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Thai (SET) REITS Industry Analysis
UpdatedFeb 05, 2025
DataAggregated Company Financials
Companies5
- 7D-1.4%
- 3M-6.5%
- 1Y-4.9%
- YTD-2.5%
Over the last 7 days, the REITS industry has remained flat. Unfortunately though, the industry is down 4.8% over the past 12 months.
Industry Valuation and Performance
Has the Thai REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 05 Feb 2025 | ฿6.9b | ฿1.5b | ฿681.1m | 7.9x | 10.2x | 4.7x |
| Fri, 03 Jan 2025 | ฿6.2b | ฿1.5b | ฿681.1m | 7.9x | 9.1x | 4.2x |
| Sun, 01 Dec 2024 | ฿6.4b | ฿1.5b | ฿681.1m | 8x | 9.4x | 4.3x |
| Tue, 29 Oct 2024 | ฿6.4b | ฿1.5b | ฿471.3m | 8.9x | 13.7x | 4.4x |
| Thu, 26 Sep 2024 | ฿6.7b | ฿1.5b | ฿471.3m | 9.1x | 14.2x | 4.6x |
| Sat, 24 Aug 2024 | ฿5.9b | ฿1.5b | ฿471.3m | 9.1x | 12.6x | 4.1x |
| Mon, 22 Jul 2024 | ฿5.8b | ฿1.5b | ฿641.3m | 14.9x | 9.1x | 4x |
| Wed, 19 Jun 2024 | ฿6.0b | ฿1.5b | ฿641.3m | 15.5x | 9.3x | 4.1x |
| Fri, 17 May 2024 | ฿6.2b | ฿1.5b | ฿651.1m | 14.2x | 9.6x | 4.2x |
| Sun, 14 Apr 2024 | ฿5.9b | ฿1.5b | ฿158.1m | 16.7x | 37.4x | 4.1x |
| Tue, 12 Mar 2024 | ฿6.2b | ฿1.5b | ฿158.1m | 18.4x | 39.2x | 4.3x |
| Thu, 08 Feb 2024 | ฿6.4b | ฿1.4b | ฿217.6m | 10.1x | 29.3x | 4.4x |
| Sat, 06 Jan 2024 | ฿6.5b | ฿1.4b | ฿217.6m | 10.4x | 29.9x | 4.5x |
| Mon, 04 Dec 2023 | ฿6.2b | ฿1.4b | ฿217.6m | 10.5x | 28.7x | 4.3x |
| Wed, 01 Nov 2023 | ฿6.2b | ฿1.4b | ฿320.0m | 8.5x | 19.3x | 4.3x |
| Fri, 29 Sep 2023 | ฿6.6b | ฿1.4b | ฿320.0m | 8.9x | 20.5x | 4.6x |
| Sun, 27 Aug 2023 | ฿7.2b | ฿1.4b | ฿320.0m | 9.7x | 22.6x | 5x |
| Tue, 25 Jul 2023 | ฿8.4b | ฿1.4b | ฿430.3m | 9.6x | 19.5x | 5.9x |
| Thu, 22 Jun 2023 | ฿9.0b | ฿1.4b | ฿430.3m | 10.7x | 20.9x | 6.3x |
| Sat, 20 May 2023 | ฿9.1b | ฿1.4b | ฿430.3m | 11.1x | 21.2x | 6.4x |
| Mon, 17 Apr 2023 | ฿9.3b | ฿1.4b | ฿972.1m | 10.2x | 9.5x | 6.6x |
| Wed, 15 Mar 2023 | ฿298.3b | ฿35.3b | ฿17.5b | 12.7x | 17.1x | 8.4x |
| Fri, 10 Feb 2023 | ฿334.9b | ฿33.5b | ฿17.5b | 13.1x | 19.1x | 10x |
| Sun, 08 Jan 2023 | ฿318.6b | ฿33.4b | ฿18.8b | 13x | 16.9x | 9.5x |
| Tue, 06 Dec 2022 | ฿308.2b | ฿33.1b | ฿18.6b | 12.5x | 16.6x | 9.3x |
| Thu, 03 Nov 2022 | ฿308.2b | ฿30.9b | ฿16.4b | 12.7x | 18.8x | 10x |
| Sat, 01 Oct 2022 | ฿312.3b | ฿30.8b | ฿16.2b | 12.9x | 19.3x | 10.2x |
| Mon, 29 Aug 2022 | ฿314.2b | ฿30.8b | ฿16.2b | 13.4x | 19.4x | 10.2x |
| Wed, 27 Jul 2022 | ฿303.2b | ฿29.4b | ฿13.8b | 13.6x | 21.9x | 10.3x |
| Fri, 24 Jun 2022 | ฿299.7b | ฿29.3b | ฿13.8b | 14x | 21.8x | 10.2x |
| Sun, 22 May 2022 | ฿313.5b | ฿29.3b | ฿13.7b | 14.5x | 22.8x | 10.7x |
| Tue, 19 Apr 2022 | ฿323.2b | ฿29.0b | ฿13.8b | 14.3x | 23.4x | 11.2x |
| Thu, 17 Mar 2022 | ฿322.3b | ฿29.0b | ฿13.8b | 14.3x | 23.3x | 11.1x |
| Sat, 12 Feb 2022 | ฿324.4b | ฿28.8b | ฿12.7b | 14.5x | 25.6x | 11.3x |
Price to Earnings Ratio
25.6x
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 10.2x which is lower than its 3-year average PE of 19.6x.
- The 3-year average PS ratio of 6.8x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 62% per year over the last three years,
- Revenues have also declined 63% 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 | -3.37% | |
| Real Estate | -2.57% | |
| REITS | -1.43% | |
| Healthcare REITs | 0% | 0 |
| Industrial REITs | -0.59% | |
| Office REITs | -0.65% | |
| Hotel and Resort REITs | -1.29% | |
| Diversified REITs | -1.43% | |
| Residential REITs | -2.26% | |
| Specialized REITs | -2.55% | |
| Retail REITs | -3.69% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 19.6x.
- Analysts expect its future annual earnings growth (22.3%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 6.4% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 5.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||