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Thai (SET) Office REITs Industry Analysis
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies14
- 7D1.9%
- 3M4.9%
- 1Y9.5%
- YTD6.3%
Over the last 7 days, the Office REITs industry has risen 1.9%, driven by gains from Prime Office Leasehold Property Fund of 6.3%. In the last 12 months, the industry was up 9.5%.
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 |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | ฿36.0b | ฿7.4b | ฿2.3b | 11x | 15.9x | 4.9x |
| Thu, 09 Apr 2026 | ฿34.4b | ฿7.4b | ฿2.2b | 10.4x | 15.3x | 4.6x |
| Sat, 07 Mar 2026 | ฿34.2b | ฿7.4b | ฿2.0b | 10.5x | 17x | 4.6x |
| Mon, 02 Feb 2026 | ฿33.3b | ฿6.3b | ฿1.6b | 10.1x | 20.5x | 5.3x |
| Wed, 31 Dec 2025 | ฿33.5b | ฿6.3b | ฿1.6b | 10.3x | 20.6x | 5.3x |
| Fri, 28 Nov 2025 | ฿32.2b | ฿6.3b | ฿2.0b | 14.1x | 16.2x | 5.1x |
| Sun, 26 Oct 2025 | ฿32.6b | ฿6.5b | ฿2.5b | 10.3x | 13.2x | 5x |
| Tue, 23 Sep 2025 | ฿32.8b | ฿6.5b | ฿2.5b | 10.3x | 13.3x | 5.1x |
| Thu, 21 Aug 2025 | ฿31.7b | ฿6.5b | ฿2.5b | 9.9x | 12.5x | 4.9x |
| Sat, 19 Jul 2025 | ฿31.5b | ฿6.6b | ฿2.3b | 14.2x | 13.8x | 4.8x |
| Mon, 16 Jun 2025 | ฿32.2b | ฿6.6b | ฿2.3b | 14.7x | 14.1x | 4.9x |
| Wed, 14 May 2025 | ฿32.5b | ฿6.7b | ฿2.0b | 14.7x | 16.1x | 4.8x |
| Fri, 11 Apr 2025 | ฿31.6b | ฿6.7b | ฿2.0b | 14.5x | 15.6x | 4.7x |
| Sun, 09 Mar 2025 | ฿32.7b | ฿6.7b | ฿2.0b | 15.5x | 16.2x | 4.9x |
| Tue, 04 Feb 2025 | ฿34.8b | ฿8.0b | ฿2.5b | 10.2x | 13.9x | 4.4x |
| Thu, 02 Jan 2025 | ฿36.1b | ฿8.0b | ฿2.5b | 10.1x | 14.4x | 4.5x |
| Sat, 30 Nov 2024 | ฿36.5b | ฿8.1b | ฿2.6b | 10.4x | 13.9x | 4.5x |
| Mon, 28 Oct 2024 | ฿35.7b | ฿8.1b | ฿2.1b | 10.3x | 16.9x | 4.4x |
| Wed, 25 Sep 2024 | ฿37.3b | ฿8.1b | ฿2.1b | 10.8x | 17.6x | 4.6x |
| Fri, 23 Aug 2024 | ฿30.1b | ฿7.9b | ฿2.0b | 9.7x | 14.7x | 3.8x |
| Sun, 21 Jul 2024 | ฿29.7b | ฿7.9b | ฿1.9b | 15.3x | 15.5x | 3.8x |
| Tue, 18 Jun 2024 | ฿29.8b | ฿7.9b | ฿1.9b | 15x | 15.6x | 3.8x |
| Thu, 16 May 2024 | ฿31.5b | ฿7.9b | ฿2.1b | 13.7x | 15.3x | 4x |
| Sat, 13 Apr 2024 | ฿31.2b | ฿7.9b | ฿2.4b | 10.1x | 12.9x | 3.9x |
| Mon, 11 Mar 2024 | ฿32.2b | ฿7.9b | ฿2.4b | 10x | 13.4x | 4.1x |
| Wed, 07 Feb 2024 | ฿35.0b | ฿7.9b | ฿2.4b | 10.8x | 14.5x | 4.4x |
| Fri, 05 Jan 2024 | ฿34.8b | ฿7.9b | ฿2.4b | 11.1x | 14.4x | 4.4x |
| Sun, 03 Dec 2023 | ฿33.3b | ฿7.9b | ฿2.4b | 10.2x | 13.8x | 4.2x |
| Tue, 31 Oct 2023 | ฿33.3b | ฿7.8b | ฿3.2b | 9.9x | 10.6x | 4.3x |
| Thu, 28 Sep 2023 | ฿35.7b | ฿7.8b | ฿3.2b | 11x | 11.3x | 4.6x |
| Sat, 26 Aug 2023 | ฿39.7b | ฿7.8b | ฿3.2b | 11.8x | 12.6x | 5.1x |
| Mon, 24 Jul 2023 | ฿44.1b | ฿7.7b | ฿3.6b | 11.7x | 12.3x | 5.7x |
| Wed, 21 Jun 2023 | ฿46.7b | ฿7.7b | ฿3.6b | 11.9x | 13x | 6.1x |
| Fri, 19 May 2023 | ฿47.9b | ฿7.7b | ฿3.5b | 13.2x | 13.5x | 6.2x |
Price to Earnings Ratio
13.5x
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 14.6x.
- The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 14% 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 | -0.30% | |
| Real Estate | 0.47% | |
| Office REITs | 1.92% | |
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 | |
|---|---|---|---|---|---|
| POPF Prime Office Leasehold Property Fund | ฿7.65 | 6.3% +฿216.7m | 31.9% | PB0.8x | |
| TPRIME Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust | ฿7.50 | 3.4% +฿136.9m | 8.7% | PB0.6x | |
| CPTREIT C.P. Tower Leasehold Real Estate Investment Trust | ฿6.10 | 1.7% +฿96.7m | 33.8% | PB0.6x | |
| SPRIME S Prime Growth Leasehold Real Estate Investment Trust | ฿3.68 | 2.8% +฿44.7m | -5.6% | PB0.4x | |
| GVREIT Golden Ventures Leasehold Real Estate Investment Trust | ฿6.80 | 0.7% +฿40.7m | -1.4% | PB0.7x |