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Thai (SET) REITS Industry Analysis

UpdatedSep 03, 2025
DataAggregated Company Financials
Companies5
  • 7D-1.0%
  • 3M-0.7%
  • 1Y-4.9%
  • YTD-9.3%

Over the last 7 days, the REITS industry has dropped 1.0%, driven by declines from every company within the industry. The industry has fallen 4.9% in the last year.

Industry Valuation and Performance

Has the Thai REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Sep 2025฿6.5b฿1.5b฿838.7m6.3x7.7x4.4x
Fri, 01 Aug 2025฿6.6b฿1.5b฿694.7m7.7x9.6x4.5x
Sun, 29 Jun 2025฿6.4b฿1.5b฿694.7m7.4x9.2x4.4x
Tue, 27 May 2025฿6.6b฿1.5b฿706.1m7.4x9.3x4.5x
Thu, 24 Apr 2025฿6.8b฿1.5b฿673.0m7.7x10.1x4.6x
Sat, 22 Mar 2025฿7.0b฿1.5b฿673.0m7.9x10.4x4.7x
Mon, 17 Feb 2025฿6.9b฿1.5b฿681.1m7.7x10.2x4.7x
Wed, 15 Jan 2025฿6.1b฿1.5b฿681.1m7.8x8.9x4.1x
Fri, 13 Dec 2024฿6.4b฿1.5b฿681.1m8x9.4x4.3x
Sun, 10 Nov 2024฿6.5b฿1.5b฿475.1m8.8x13.8x4.5x
Tue, 08 Oct 2024฿6.5b฿1.5b฿471.3m8.9x13.8x4.5x
Thu, 05 Sep 2024฿6.1b฿1.5b฿471.3m8.9x12.9x4.2x
Sat, 03 Aug 2024฿6.0b฿1.5b฿641.3m15x9.3x4.1x
Mon, 01 Jul 2024฿5.9b฿1.5b฿641.3m15.2x9.2x4x
Wed, 29 May 2024฿6.1b฿1.5b฿651.1m14.2x9.3x4.1x
Fri, 26 Apr 2024฿5.9b฿1.5b฿158.1m17.8x37.5x4.1x
Sun, 24 Mar 2024฿6.0b฿1.5b฿158.1m17.5x38.2x4.1x
Tue, 20 Feb 2024฿6.1b฿1.4b฿217.6m9.7x28.2x4.3x
Thu, 18 Jan 2024฿6.3b฿1.4b฿217.6m10.6x29x4.4x
Sat, 16 Dec 2023฿6.2b฿1.4b฿217.6m10.4x28.5x4.3x
Mon, 13 Nov 2023฿6.3b฿1.4b฿320.0m8.1x19.7x4.4x
Wed, 11 Oct 2023฿6.4b฿1.4b฿320.0m8.4x20.1x4.5x
Fri, 08 Sep 2023฿7.0b฿1.4b฿320.0m9.5x21.8x4.8x
Sun, 06 Aug 2023฿8.0b฿1.4b฿430.3m9.5x18.6x5.6x
Tue, 04 Jul 2023฿8.6b฿1.4b฿430.3m9.7x19.9x6x
Thu, 01 Jun 2023฿9.1b฿1.4b฿430.3m10.9x21.1x6.4x
Sat, 29 Apr 2023฿9.2b฿1.4b฿972.1m10.2x9.4x6.5x
Mon, 27 Mar 2023฿9.3b฿1.4b฿972.1m10.1x9.6x6.7x
Wed, 22 Feb 2023฿331.0b฿34.2b฿16.6b13x19.9x9.7x
Fri, 20 Jan 2023฿342.2b฿33.5b฿17.5b12.9x19.6x10.2x
Sun, 18 Dec 2022฿313.1b฿33.4b฿18.8b12.7x16.6x9.4x
Tue, 15 Nov 2022฿308.4b฿31.7b฿17.8b12.9x17.3x9.7x
Thu, 13 Oct 2022฿308.1b฿30.9b฿16.4b12.7x18.8x10x
Sat, 10 Sep 2022฿312.2b฿30.8b฿16.2b13.4x19.3x10.1x
Price to Earnings Ratio

19.3x


Total Market Cap: ฿312.2bTotal Earnings: ฿16.2bTotal Revenue: ฿30.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai REITS Industry Price to Earnings3Y Average 17.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Thai REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.7x which is lower than its 3-year average PE of 17.1x.
  • The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 63% per year over the last three years,
  • Revenues have also declined 64% 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-0.21%
Real Estate-0.46%
REITS-1.01%
Hotel and Resort REITs0.47%
Residential REITs0.29%
Retail REITs-0.35%
Diversified REITs-1.01%
Office REITs-1.26%
Industrial REITs-1.47%
Specialized REITs-2.39%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 5.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Hotel and Resort REITs industry, which is trading below its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 8.5% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Specialized REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

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