Header cover image

Thai (SET) REITS Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies5
  • 7D-3.9%
  • 3M-0.4%
  • 1Y-0.3%
  • YTD-0.8%

Over the last 7 days, the REITS industry has dropped 1.5%, driven by KTBST Mixed Freehold and Leasehold Real Estate Investment Trust declining 4.6%. Over the last year, the industry has been flat overall.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026฿6.6b฿1.4b฿267.4m9.4x24.6x4.6x
Thu, 16 Jul 2026฿6.6b฿1.4b฿290.6m9.1x22.7x4.6x
Sat, 13 Jun 2026฿6.4b฿1.4b฿290.6m8.4x22x4.4x
Mon, 11 May 2026฿6.7b฿1.5b฿483.1m10.8x13.8x4.5x
Wed, 08 Apr 2026฿6.6b฿1.5b฿483.1m10.4x13.6x4.5x
Fri, 06 Mar 2026฿6.7b฿1.5b฿483.1m10.6x14x4.6x
Sun, 01 Feb 2026฿6.6b฿1.5b฿559.2m13.8x11.8x4.5x
Tue, 30 Dec 2025฿6.6b฿1.5b฿559.2m13.8x11.8x4.5x
Thu, 27 Nov 2025฿6.4b฿1.5b฿559.2m13.3x11.4x4.3x
Sat, 25 Oct 2025฿6.4b฿1.5b฿838.7m6.5x7.7x4.4x
Mon, 22 Sep 2025฿6.7b฿1.5b฿838.7m6.6x8x4.6x
Wed, 20 Aug 2025฿6.6b฿1.5b฿838.7m6.4x7.9x4.5x
Fri, 18 Jul 2025฿6.6b฿1.5b฿694.7m7.5x9.5x4.5x
Sun, 15 Jun 2025฿6.5b฿1.5b฿694.7m7.4x9.3x4.4x
Tue, 13 May 2025฿6.8b฿1.5b฿673.0m7.7x10.1x4.6x
Thu, 10 Apr 2025฿6.7b฿1.5b฿673.0m7.6x10x4.6x
Sat, 08 Mar 2025฿6.9b฿1.5b฿673.0m8x10.3x4.7x
Mon, 03 Feb 2025฿7.0b฿1.5b฿681.1m7.9x10.3x4.8x
Wed, 01 Jan 2025฿6.3b฿1.5b฿681.1m7.9x9.2x4.2x
Fri, 29 Nov 2024฿6.4b฿1.5b฿681.1m8x9.3x4.3x
Sun, 27 Oct 2024฿6.5b฿1.5b฿471.3m8.8x13.7x4.5x
Tue, 24 Sep 2024฿6.7b฿1.5b฿471.3m9.1x14.3x4.6x
Thu, 22 Aug 2024฿6.0b฿1.5b฿471.3m9.1x12.7x4.1x
Sat, 20 Jul 2024฿5.9b฿1.5b฿641.3m14.9x9.2x4x
Mon, 17 Jun 2024฿5.9b฿1.5b฿641.3m15.3x9.2x4.1x
Wed, 15 May 2024฿6.1b฿1.5b฿158.1m18.5x38.8x4.2x
Fri, 12 Apr 2024฿5.9b฿1.5b฿158.1m16.7x37.4x4.1x
Sun, 10 Mar 2024฿6.2b฿1.5b฿158.1m18x39.3x4.3x
Tue, 06 Feb 2024฿6.4b฿1.4b฿217.6m10.1x29.6x4.5x
Thu, 04 Jan 2024฿6.3b฿1.4b฿217.6m10.4x29.1x4.4x
Sat, 02 Dec 2023฿6.2b฿1.4b฿217.6m10.5x28.7x4.3x
Mon, 30 Oct 2023฿6.2b฿1.4b฿320.0m8.2x19.2x4.3x
Wed, 27 Sep 2023฿6.6b฿1.4b฿320.0m8.9x20.7x4.6x
Fri, 25 Aug 2023฿7.4b฿1.4b฿320.0m9.7x23x5.1x
Price to Earnings Ratio

23x


Total Market Cap: ฿7.4bTotal Earnings: ฿320.0mTotal Revenue: ฿1.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai REITS Industry Price to Earnings3Y Average 16.1x202420252026
Current Industry PE
  • Investors are optimistic on the Thai REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.6x which is higher than its 3-year average PE of 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 2.6% 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 Market0.16%
Real Estate0.19%
REITS-3.91%
Specialized REITs0.95%
Industrial REITs0.28%
Office REITs0.064%
Residential REITs-0.75%
Hotel and Resort REITs-0.76%
Retail REITs-0.85%
Diversified REITs-3.91%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 4.7x.
    • 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 close to its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 8.5% per year.
  • In contrast, the Retail 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

Latest News