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Thai (SET) Office REITs Industry Analysis
UpdatedOct 17, 2025
DataAggregated Company Financials
Companies14
- 7D-0.9%
- 3M3.5%
- 1Y-10.2%
- YTDn/a
In the last week, the Office REITs industry is flat overall, with Millionaire Property Fund standing out by going down 12%. Unfortunately though, the industry is down 10% over the past 12 months.
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 |
|---|---|---|---|---|---|---|
| Sat, 18 Oct 2025 | ฿32.6b | ฿6.5b | ฿2.5b | 10.3x | 13.2x | 5x |
| Mon, 15 Sep 2025 | ฿32.5b | ฿6.5b | ฿2.5b | 10.2x | 13.2x | 5x |
| Wed, 13 Aug 2025 | ฿31.9b | ฿6.6b | ฿2.2b | 13.3x | 14.2x | 4.8x |
| Fri, 11 Jul 2025 | ฿31.2b | ฿6.6b | ฿2.3b | 14.2x | 13.7x | 4.7x |
| Sun, 08 Jun 2025 | ฿32.1b | ฿6.6b | ฿2.3b | 15.1x | 14.1x | 4.9x |
| Tue, 06 May 2025 | ฿32.3b | ฿6.7b | ฿2.0b | 14.7x | 16x | 4.8x |
| Thu, 03 Apr 2025 | ฿32.5b | ฿6.7b | ฿2.0b | 15.3x | 16.1x | 4.8x |
| Sat, 01 Mar 2025 | ฿33.3b | ฿6.7b | ฿2.0b | 16.3x | 16.4x | 4.9x |
| Mon, 27 Jan 2025 | ฿35.3b | ฿8.0b | ฿2.5b | 10.2x | 14.1x | 4.4x |
| Wed, 25 Dec 2024 | ฿36.0b | ฿8.0b | ฿2.5b | 10x | 14.3x | 4.5x |
| Fri, 22 Nov 2024 | ฿34.7b | ฿8.1b | ฿2.6b | 10.2x | 13.2x | 4.3x |
| Sun, 20 Oct 2024 | ฿36.2b | ฿8.1b | ฿2.1b | 10.5x | 17.1x | 4.5x |
| Tue, 17 Sep 2024 | ฿33.1b | ฿7.9b | ฿2.0b | 10.5x | 16.3x | 4.2x |
| Thu, 15 Aug 2024 | ฿29.8b | ฿7.9b | ฿2.4b | 9.5x | 12.2x | 3.8x |
| Sat, 13 Jul 2024 | ฿29.5b | ฿7.9b | ฿1.9b | 15.3x | 15.4x | 3.7x |
| Mon, 10 Jun 2024 | ฿30.4b | ฿7.9b | ฿2.2b | 10.2x | 13.7x | 3.8x |
| Wed, 08 May 2024 | ฿31.6b | ฿7.9b | ฿2.4b | 10.1x | 13.1x | 4x |
| Fri, 05 Apr 2024 | ฿31.0b | ฿7.9b | ฿2.4b | 10.1x | 12.9x | 3.9x |
| Sun, 03 Mar 2024 | ฿32.8b | ฿7.9b | ฿2.4b | 10.2x | 13.6x | 4.1x |
| Tue, 30 Jan 2024 | ฿34.8b | ฿7.9b | ฿2.4b | 10.5x | 14.4x | 4.4x |
| Thu, 28 Dec 2023 | ฿33.3b | ฿7.9b | ฿2.4b | 10.2x | 13.8x | 4.2x |
| Sat, 25 Nov 2023 | ฿34.0b | ฿7.9b | ฿2.5b | 10.3x | 13.6x | 4.3x |
| Mon, 23 Oct 2023 | ฿33.6b | ฿7.8b | ฿3.2b | 10.2x | 10.7x | 4.3x |
| Wed, 20 Sep 2023 | ฿36.3b | ฿7.8b | ฿3.2b | 11.1x | 11.5x | 4.6x |
| Fri, 18 Aug 2023 | ฿41.0b | ฿6.9b | ฿2.8b | 11.6x | 14.7x | 5.9x |
| Sun, 16 Jul 2023 | ฿44.5b | ฿7.7b | ฿3.6b | 11.8x | 12.4x | 5.8x |
| Tue, 13 Jun 2023 | ฿47.3b | ฿7.7b | ฿3.6b | 11.9x | 13.2x | 6.1x |
| Thu, 11 May 2023 | ฿48.7b | ฿7.7b | ฿3.6b | 13.5x | 13.7x | 6.3x |
| Sat, 08 Apr 2023 | ฿48.7b | ฿7.7b | ฿3.6b | 13.3x | 13.5x | 6.3x |
| Mon, 06 Mar 2023 | ฿50.6b | ฿7.7b | ฿3.4b | 13x | 14.8x | 6.6x |
| Wed, 01 Feb 2023 | ฿51.6b | ฿7.6b | ฿3.5b | 13x | 14.8x | 6.8x |
| Fri, 30 Dec 2022 | ฿50.8b | ฿7.6b | ฿3.5b | 12.3x | 14.5x | 6.7x |
| Sun, 27 Nov 2022 | ฿50.2b | ฿7.6b | ฿3.5b | 12.3x | 14.3x | 6.6x |
| Tue, 25 Oct 2022 | ฿49.8b | ฿7.5b | ฿3.5b | 12.7x | 14x | 6.6x |
Price to Earnings Ratio
14x
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 14.0x.
- The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 11% per year over the last three years,
- Revenues have also declined 4.7% 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 | -1.77% | |
| Real Estate | -1.44% | |
| REITS | -1.04% | |
| Office REITs | -0.89% | |
| Residential REITs | 1.47% | |
| Industrial REITs | 0.63% | |
| Hotel and Resort REITs | 0.14% | |
| Specialized REITs | -0.20% | |
| Retail REITs | -0.46% | |
| Diversified REITs | -1.04% | |
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 | |
|---|---|---|---|---|---|
| CPTREIT C.P. Tower Leasehold Real Estate Investment Trust | ฿5.05 | 1.0% +฿48.4m | -8.2% | PB0.5x | |
| BOFFICE Bhiraj Office Leasehold Real Estate Investment Trust | ฿5.00 | 1.2% +฿44.3m | -2.9% | PB0.5x | |
| POPF Prime Office Leasehold Property Fund | ฿6.40 | 0.8% +฿24.1m | 1.6% | PB0.6x | |
| SPRIME S Prime Growth Leasehold Real Estate Investment Trust | ฿3.48 | 1.2% +฿17.9m | -18.3% | PB0.3x | |
| SSPF Sala @ Sathorn Property Fund | ฿3.72 | 2.8% +฿16.7m | -23.8% | PB0.3x |