x | 13.7x | 8.6x |
| Sat, 17 Aug 2024 | ฿91.5b | ฿11.0b | ฿6.8b | 12.1x | 13.4x | 8.3x |
| Mon, 15 Jul 2024 | ฿84.5b | ฿10.9b | ฿6.6b | 11.3x | 12.9x | 7.7x |
| Wed, 12 Jun 2024 | ฿85.6b | ฿11.2b | ฿6.8b | 11.7x | 12.6x | 7.7x |
| Fri, 10 May 2024 | ฿88.1b | ฿11.1b | ฿6.7b | 12.2x | 13.2x | 7.9x |
| Sun, 07 Apr 2024 | ฿91.5b | ฿11.1b | ฿6.8b | 12.3x | 13.5x | 8.3x |
| Tue, 05 Mar 2024 | ฿92.7b | ฿234.8b | -฿136,111,545,423.00 | 12.8x | -0.7x | 0.4x |
| Thu, 01 Feb 2024 | ฿92.4b | ฿10.7b | ฿7.7b | 11.9x | 12.1x | 8.6x |
| Sat, 30 Dec 2023 | ฿95.8b | ฿10.7b | ฿7.7b | 12.1x | 12.5x | 9x |
| Mon, 27 Nov 2023 | ฿88.3b | ฿10.7b | ฿7.7b | 11.7x | 11.5x | 8.3x |
| Wed, 25 Oct 2023 | ฿84.0b | ฿10.5b | ฿7.4b | 11.3x | 11.3x | 8x |
| Fri, 22 Sep 2023 | ฿91.1b | ฿10.5b | ฿7.4b | 12.5x | 12.3x | 8.7x |
| Sun, 20 Aug 2023 | ฿95.4b | ฿10.5b | ฿7.4b | 13.1x | 12.8x | 9.1x |
| Tue, 18 Jul 2023 | ฿95.7b | ฿10.3b | ฿7.2b | 13.3x | 13.2x | 9.3x |
| Thu, 15 Jun 2023 | ฿98.0b | ฿10.3b | ฿7.2b | 13.6x | 13.6x | 9.5x |
| Sat, 13 May 2023 | ฿99.2b | ฿10.1b | ฿7.1b | 12.6x | 14x | 9.8x |
| Mon, 10 Apr 2023 | ฿99.4b | ฿10.1b | ฿6.9b | 13.4x | 14.4x | 9.9x |
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 8.3x.
Past Earnings Growth
- The earnings for companies in the Industrial REITs industry have grown 3.9% per year over the last three years.
- Revenues for these companies have grown 5.7% 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 | 0.83% | |
| Real Estate | 0.49% | |
| Industrial REITs | 1.43% | |
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 | ฿11.50 | 4.5% +฿1.6b | 13.9% | PB1x | |
| WHART WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust | ฿10.50 | 2.9% +฿1.0b | 6.1% | PB1x | |
| AIMIRT AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust | ฿10.60 | 2.9% +฿237.5m | 1.9% | PB0.9x | |
| WHAIR WHA Industrial Leasehold Real Estate Investment Trust | ฿6.15 | 0.8% +฿52.9m | -6.1% | PB0.7x | |
| AMATAR Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust | ฿6.65 | 1.5% +฿35.8m | 0.8% | PB0.7x |