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Thai (SET) Office REITs Industry Analysis

UpdatedMay 29, 2024
DataAggregated Company Financials
Companies13
  • 7D-1.8%
  • 3M-6.6%
  • 1Y-35.6%
  • YTD-8.5%

Over the last 7 days, the Office REITs industry has dropped 1.8%, driven by Golden Ventures Leasehold Real Estate Investment Trust declining 4.4%. However, the industry is down 36% over the past year. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 May 2024฿30.8b฿7.9b฿2.2b10.3x13.8x3.9x
Fri, 26 Apr 2024฿31.2b฿7.9b฿2.4b10x13x3.9x
Sun, 24 Mar 2024฿31.5b฿7.9b฿2.4b9.9x13.1x4x
Tue, 20 Feb 2024฿33.6b฿7.9b฿2.5b10.5x13.7x4.2x
Thu, 18 Jan 2024฿34.8b฿7.9b฿2.4b11x14.4x4.4x
Sat, 16 Dec 2023฿33.2b฿7.9b฿2.4b10.4x13.8x4.2x
Mon, 13 Nov 2023฿34.0b฿7.9b฿3.2b10.3x10.8x4.3x
Wed, 11 Oct 2023฿34.2b฿7.8b฿3.2b10.4x10.8x4.4x
Fri, 08 Sep 2023฿37.8b฿7.8b฿3.2b11.5x12x4.8x
Sun, 06 Aug 2023฿43.5b฿7.7b฿3.6b11.7x12.2x5.6x
Tue, 04 Jul 2023฿45.3b฿7.7b฿3.6b11.8x12.6x5.9x
Thu, 01 Jun 2023฿47.5b฿7.7b฿3.6b11.9x13.3x6.2x
Sat, 29 Apr 2023฿48.4b฿7.7b฿3.6b13.4x13.4x6.3x
Price to Earnings Ratio

13.5x


Total Market Cap: ฿48.5bTotal Earnings: ฿3.6bTotal Revenue: ฿7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Office REITs Industry Price to Earnings3Y Average 13xJulyOctober2024April
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 13.0x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 15% 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-0.56%
Real Estate-1.32%
Office REITs-1.81%
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?

CompanyLast Price7D1YValuation
QHPF Quality Houses Leasehold Property Fund฿4.421.8%
+฿63.8m
-37.7%PB0.4x
WHABT WHA Business Complex Freehold and Leasehold Real Estate Investment Trust฿7.601.3%
+฿20.2m
-16.0%PB0.7x
BKKCP Bangkok Commercial Property Fund฿9.302.2%
+฿20.0m
-13.1%PB0.7x
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Latest News

BKKCP

฿9.30

Bangkok Commercial Property Fund

7D

2.2%

1Y

-13.1%

CPTGF

฿5.25

C.P. Tower Growth Leasehold Property Fund

7D

-1.9%

1Y

-24.5%

POPF

฿5.85

Prime Office Leasehold Property Fund

7D

-3.3%

1Y

-47.3%

KPNPF

฿3.00

KPN Property Fund

7D

-3.8%

1Y

-35.9%

SSTRT

฿4.94

Sub Sri Thai Real Estate Investment Trust

7D

-0.8%

1Y

-8.5%

BOFFICE

฿4.84

Bhiraj Office Leasehold Real Estate Investment Trust

7D

-1.6%

1Y

-35.5%

SSPF

฿5.00

Sala @ Sathorn Property Fund

7D

-7.4%

1Y

-28.6%