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Thai (SET) Office REITs Industry Analysis
UpdatedAug 21, 2026
DataAggregated Company Financials
Companies14
- 7D-0.2%
- 3M8.5%
- 1Y22.4%
- YTDn/a
Last week, the Office REITs industry hasn't moved much but Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust is up 8.3% in that time. The past year has been better, since the industry has gained 22% in that time.
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, 21 Aug 2026 | ฿40.3b | ฿7.4b | ฿2.1b | 14.3x | 19x | 5.4x |
| Sun, 19 Jul 2026 | ฿40.0b | ฿7.4b | ฿2.5b | 11.4x | 16.2x | 5.4x |
| Tue, 16 Jun 2026 | ฿36.8b | ฿7.4b | ฿2.5b | 10.3x | 14.9x | 4.9x |
| Thu, 14 May 2026 | ฿36.0b | ฿7.4b | ฿2.3b | 10.9x | 15.9x | 4.8x |
| Sat, 11 Apr 2026 | ฿34.7b | ฿7.4b | ฿2.2b | 10.5x | 15.4x | 4.7x |
| Mon, 09 Mar 2026 | ฿34.2b | ฿7.4b | ฿2.0b | 10.5x | 17x | 4.6x |
| Wed, 04 Feb 2026 | ฿33.5b | ฿6.3b | ฿1.6b | 10.1x | 20.6x | 5.3x |
| Fri, 02 Jan 2026 | ฿33.5b | ฿6.3b | ฿1.6b | 10.3x | 20.6x | 5.3x |
| Sun, 30 Nov 2025 | ฿32.6b | ฿6.3b | ฿2.0b | 14.6x | 16.4x | 5.1x |
| Tue, 28 Oct 2025 | ฿32.6b | ฿6.5b | ฿2.5b | 10.3x | 13.2x | 5x |
| Thu, 25 Sep 2025 | ฿32.7b | ฿6.5b | ฿2.5b | 10.3x | 13.3x | 5x |
| Sat, 23 Aug 2025 | ฿32.1b | ฿6.5b | ฿2.5b | 10.2x | 12.7x | 4.9x |
| Mon, 21 Jul 2025 | ฿31.5b | ฿6.6b | ฿2.3b | 14.2x | 13.8x | 4.8x |
| Wed, 18 Jun 2025 | ฿31.6b | ฿6.6b | ฿2.3b | 13.7x | 13.9x | 4.8x |
| Fri, 16 May 2025 | ฿32.5b | ฿6.6b | ฿2.3b | 14.4x | 14.2x | 4.9x |
| Sun, 13 Apr 2025 | ฿32.0b | ฿6.7b | ฿2.0b | 14.5x | 15.8x | 4.8x |
| Tue, 11 Mar 2025 | ฿32.8b | ฿6.7b | ฿2.0b | 15.5x | 16.2x | 4.9x |
| Thu, 06 Feb 2025 | ฿34.9b | ฿8.0b | ฿2.5b | 10x | 13.9x | 4.4x |
| Sat, 04 Jan 2025 | ฿35.8b | ฿8.0b | ฿2.5b | 10.1x | 14.3x | 4.5x |
| Mon, 02 Dec 2024 | ฿36.5b | ฿8.1b | ฿2.6b | 11.1x | 14.3x | 4.5x |
| Wed, 30 Oct 2024 | ฿35.7b | ฿8.1b | ฿2.1b | 10.2x | 16.8x | 4.4x |
| Fri, 27 Sep 2024 | ฿36.7b | ฿8.1b | ฿2.1b | 10.5x | 17.3x | 4.5x |
| Sun, 25 Aug 2024 | ฿30.2b | ฿7.9b | ฿2.0b | 9.7x | 14.8x | 3.8x |
| Tue, 23 Jul 2024 | ฿29.7b | ฿7.9b | ฿1.9b | 15.3x | 15.5x | 3.8x |
| Thu, 20 Jun 2024 | ฿29.7b | ฿7.9b | ฿1.9b | 15x | 15.5x | 3.8x |
| Sat, 18 May 2024 | ฿31.3b | ฿7.9b | ฿1.9b | 15.8x | 16.2x | 4x |
| Mon, 15 Apr 2024 | ฿31.2b | ฿7.9b | ฿2.4b | 10.1x | 12.9x | 3.9x |
| Wed, 13 Mar 2024 | ฿32.2b | ฿7.9b | ฿2.4b | 10x | 13.4x | 4.1x |
| Fri, 09 Feb 2024 | ฿34.5b | ฿7.9b | ฿2.4b | 10.6x | 14.3x | 4.4x |
| Sun, 07 Jan 2024 | ฿35.4b | ฿7.9b | ฿2.4b | 11.1x | 14.7x | 4.5x |
| Tue, 05 Dec 2023 | ฿33.3b | ฿7.9b | ฿2.4b | 10.2x | 13.8x | 4.2x |
| Thu, 02 Nov 2023 | ฿33.2b | ฿7.8b | ฿3.2b | 9.8x | 10.5x | 4.2x |
| Sat, 30 Sep 2023 | ฿36.6b | ฿7.8b | ฿3.2b | 10.8x | 11.6x | 4.7x |
| Mon, 28 Aug 2023 | ฿39.7b | ฿7.8b | ฿3.2b | 11.8x | 12.6x | 5.1x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are optimistic on the Thai Office REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.9x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 12% 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 Comparison
How does Thai Office REITs compare with similar industries?
| TH Market | -0.24% | |
| Real Estate | -0.014% | |
| REITS | -3.32% | |
| Office REITs | -0.23% | |
| Specialized REITs | 0.62% | |
| Retail REITs | 0.36% | |
| Residential REITs | -0.30% | |
| Industrial REITs | -0.66% | |
| Hotel and Resort REITs | -1.24% | |
| Diversified REITs | -3.32% | |
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 | |
|---|---|---|---|---|---|
| TPRIME Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust | ฿8.10 | 2.5% +฿109.5m | 27.6% | PB0.7x | |
| CPTREIT C.P. Tower Leasehold Real Estate Investment Trust | ฿6.80 | 0.7% +฿48.4m | 39.9% | PB0.7x | |
| POPF Prime Office Leasehold Property Fund | ฿8.75 | 0.6% +฿31.1m | 50.9% | PB1.1x | |
| QHBREIT Quality Houses Business Complex Leasehold Real Estate Investment Trust | ฿3.84 | 0.5% +฿15.9m | 5.5% | PB0.5x | |
| MIPF Millionaire Property Fund | ฿9.55 | 0.5% +฿9.5m | -13.2% | PB0.8x |