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Thai (SET) Office REITs Industry Analysis
UpdatedSep 26, 2025
DataAggregated Company Financials
Companies14
- 7D-0.3%
- 3M5.5%
- 1Y-11.4%
- YTD-8.7%
The Office REITs is pretty flat in the last 7 days, but Siripinyo Real Estate Investment Trust has stood out, gaining 8.4%. Unfortunately though, the industry is down 13% over the past 12 months.
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 Sep 2025 | ฿32.8b | ฿6.5b | ฿2.5b | 10.3x | 13.3x | 5.1x |
| Sun, 24 Aug 2025 | ฿32.1b | ฿6.5b | ฿2.5b | 10.2x | 13x | 4.9x |
| Tue, 22 Jul 2025 | ฿31.6b | ฿6.6b | ฿2.3b | 14.2x | 13.9x | 4.8x |
| Thu, 19 Jun 2025 | ฿31.4b | ฿6.6b | ฿2.3b | 13.6x | 13.8x | 4.7x |
| Sat, 17 May 2025 | ฿32.6b | ฿6.6b | ฿2.3b | 14.4x | 14.2x | 4.9x |
| Mon, 14 Apr 2025 | ฿32.0b | ฿6.7b | ฿2.0b | 14.5x | 15.8x | 4.8x |
| Wed, 12 Mar 2025 | ฿33.0b | ฿6.7b | ฿2.0b | 15.4x | 16.3x | 4.9x |
| Fri, 07 Feb 2025 | ฿34.9b | ฿8.0b | ฿2.5b | 10x | 13.9x | 4.4x |
| Sun, 05 Jan 2025 | ฿35.8b | ฿8.0b | ฿2.5b | 10.1x | 14.3x | 4.5x |
| Tue, 03 Dec 2024 | ฿36.5b | ฿8.1b | ฿2.6b | 11x | 14.3x | 4.5x |
| Thu, 31 Oct 2024 | ฿35.8b | ฿8.1b | ฿2.1b | 10.2x | 16.9x | 4.4x |
| Sat, 28 Sep 2024 | ฿36.2b | ฿8.1b | ฿2.1b | 10.3x | 17.1x | 4.5x |
| Mon, 26 Aug 2024 | ฿30.2b | ฿7.9b | ฿2.0b | 9.7x | 14.8x | 3.8x |
| Wed, 24 Jul 2024 | ฿29.5b | ฿7.9b | ฿1.9b | 15x | 15.4x | 3.7x |
| Fri, 21 Jun 2024 | ฿29.7b | ฿7.9b | ฿1.9b | 15x | 15.5x | 3.7x |
| Sun, 19 May 2024 | ฿31.3b | ฿7.9b | ฿1.9b | 15.8x | 16.2x | 4x |
| Tue, 16 Apr 2024 | ฿31.2b | ฿7.9b | ฿2.4b | 10.1x | 12.9x | 3.9x |
| Thu, 14 Mar 2024 | ฿32.3b | ฿7.9b | ฿2.4b | 10x | 13.4x | 4.1x |
| Sat, 10 Feb 2024 | ฿34.3b | ฿7.9b | ฿2.4b | 10.7x | 14.3x | 4.3x |
| Mon, 08 Jan 2024 | ฿35.4b | ฿7.9b | ฿2.4b | 11.1x | 14.7x | 4.5x |
| Wed, 06 Dec 2023 | ฿33.3b | ฿7.9b | ฿2.4b | 10.2x | 13.8x | 4.2x |
| Fri, 03 Nov 2023 | ฿33.3b | ฿7.8b | ฿3.2b | 9.7x | 10.6x | 4.3x |
| Sun, 01 Oct 2023 | ฿36.6b | ฿7.8b | ฿3.2b | 10.8x | 11.6x | 4.7x |
| Tue, 29 Aug 2023 | ฿39.5b | ฿7.8b | ฿3.2b | 11.8x | 12.5x | 5x |
| Thu, 27 Jul 2023 | ฿43.7b | ฿7.7b | ฿3.6b | 11.9x | 12.2x | 5.7x |
| Sat, 24 Jun 2023 | ฿45.7b | ฿7.7b | ฿3.6b | 11.8x | 12.8x | 5.9x |
| Mon, 22 May 2023 | ฿48.1b | ฿7.7b | ฿3.6b | 12.2x | 13.4x | 6.3x |
| Wed, 19 Apr 2023 | ฿48.5b | ฿7.7b | ฿3.6b | 13.3x | 13.5x | 6.3x |
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 14.0x.
- 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 12% per year over the last three years,
- Revenues have also declined 5.5% 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 | -0.70% | |
| Real Estate | -1.52% | |
| Office REITs | -0.31% | |
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 | |
|---|---|---|---|---|---|
| SIRIPRT Siripinyo Real Estate Investment Trust | ฿8.40 | 8.4% +฿110.5m | n/a | n/a | |
| CPTREIT C.P. Tower Leasehold Real Estate Investment Trust | ฿5.05 | 1.0% +฿48.4m | -8.2% | PB0.5x | |
| POPF Prime Office Leasehold Property Fund | ฿6.30 | 0.8% +฿24.1m | 1.6% | PB0.6x | |
| SSPF Sala @ Sathorn Property Fund | ฿3.78 | 3.8% +฿23.4m | -22.9% | PB0.3x | |
| B-WORK Bualuang Office Leasehold Real Estate Investment Trust | ฿4.52 | 0.4% +฿7.4m | -12.2% | PB0.5x |