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Thai (SET) Retail REITs Industry Analysis
UpdatedJan 02, 2026
DataAggregated Company Financials
Companies7
- 7D1.2%
- 3M2.4%
- 1Y0.9%
- YTDn/a
The Retail REITs industry is up 1.2% in the last week, with Axtra Future City Freehold And Leasehold Real Estate Investment Trust up 2.3%. Despite this gain, the industry's performance has been flat over the past year. 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, 02 Jan 2026 | ฿93.8b | ฿12.7b | ฿6.6b | 7.6x | 14.2x | 7.4x |
| Sun, 30 Nov 2025 | ฿90.4b | ฿12.7b | ฿6.6b | 7.3x | 13.7x | 7.1x |
| Tue, 28 Oct 2025 | ฿91.1b | ฿12.3b | ฿6.9b | 9.6x | 13.3x | 7.4x |
| Thu, 25 Sep 2025 | ฿92.1b | ฿12.3b | ฿6.9b | 9.7x | 13.4x | 7.5x |
| Sat, 23 Aug 2025 | ฿88.6b | ฿12.3b | ฿6.9b | 9.7x | 12.9x | 7.2x |
| Mon, 21 Jul 2025 | ฿89.3b | ฿11.9b | ฿5.5b | 9.8x | 16.1x | 7.5x |
| Wed, 18 Jun 2025 | ฿87.8b | ฿11.9b | ฿5.5b | 9.8x | 15.9x | 7.4x |
| Fri, 16 May 2025 | ฿95.0b | ฿11.6b | ฿5.0b | 11.6x | 18.9x | 8.2x |
| Sun, 13 Apr 2025 | ฿91.4b | ฿11.1b | ฿4.7b | 11.3x | 19.4x | 8.3x |
| Tue, 11 Mar 2025 | ฿92.7b | ฿13.1b | ฿5.8b | 11.7x | 16x | 7.1x |
| Thu, 06 Feb 2025 | ฿90.9b | ฿13.7b | ฿6.2b | 11.5x | 14.7x | 6.6x |
| Sat, 04 Jan 2025 | ฿91.1b | ฿13.7b | ฿6.2b | 12.1x | 14.7x | 6.6x |
| Mon, 02 Dec 2024 | ฿94.6b | ฿13.7b | ฿6.2b | 12.8x | 15.3x | 6.9x |
| Wed, 30 Oct 2024 | ฿95.8b | ฿13.8b | ฿6.6b | 11.4x | 14.6x | 7x |
| Fri, 27 Sep 2024 | ฿101.6b | ฿13.8b | ฿6.6b | 11.7x | 15.5x | 7.4x |
| Sun, 25 Aug 2024 | ฿89.4b | ฿13.8b | ฿6.6b | 11.6x | 13.6x | 6.5x |
| Tue, 23 Jul 2024 | ฿87.0b | ฿13.7b | ฿7.6b | 11.1x | 11.4x | 6.4x |
| Thu, 20 Jun 2024 | ฿82.6b | ฿13.7b | ฿7.6b | 10.4x | 10.8x | 6x |
| Sat, 18 May 2024 | ฿86.1b | ฿13.7b | ฿7.6b | 11.4x | 11.3x | 6.3x |
| Mon, 15 Apr 2024 | ฿79.5b | ฿13.5b | ฿7.4b | 8.7x | 10.7x | 5.9x |
| Wed, 13 Mar 2024 | ฿79.4b | ฿13.5b | ฿7.4b | 8.9x | 10.7x | 5.9x |
| Fri, 09 Feb 2024 | ฿80.5b | ฿13.2b | ฿6.8b | 10.5x | 11.8x | 6.1x |
| Sun, 07 Jan 2024 | ฿83.9b | ฿13.1b | ฿5.5b | 11x | 15.2x | 6.4x |
| Tue, 05 Dec 2023 | ฿78.4b | ฿13.1b | ฿5.5b | 9.9x | 14.2x | 6x |
| Thu, 02 Nov 2023 | ฿71.4b | ฿12.8b | ฿4.2b | 12.2x | 17.1x | 5.6x |
| Sat, 30 Sep 2023 | ฿77.8b | ฿12.7b | ฿4.2b | 13x | 18.7x | 6.1x |
| Mon, 28 Aug 2023 | ฿81.0b | ฿12.7b | ฿4.2b | 13.4x | 19.5x | 6.4x |
| Wed, 26 Jul 2023 | ฿81.4b | ฿12.3b | ฿4.4b | 14.3x | 18.5x | 6.6x |
| Fri, 23 Jun 2023 | ฿81.0b | ฿12.3b | ฿4.4b | 14.6x | 18.6x | 6.6x |
| Sun, 21 May 2023 | ฿89.0b | ฿12.3b | ฿4.4b | 15.2x | 20.4x | 7.2x |
| Tue, 18 Apr 2023 | ฿89.6b | ฿11.7b | ฿3.7b | 15.3x | 23.9x | 7.7x |
| Thu, 16 Mar 2023 | ฿85.4b | ฿11.7b | ฿3.7b | 14.4x | 22.8x | 7.3x |
| Sat, 11 Feb 2023 | ฿106.6b | ฿11.2b | ฿5.0b | 14.6x | 21.3x | 9.6x |
| Mon, 09 Jan 2023 | ฿105.3b | ฿11.1b | ฿6.3b | 15.1x | 16.7x | 9.5x |
Price to Earnings Ratio
16.7x
Current Industry PE
- Investors are pessimistic on the Thai Retail REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.2x which is lower than its 3-year average PE 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 | -0.40% | |
| Real Estate | -0.01% | |
| REITS | 0.23% | |
| Retail REITs | 1.25% | |
| Residential REITs | 5.00% | |
| Industrial REITs | 1.55% | |
| Office REITs | 1.06% | |
| Hotel and Resort REITs | 0.99% | |
| Diversified REITs | 0.23% | |
| Specialized REITs | -1.13% | |
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 | |
|---|---|---|---|---|---|
| AXTRART Axtra Future City Freehold And Leasehold Real Estate Investment Trust | ฿13.20 | 2.3% +฿701.2m | 12.8% | PB1.1x | |
| LHSC LH Shopping Centers Leasehold Real Estate Investment Trust | ฿12.80 | 4.1% +฿389.0m | 13.3% | PB1x | |
| ALLY Ally Freehold And Leasehold Real Estate Investment Trust | ฿4.36 | 1.4% +฿52.4m | -17.7% | PB0.4x | |
| MJLF Major Cineplex Lifestyle Leasehold Property Fund | ฿4.84 | 1.3% +฿19.8m | 14.7% | PB0.4x |