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Thai (SET) Industrial REITs Industry Analysis
UpdatedDec 28, 2025
DataAggregated Company Financials
Companies10
- 7D3.9%
- 3M9.0%
- 1Y5.2%
- YTDn/a
Over the last 7 days, the Industrial REITs industry has risen 3.1%, driven by gains in WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust and Frasers Property Thailand Industrial Freehold & Leasehold REIT of 5.0% and 4.5%, respectively. In the same time, Hydrogen Freehold and Leasehold Real Estate Investment Trust was down 7.0%. This means that the industry has gained 6.2% over the past year. Earnings are forecast to be flat in the coming years.
Industry Valuation and Performance
Has the Thai Industrial REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 28 Dec 2025 | ฿102.0b | ฿11.9b | ฿7.7b | 11x | 13.2x | 8.6x |
| Tue, 25 Nov 2025 | ฿96.1b | ฿11.9b | ฿7.7b | 11.4x | 12.5x | 8.1x |
| Thu, 23 Oct 2025 | ฿94.2b | ฿11.6b | ฿7.1b | 12.1x | 13.3x | 8.1x |
| Sat, 20 Sep 2025 | ฿94.2b | ฿11.6b | ฿7.1b | 11.9x | 13.3x | 8.1x |
| Mon, 18 Aug 2025 | ฿90.1b | ฿11.6b | ฿7.1b | 11.6x | 12.7x | 7.7x |
| Wed, 16 Jul 2025 | ฿86.5b | ฿11.5b | ฿6.8b | 11.8x | 12.6x | 7.5x |
| Fri, 13 Jun 2025 | ฿83.9b | ฿11.5b | ฿6.8b | 10.8x | 12.3x | 7.3x |
| Sun, 11 May 2025 | ฿83.6b | ฿11.5b | ฿6.7b | 10.7x | 12.4x | 7.3x |
| Tue, 08 Apr 2025 | ฿90.4b | ฿11.4b | ฿6.4b | 12.3x | 14.1x | 8x |
| Thu, 06 Mar 2025 | ฿92.3b | ฿11.4b | ฿6.4b | 12.8x | 14.4x | 8.1x |
| Sat, 01 Feb 2025 | ฿93.9b | ฿11.2b | ฿6.8b | 13.8x | 13.9x | 8.4x |
| Mon, 30 Dec 2024 | ฿93.9b | ฿11.2b | ฿6.8b | 12.8x | 13.9x | 8.4x |
| Wed, 27 Nov 2024 | ฿93.4b | ฿11.2b | ฿7.0b | 12.1x | 13.3x | 8.3x |
| Fri, 25 Oct 2024 | ฿94.7b | ฿11.1b | ฿7.0b | 12.8x | 13.6x | 8.6x |
| Sun, 22 Sep 2024 | ฿96.7b | ฿11.1b | ฿7.0b | 13x | 13.8x | 8.7x |
| Tue, 20 Aug 2024 | ฿91.5b | ฿11.1b | ฿7.0b | 12.5x | 13.1x | 8.3x |
| Thu, 18 Jul 2024 | ฿85.9b | ฿10.9b | ฿6.6b | 11.3x | 13.1x | 7.9x |
| Sat, 15 Jun 2024 | ฿80.1b | ฿10.9b | ฿6.6b | 11.6x | 12.2x | 7.3x |
| Mon, 13 May 2024 | ฿88.0b | ฿11.1b | ฿6.7b | 12.1x | 13.2x | 7.9x |
| Wed, 10 Apr 2024 | ฿91.4b | ฿11.1b | ฿6.8b | 12.2x | 13.5x | 8.3x |
| Fri, 08 Mar 2024 | ฿91.2b | ฿234.8b | -฿136,111,545,423.00 | 12.7x | -0.7x | 0.4x |
| Sun, 04 Feb 2024 | ฿94.1b | ฿10.7b | ฿7.7b | 12x | 12.3x | 8.8x |
| Tue, 02 Jan 2024 | ฿95.8b | ฿10.7b | ฿7.7b | 12.1x | 12.5x | 9x |
| Thu, 30 Nov 2023 | ฿88.7b | ฿10.7b | ฿7.7b | 11.7x | 11.6x | 8.3x |
| Sat, 28 Oct 2023 | ฿84.1b | ฿10.5b | ฿7.4b | 11.4x | 11.3x | 8x |
| Mon, 25 Sep 2023 | ฿91.9b | ฿10.5b | ฿7.4b | 12.6x | 12.4x | 8.7x |
| Wed, 23 Aug 2023 | ฿95.2b | ฿10.5b | ฿7.4b | 13.1x | 12.8x | 9.1x |
| Fri, 21 Jul 2023 | ฿96.1b | ฿10.3b | ฿7.2b | 13.4x | 13.3x | 9.3x |
| Sun, 18 Jun 2023 | ฿98.7b | ฿10.3b | ฿7.2b | 13.7x | 13.7x | 9.6x |
| Tue, 16 May 2023 | ฿98.6b | ฿10.3b | ฿7.1b | 13.3x | 13.8x | 9.6x |
| Thu, 13 Apr 2023 | ฿99.3b | ฿10.1b | ฿6.9b | 13.3x | 14.4x | 9.9x |
| Sat, 11 Mar 2023 | ฿96.3b | ฿10.1b | ฿6.9b | 12.9x | 14x | 9.6x |
| Mon, 06 Feb 2023 | ฿103.2b | ฿9.9b | ฿6.4b | 13.3x | 16.2x | 10.5x |
| Wed, 04 Jan 2023 | ฿92.1b | ฿9.9b | ฿6.4b | 13x | 14.5x | 9.3x |
Price to Earnings Ratio
14.5x
Current Industry PE
- Investors are relatively neutral on the Thai Industrial 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 13.1x.
- The industry is trading close to its 3-year average PS ratio of 8.4x.
Past Earnings Growth
- The earnings for companies in the Industrial REITs industry have grown 6.7% per year over the last three years.
- Revenues for these companies have grown 6.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Thai Industrial REITs compare with similar industries?
| TH Market | 0.57% | |
| Real Estate | 1.27% | |
| REITS | -0.15% | |
| Industrial REITs | 3.93% | |
| Specialized REITs | 2.96% | |
| Retail REITs | 2.87% | |
| Hotel and Resort REITs | 1.28% | |
| Office REITs | 1.03% | |
| Diversified REITs | -0.15% | |
| Residential REITs | -0.32% | |
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 | |
|---|---|---|---|---|---|
| WHART WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust | ฿10.60 | 5.0% +฿1.7b | 5.0% | PB1x | |
| FTREIT Frasers Property Thailand Industrial Freehold & Leasehold REIT | ฿11.60 | 4.5% +฿1.6b | 14.9% | PB1x | |
| AIMIRT AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust | ฿10.90 | 3.8% +฿316.6m | 2.8% | PB0.9x | |
| HPF Hemaraj Industrial Property and Leasehold Fund | ฿5.15 | 3.0% +฿70.5m | 3.0% | PB0.6x | |
| PROSPECT Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust | ฿6.95 | 1.5% +฿64.4m | -17.3% | PB0.8x |