Thai (SET) Office REITs Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies13
- 7D-0.8%
- 3M-5.7%
- 1Y-32.2%
- YTD-12.3%
The Office REITs is pretty flat in the last 7 days, but Bualuang Office Leasehold Real Estate Investment Trust has stood out, gaining 8.3%. Unfortunately though, the industry is down 32% over the past 12 months. As for the next few years, earnings are expected to grow by 1.1% per annum.
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 |
|---|---|---|---|---|---|---|
| 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 15.5x which is higher than its 3-year average PE of 13.2x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 19% 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 | -2.56% | |
| Real Estate | -2.27% | |
| Office REITs | -0.78% | |
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 | |
|---|---|---|---|---|---|
| QHPF Quality Houses Leasehold Property Fund | ฿4.36 | 0.5% +฿15.9m | -33.9% | PB0.4x | |
| SSTRT Sub Sri Thai Real Estate Investment Trust | ฿4.86 | 0.8% +฿7.6m | -10.8% | PB0.6x | |
| KPNPF KPN Property Fund | ฿2.62 | 0.8% +฿3.6m | -37.3% | PB0.3x |