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Thai (SET) Office REITs Industry Analysis
UpdatedJul 06, 2026
DataAggregated Company Financials
Companies14
- 7D2.0%
- 3M11.5%
- 1Y21.5%
- YTDn/a
Over the last 7 days, the Office REITs industry has risen 2.0%, and Golden Ventures Leasehold Real Estate Investment Trust contributed the most with a gain of 2.7%. This means that the industry has gained 22% over the past year.
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 |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | ฿39.3b | ฿7.4b | ฿2.5b | 11.3x | 15.9x | 5.3x |
| Thu, 04 Jun 2026 | ฿36.4b | ฿7.4b | ฿2.5b | 10.2x | 14.8x | 4.9x |
| Sat, 02 May 2026 | ฿35.4b | ฿7.4b | ฿2.2b | 10.8x | 15.7x | 4.8x |
| Mon, 30 Mar 2026 | ฿33.9b | ฿7.4b | ฿2.2b | 10.4x | 15.1x | 4.6x |
| Wed, 25 Feb 2026 | ฿34.5b | ฿7.4b | ฿2.0b | 10.1x | 17.2x | 4.6x |
| Fri, 23 Jan 2026 | ฿33.5b | ฿6.3b | ฿1.6b | 10.1x | 20.6x | 5.3x |
| Sun, 21 Dec 2025 | ฿32.9b | ฿6.3b | ฿1.6b | 10.2x | 20.2x | 5.2x |
| Tue, 18 Nov 2025 | ฿32.4b | ฿6.4b | ฿2.3b | 10.4x | 13.9x | 5.1x |
| Thu, 16 Oct 2025 | ฿32.5b | ฿6.5b | ฿2.5b | 10.3x | 13.2x | 5x |
| Sat, 13 Sep 2025 | ฿32.5b | ฿6.5b | ฿2.5b | 10.2x | 13.2x | 5x |
| Mon, 11 Aug 2025 | ฿31.9b | ฿6.6b | ฿2.2b | 13.3x | 14.2x | 4.8x |
| Wed, 09 Jul 2025 | ฿31.1b | ฿6.6b | ฿2.3b | 14.1x | 13.7x | 4.7x |
| Fri, 06 Jun 2025 | ฿32.0b | ฿6.6b | ฿2.3b | 14.4x | 14x | 4.8x |
| Sun, 04 May 2025 | ฿32.3b | ฿6.7b | ฿2.0b | 14.7x | 16x | 4.8x |
| Tue, 01 Apr 2025 | ฿32.4b | ฿6.7b | ฿2.0b | 15.3x | 16x | 4.8x |
| Thu, 27 Feb 2025 | ฿33.0b | ฿6.8b | ฿2.0b | 11.6x | 16.7x | 4.8x |
| Sat, 25 Jan 2025 | ฿35.3b | ฿8.0b | ฿2.5b | 10.2x | 14.1x | 4.4x |
| Mon, 23 Dec 2024 | ฿35.6b | ฿8.0b | ฿2.5b | 10.1x | 14.2x | 4.5x |
| Wed, 20 Nov 2024 | ฿35.0b | ฿8.1b | ฿2.6b | 10.2x | 13.4x | 4.3x |
| Fri, 18 Oct 2024 | ฿36.1b | ฿8.1b | ฿2.1b | 10.5x | 17x | 4.4x |
| Sun, 15 Sep 2024 | ฿32.0b | ฿7.9b | ฿2.0b | 9.9x | 15.7x | 4.1x |
| Tue, 13 Aug 2024 | ฿30.1b | ฿7.9b | ฿2.2b | 10.1x | 13.9x | 3.8x |
| Thu, 11 Jul 2024 | ฿29.3b | ฿7.9b | ฿1.9b | 15x | 15.3x | 3.7x |
| Sat, 08 Jun 2024 | ฿30.4b | ฿7.9b | ฿2.2b | 10.2x | 13.7x | 3.8x |
| Mon, 06 May 2024 | ฿31.5b | ฿7.9b | ฿2.4b | 10.1x | 13.1x | 4x |
| Wed, 03 Apr 2024 | ฿31.3b | ฿7.9b | ฿2.4b | 10.1x | 13x | 3.9x |
| Fri, 01 Mar 2024 | ฿32.9b | ฿7.9b | ฿2.4b | 10.2x | 13.6x | 4.2x |
| Sun, 28 Jan 2024 | ฿34.6b | ฿7.9b | ฿2.4b | 10.7x | 14.3x | 4.4x |
| Tue, 26 Dec 2023 | ฿33.1b | ฿7.9b | ฿2.4b | 10.1x | 13.7x | 4.2x |
| Thu, 23 Nov 2023 | ฿34.3b | ฿7.9b | ฿2.5b | 10.4x | 13.8x | 4.3x |
| Sat, 21 Oct 2023 | ฿33.6b | ฿7.8b | ฿3.2b | 10.2x | 10.7x | 4.3x |
| Mon, 18 Sep 2023 | ฿37.1b | ฿7.8b | ฿3.2b | 11.2x | 11.7x | 4.7x |
| Wed, 16 Aug 2023 | ฿41.5b | ฿7.8b | ฿3.2b | 12.2x | 13.1x | 5.3x |
| Fri, 14 Jul 2023 | ฿44.3b | ฿7.7b | ฿3.6b | 11.8x | 12.4x | 5.8x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are relatively neutral on the Thai Office 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 14.7x.
- The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.3x.
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 | 4.46% | |
| Real Estate | 2.35% | |
| REITS | 1.75% | |
| Office REITs | 1.99% | |
| Hotel and Resort REITs | 3.66% | |
| Diversified REITs | 1.75% | |
| Specialized REITs | 1.61% | |
| Industrial REITs | 1.58% | |
| Retail REITs | 1.30% | |
| Residential REITs | 0.42% | |
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 | |
|---|---|---|---|---|---|
| GVREIT Golden Ventures Leasehold Real Estate Investment Trust | ฿7.70 | 2.7% +฿163.0m | 19.4% | PB0.8x | |
| BOFFICE Bhiraj Office Leasehold Real Estate Investment Trust | ฿5.50 | 3.8% +฿147.6m | 16.5% | PB0.6x | |
| TPRIME Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust | ฿7.75 | 3.3% +฿136.9m | 22.0% | PB0.6x | |
| POPF Prime Office Leasehold Property Fund | ฿8.35 | 1.8% +฿93.2m | 49.1% | PB1.1x | |
| CPTREIT C.P. Tower Leasehold Real Estate Investment Trust | ฿6.55 | 0.8% +฿48.4m | 42.4% | PB0.7x |