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Thai (SET) Office REITs Industry Analysis
UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies14
- 7D-1.0%
- 3M-3.8%
- 1Y-6.9%
- YTD-5.8%
In the last week, the Office REITs industry is flat overall, with Prime Office Leasehold Property Fund standing out by going down 7.9%. Unfortunately though, the industry is down 6.9% over the past 12 months. Earnings are forecast to grow by 41% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | ฿34.2b | ฿8.0b | ฿2.5b | 10x | 13.6x | 4.3x |
| Tue, 14 Jan 2025 | ฿35.5b | ฿8.0b | ฿2.5b | 10.1x | 14.1x | 4.5x |
| Thu, 12 Dec 2024 | ฿36.6b | ฿8.1b | ฿2.6b | 11x | 14.3x | 4.5x |
| Sat, 09 Nov 2024 | ฿35.5b | ฿8.1b | ฿2.1b | 10.1x | 16.7x | 4.4x |
| Mon, 07 Oct 2024 | ฿35.5b | ฿8.1b | ฿2.1b | 10.3x | 16.8x | 4.4x |
| Wed, 04 Sep 2024 | ฿30.2b | ฿7.9b | ฿2.0b | 9.6x | 14.8x | 3.8x |
| Fri, 02 Aug 2024 | ฿29.8b | ฿7.9b | ฿1.9b | 15.2x | 15.6x | 3.8x |
| Sun, 30 Jun 2024 | ฿29.5b | ฿7.9b | ฿1.9b | 14.9x | 15.4x | 3.7x |
| Tue, 28 May 2024 | ฿31.1b | ฿7.9b | ฿2.2b | 10.3x | 14x | 3.9x |
| Thu, 25 Apr 2024 | ฿31.1b | ฿7.9b | ฿2.4b | 10x | 12.9x | 3.9x |
| Sat, 23 Mar 2024 | ฿31.5b | ฿7.9b | ฿2.4b | 9.9x | 13.1x | 4x |
| Mon, 19 Feb 2024 | ฿33.7b | ฿7.9b | ฿2.5b | 10.5x | 13.7x | 4.3x |
| Wed, 17 Jan 2024 | ฿35.1b | ฿7.9b | ฿2.4b | 11.2x | 14.6x | 4.4x |
| Fri, 15 Dec 2023 | ฿33.1b | ฿7.9b | ฿2.4b | 10.4x | 13.7x | 4.2x |
| Sun, 12 Nov 2023 | ฿34.0b | ฿7.9b | ฿3.2b | 10.3x | 10.8x | 4.3x |
| Tue, 10 Oct 2023 | ฿34.4b | ฿7.8b | ฿3.2b | 10.5x | 10.9x | 4.4x |
| Thu, 07 Sep 2023 | ฿37.7b | ฿7.8b | ฿3.2b | 11.4x | 12x | 4.8x |
| Sat, 05 Aug 2023 | ฿43.5b | ฿7.7b | ฿3.6b | 11.7x | 12.2x | 5.6x |
| Mon, 03 Jul 2023 | ฿45.0b | ฿7.7b | ฿3.6b | 11.7x | 12.6x | 5.8x |
| Wed, 31 May 2023 | ฿47.9b | ฿7.7b | ฿3.6b | 12x | 13.4x | 6.2x |
| Fri, 28 Apr 2023 | ฿48.3b | ฿7.7b | ฿3.6b | 13.3x | 13.4x | 6.3x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are relatively neutral on the Thai Office 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 13.8x.
- 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 11% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Real Estate industry?
| TH Market | -0.76% | |
| Real Estate | -1.31% | |
| Office REITs | -0.98% | |
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 | |
|---|---|---|---|---|---|
| GVREIT Golden Ventures Leasehold Real Estate Investment Trust | ฿6.70 | 1.5% +฿81.5m | 11.7% | PB0.6x | |
| TPRIME Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust | ฿7.10 | 0.7% +฿27.4m | 13.6% | PB0.6x | |
| SSPF Sala @ Sathorn Property Fund | ฿3.78 | 2.2% +฿13.4m | -30.0% | PB0.3x |