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Thai (SET) Retail REITs Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies7
- 7D1.3%
- 3M3.3%
- 1Y0.8%
- YTDn/a
Over the last 7 days, the Retail REITs industry has risen 1.6%, driven by gains from CPN Retail Growth Leasehold REIT of 1.8%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Thai Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | ฿95.0b | ฿12.7b | ฿6.6b | 7.7x | 14.4x | 7.5x |
| Sun, 07 Dec 2025 | ฿90.0b | ฿12.7b | ฿6.6b | 7.3x | 13.6x | 7.1x |
| Tue, 04 Nov 2025 | ฿91.3b | ฿12.3b | ฿6.9b | 9.5x | 13.3x | 7.4x |
| Thu, 02 Oct 2025 | ฿92.3b | ฿12.3b | ฿6.9b | 9.7x | 13.4x | 7.5x |
| Sat, 30 Aug 2025 | ฿86.8b | ฿12.3b | ฿6.9b | 9.4x | 12.6x | 7.1x |
| Mon, 28 Jul 2025 | ฿89.6b | ฿11.9b | ฿5.5b | 9.8x | 16.2x | 7.5x |
| Wed, 25 Jun 2025 | ฿83.8b | ฿11.9b | ฿5.5b | 9.8x | 15.1x | 7x |
| Fri, 23 May 2025 | ฿94.5b | ฿11.9b | ฿5.5b | 10.6x | 17.1x | 7.9x |
| Sun, 20 Apr 2025 | ฿91.9b | ฿11.1b | ฿4.7b | 11.5x | 19.5x | 8.3x |
| Tue, 18 Mar 2025 | ฿93.0b | ฿11.1b | ฿4.7b | 11.7x | 19.7x | 8.4x |
| Thu, 13 Feb 2025 | ฿91.2b | ฿13.7b | ฿6.2b | 11.9x | 14.7x | 6.6x |
| Sat, 11 Jan 2025 | ฿91.3b | ฿13.7b | ฿6.2b | 11.9x | 14.8x | 6.6x |
| Mon, 09 Dec 2024 | ฿95.7b | ฿13.7b | ฿6.2b | 12.7x | 15.5x | 7x |
| Wed, 06 Nov 2024 | ฿95.6b | ฿13.8b | ฿6.6b | 11.4x | 14.5x | 6.9x |
| Fri, 04 Oct 2024 | ฿99.2b | ฿13.8b | ฿6.6b | 11.8x | 15.1x | 7.2x |
| Sun, 01 Sep 2024 | ฿91.5b | ฿13.8b | ฿6.6b | 11.2x | 13.9x | 6.6x |
| Tue, 30 Jul 2024 | ฿86.6b | ฿13.7b | ฿7.6b | 11x | 11.4x | 6.3x |
| Thu, 27 Jun 2024 | ฿82.2b | ฿13.7b | ฿7.6b | 10.4x | 10.8x | 6x |
| Sat, 25 May 2024 | ฿86.3b | ฿13.7b | ฿7.6b | 11x | 11.3x | 6.3x |
| Mon, 22 Apr 2024 | ฿78.3b | ฿13.5b | ฿7.4b | 8.7x | 10.6x | 5.8x |
| Wed, 20 Mar 2024 | ฿80.7b | ฿13.5b | ฿7.4b | 9x | 10.9x | 6x |
| Fri, 16 Feb 2024 | ฿79.6b | ฿13.2b | ฿6.8b | 10.4x | 11.7x | 6x |
| Sun, 14 Jan 2024 | ฿81.4b | ฿13.1b | ฿5.5b | 10.4x | 14.7x | 6.2x |
| Tue, 12 Dec 2023 | ฿78.9b | ฿13.1b | ฿5.5b | 10.1x | 14.3x | 6x |
| Thu, 09 Nov 2023 | ฿75.5b | ฿12.8b | ฿4.2b | 12.6x | 18.1x | 5.9x |
| Sat, 07 Oct 2023 | ฿75.5b | ฿12.7b | ฿4.2b | 12.7x | 18.2x | 5.9x |
| Mon, 04 Sep 2023 | ฿81.8b | ฿12.7b | ฿4.2b | 13.5x | 19.7x | 6.4x |
| Wed, 02 Aug 2023 | ฿81.9b | ฿12.3b | ฿4.4b | 14x | 18.6x | 6.6x |
| Fri, 30 Jun 2023 | ฿82.1b | ฿12.3b | ฿4.4b | 14.5x | 18.8x | 6.7x |
| Sun, 28 May 2023 | ฿88.4b | ฿12.3b | ฿4.4b | 15x | 20.3x | 7.2x |
| Tue, 25 Apr 2023 | ฿88.2b | ฿11.7b | ฿3.7b | 15x | 23.6x | 7.5x |
| Thu, 23 Mar 2023 | ฿88.3b | ฿11.7b | ฿3.7b | 15x | 23.6x | 7.6x |
| Sat, 18 Feb 2023 | ฿105.7b | ฿11.2b | ฿5.0b | 14.6x | 21.2x | 9.5x |
| Mon, 16 Jan 2023 | ฿105.6b | ฿11.1b | ฿6.3b | 15.1x | 16.7x | 9.5x |
Price to Earnings Ratio
16.7x
Current Industry PE
- Investors are relatively neutral on the Thai Retail 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 15.9x.
- The industry is trading close to its 3-year average PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Thai Retail REITs compare with similar industries?
| TH Market | -0.51% | |
| Real Estate | 0.92% | |
| REITS | 0.99% | |
| Retail REITs | 1.29% | |
| Hotel and Resort REITs | 1.38% | |
| Diversified REITs | 0.99% | |
| Office REITs | 0.33% | |
| Industrial REITs | 0.27% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | -5.23% | |
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 | |
|---|---|---|---|---|---|
| CPNREIT CPN Retail Growth Leasehold REIT | ฿11.50 | 1.8% +฿724.2m | -5.0% | PB1x | |
| AXTRART Axtra Future City Freehold And Leasehold Real Estate Investment Trust | ฿13.30 | 0.8% +฿233.7m | 13.7% | PB1.1x | |
| LHSC LH Shopping Centers Leasehold Real Estate Investment Trust | ฿13.00 | 1.6% +฿155.6m | 15.0% | PB1x | |
| ALLY Ally Freehold And Leasehold Real Estate Investment Trust | ฿4.46 | 2.3% +฿87.4m | -16.6% | PB0.5x | |
| MJLF Major Cineplex Lifestyle Leasehold Property Fund | ฿4.94 | 2.1% +฿33.0m | 17.6% | PB0.4x |