Have your own idea? Try our Stock Screener
Thai (SET) Office REITs Industry Analysis
UpdatedDec 04, 2025
DataAggregated Company Financials
Companies14
- 7D-0.4%
- 3M2.1%
- 1Y-9.2%
- YTDn/a
In the last week, the Office REITs industry is flat overall, with Millionaire Property Fund standing out by going down 7.0%. Unfortunately though, the industry is down 9.2% over the past 12 months. Earnings are forecast to grow by 9.4% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 04 Dec 2025 | ฿32.3b | ฿6.3b | ฿2.0b | 13.8x | 16.2x | 5.1x |
| Sat, 01 Nov 2025 | ฿32.5b | ฿6.5b | ฿2.5b | 10.3x | 13.2x | 5x |
| Mon, 29 Sep 2025 | ฿32.8b | ฿6.5b | ฿2.5b | 10.3x | 13.3x | 5.1x |
| Wed, 27 Aug 2025 | ฿31.9b | ฿6.5b | ฿2.5b | 10.3x | 12.9x | 4.9x |
| Fri, 25 Jul 2025 | ฿31.6b | ฿6.6b | ฿2.3b | 14.2x | 13.9x | 4.8x |
| Sun, 22 Jun 2025 | ฿31.2b | ฿6.6b | ฿2.3b | 14.3x | 13.7x | 4.7x |
| Tue, 20 May 2025 | ฿32.7b | ฿6.6b | ฿2.3b | 14.4x | 14.3x | 4.9x |
| Thu, 17 Apr 2025 | ฿31.9b | ฿6.7b | ฿2.0b | 15.1x | 15.8x | 4.7x |
| Sat, 15 Mar 2025 | ฿32.9b | ฿6.7b | ฿2.0b | 15.4x | 16.3x | 4.9x |
| Mon, 10 Feb 2025 | ฿34.5b | ฿8.0b | ฿2.5b | 10x | 13.8x | 4.3x |
| Wed, 08 Jan 2025 | ฿35.6b | ฿8.0b | ฿2.5b | 10.1x | 14.2x | 4.5x |
| Fri, 06 Dec 2024 | ฿36.9b | ฿8.1b | ฿2.6b | 11.2x | 14.4x | 4.6x |
| Sun, 03 Nov 2024 | ฿35.8b | ฿8.1b | ฿2.1b | 10.3x | 16.9x | 4.4x |
| Tue, 01 Oct 2024 | ฿36.0b | ฿8.1b | ฿2.1b | 10.3x | 17x | 4.4x |
| Thu, 29 Aug 2024 | ฿29.8b | ฿7.9b | ฿2.0b | 9.6x | 14.6x | 3.8x |
| Sat, 27 Jul 2024 | ฿29.6b | ฿7.9b | ฿1.9b | 14.9x | 15.4x | 3.7x |
| Mon, 24 Jun 2024 | ฿29.7b | ฿7.9b | ฿1.9b | 14.9x | 15.5x | 3.7x |
| Wed, 22 May 2024 | ฿31.4b | ฿7.9b | ฿1.9b | 15.8x | 16.3x | 4x |
| Fri, 19 Apr 2024 | ฿31.1b | ฿7.9b | ฿2.4b | 10x | 12.9x | 3.9x |
| Sun, 17 Mar 2024 | ฿32.1b | ฿7.9b | ฿2.4b | 10.1x | 13.3x | 4x |
| Tue, 13 Feb 2024 | ฿34.2b | ฿7.9b | ฿2.4b | 10.7x | 14.2x | 4.3x |
| Thu, 11 Jan 2024 | ฿35.0b | ฿7.9b | ฿2.4b | 10.8x | 14.5x | 4.4x |
| Sat, 09 Dec 2023 | ฿33.2b | ฿7.9b | ฿2.4b | 10.2x | 13.8x | 4.2x |
| Mon, 06 Nov 2023 | ฿33.7b | ฿7.8b | ฿3.1b | 10.3x | 10.7x | 4.3x |
| Wed, 04 Oct 2023 | ฿35.3b | ฿7.8b | ฿3.2b | 10.6x | 11.2x | 4.5x |
| Fri, 01 Sep 2023 | ฿39.0b | ฿7.8b | ฿3.2b | 11.7x | 12.4x | 5x |
| Sun, 30 Jul 2023 | ฿43.6b | ฿7.7b | ฿3.6b | 11.6x | 12.2x | 5.7x |
| Tue, 27 Jun 2023 | ฿45.1b | ฿7.7b | ฿3.6b | 11.8x | 12.6x | 5.8x |
| Thu, 25 May 2023 | ฿47.9b | ฿7.7b | ฿3.6b | 11.9x | 13.4x | 6.2x |
| Sat, 22 Apr 2023 | ฿48.0b | ฿7.7b | ฿3.6b | 13.2x | 13.3x | 6.2x |
| Mon, 20 Mar 2023 | ฿48.5b | ฿7.7b | ฿3.6b | 13.4x | 13.5x | 6.3x |
| Wed, 15 Feb 2023 | ฿52.1b | ฿7.6b | ฿3.5b | 13x | 14.9x | 6.8x |
| Fri, 13 Jan 2023 | ฿50.5b | ฿7.6b | ฿3.5b | 12.4x | 14.4x | 6.6x |
| Sun, 11 Dec 2022 | ฿49.8b | ฿7.6b | ฿3.5b | 12.3x | 14.2x | 6.5x |
Price to Earnings Ratio
14.2x
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 16.2x which is higher than its 3-year average PE of 14.0x.
- The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 17% per year over the last three years,
- Revenues have also declined 6.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Office REITs compare with similar industries?
| TH Market | 1.09% | |
| Real Estate | -0.0096% | |
| REITS | 0.93% | |
| Office REITs | -0.37% | |
| Diversified REITs | 0.93% | |
| Specialized REITs | 0.80% | |
| Retail REITs | -0.0092% | |
| Residential REITs | -0.31% | |
| Industrial REITs | -0.61% | |
| Hotel and Resort REITs | -1.98% | |
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 | |
|---|---|---|---|---|---|
| QHBREIT Quality Houses Leasehold Property Fund | ฿3.44 | 4.2% +฿111.6m | -27.4% | PB0.3x | |
| TPRIME Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust | ฿7.00 | 2.9% +฿109.5m | -11.4% | PB0.6x | |
| GVREIT Golden Ventures Leasehold Real Estate Investment Trust | ฿6.45 | 1.6% +฿81.5m | -6.5% | PB0.6x | |
| POPF Prime Office Leasehold Property Fund | ฿6.55 | 0.8% +฿24.1m | 4.8% | PB0.7x | |
| SSPF Sala @ Sathorn Property Fund | ฿3.22 | 3.9% +฿20.0m | -23.0% | PB0.3x |