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Thai (SET) Office REITs Industry Analysis
UpdatedApr 16, 2025
DataAggregated Company Financials
Companies14
- 7D2.4%
- 3M-8.3%
- 1Y-3.9%
- YTD-10.7%
Over the last 7 days, the Office REITs industry has dropped 1.5%, driven by C.P. Tower Leasehold Real Estate Investment Trust declining 5.6%. On the other hand Millionaire Property Fund is actually up 15%. However, the industry is down 4.2% over the past year.
Industry Valuation and Performance
Has the Thai Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 16 Apr 2025 | ฿32.0b | ฿6.7b | ฿2.0b | 14.5x | 15.8x | 4.8x |
| Fri, 14 Mar 2025 | ฿33.0b | ฿6.7b | ฿2.0b | 15.4x | 16.3x | 4.9x |
| Sun, 09 Feb 2025 | ฿34.5b | ฿8.0b | ฿2.5b | 10x | 13.8x | 4.3x |
| Tue, 07 Jan 2025 | ฿35.4b | ฿8.0b | ฿2.5b | 10.1x | 14.1x | 4.4x |
| Thu, 05 Dec 2024 | ฿36.9b | ฿8.1b | ฿2.6b | 11.2x | 14.4x | 4.6x |
| Sat, 02 Nov 2024 | ฿35.8b | ฿8.1b | ฿2.1b | 10.3x | 16.9x | 4.4x |
| Mon, 30 Sep 2024 | ฿36.2b | ฿8.1b | ฿2.1b | 10.3x | 17.1x | 4.5x |
| Wed, 28 Aug 2024 | ฿30.0b | ฿7.9b | ฿2.0b | 9.8x | 14.7x | 3.8x |
| Fri, 26 Jul 2024 | ฿29.5b | ฿7.9b | ฿1.9b | 15x | 15.4x | 3.7x |
| Sun, 23 Jun 2024 | ฿29.7b | ฿7.9b | ฿1.9b | 14.9x | 15.5x | 3.7x |
| Tue, 21 May 2024 | ฿31.4b | ฿7.9b | ฿1.9b | 15.9x | 16.3x | 4x |
| Thu, 18 Apr 2024 | ฿31.0b | ฿7.9b | ฿2.4b | 10x | 12.8x | 3.9x |
| Sat, 16 Mar 2024 | ฿32.1b | ฿7.9b | ฿2.4b | 10.1x | 13.3x | 4x |
| Mon, 12 Feb 2024 | ฿34.3b | ฿7.9b | ฿2.4b | 10.7x | 14.2x | 4.3x |
| Wed, 10 Jan 2024 | ฿35.1b | ฿7.9b | ฿2.4b | 10.9x | 14.6x | 4.4x |
| Fri, 08 Dec 2023 | ฿33.1b | ฿7.9b | ฿2.4b | 10.2x | 13.7x | 4.2x |
| Sun, 05 Nov 2023 | ฿33.7b | ฿7.8b | ฿3.1b | 10.3x | 10.7x | 4.3x |
| Tue, 03 Oct 2023 | ฿35.3b | ฿7.8b | ฿3.2b | 10.7x | 11.2x | 4.5x |
| Thu, 31 Aug 2023 | ฿39.0b | ฿7.8b | ฿3.2b | 11.6x | 12.4x | 5x |
| Sat, 29 Jul 2023 | ฿43.6b | ฿7.7b | ฿3.6b | 11.6x | 12.2x | 5.7x |
| Mon, 26 Jun 2023 | ฿45.7b | ฿7.7b | ฿3.6b | 11.8x | 12.8x | 5.9x |
| Wed, 24 May 2023 | ฿48.0b | ฿7.7b | ฿3.6b | 11.9x | 13.4x | 6.2x |
| Fri, 21 Apr 2023 | ฿48.1b | ฿7.7b | ฿3.6b | 13.2x | 13.4x | 6.3x |
Price to Earnings Ratio
13.5x
Current Industry PE
- Investors are optimistic on the Thai Office REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.8x which is higher than its 3-year average PE of 14.0x.
- The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 17% per year over the last three years,
- Revenues have also declined 4.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Real Estate industry?
| TH Market | 3.82% | |
| Real Estate | 2.99% | |
| Office REITs | 2.43% | |
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 | |
|---|---|---|---|---|---|
| MIPF Millionaire Property Fund | ฿11.80 | 14.6% +฿285.0m | n/a | PB1x | |
| BOFFICE Bhiraj Office Leasehold Real Estate Investment Trust | ฿4.76 | 3.9% +฿132.8m | -2.9% | PB0.5x | |
| GVREIT Golden Ventures Leasehold Real Estate Investment Trust | ฿6.60 | 1.5% +฿81.5m | 24.5% | PB0.6x | |
| WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust | ฿6.55 | 6.5% +฿80.8m | -14.9% | PB0.6x | |
| SIRIPRT Siripinyo Real Estate Investment Trust | ฿6.90 | 7.0% +฿76.5m | n/a | n/a |