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Thai (SET) Retail REITs Industry Analysis
UpdatedAug 13, 2025
DataAggregated Company Financials
Companies7
- 7D-0.3%
- 3M-4.9%
- 1Y-3.3%
- YTDn/a
In the last week, Retail REITs has been flat. Unfortunately though, the industry is down 3.3% over the past 12 months. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Wed, 13 Aug 2025 | ฿90.3b | ฿11.9b | ฿5.5b | 10x | 16.3x | 7.6x |
| Fri, 11 Jul 2025 | ฿84.7b | ฿11.9b | ฿5.5b | 9.8x | 15.3x | 7.1x |
| Sun, 08 Jun 2025 | ฿91.7b | ฿11.9b | ฿5.5b | 10x | 16.6x | 7.7x |
| Tue, 06 May 2025 | ฿94.1b | ฿11.6b | ฿5.0b | 11.7x | 18.9x | 8.1x |
| Thu, 03 Apr 2025 | ฿93.7b | ฿11.1b | ฿4.7b | 11.7x | 19.9x | 8.5x |
| Sat, 01 Mar 2025 | ฿92.5b | ฿13.7b | ฿6.1b | 11.9x | 15.3x | 6.7x |
| Mon, 27 Jan 2025 | ฿89.1b | ฿13.7b | ฿6.2b | 11.4x | 14.4x | 6.5x |
| Wed, 25 Dec 2024 | ฿91.2b | ฿13.7b | ฿6.2b | 12.2x | 14.7x | 6.6x |
| Fri, 22 Nov 2024 | ฿93.9b | ฿13.7b | ฿6.2b | 13.3x | 15.2x | 6.8x |
| Sun, 20 Oct 2024 | ฿98.8b | ฿13.8b | ฿6.6b | 11.3x | 15x | 7.2x |
| Tue, 17 Sep 2024 | ฿96.7b | ฿13.8b | ฿6.6b | 11.1x | 14.7x | 7x |
| Thu, 15 Aug 2024 | ฿91.3b | ฿13.7b | ฿7.7b | 11.6x | 11.9x | 6.7x |
| Sat, 13 Jul 2024 | ฿86.5b | ฿13.7b | ฿7.6b | 11x | 11.4x | 6.3x |
| Mon, 10 Jun 2024 | ฿84.6b | ฿13.7b | ฿7.6b | 10.7x | 11.1x | 6.2x |
| Wed, 08 May 2024 | ฿78.4b | ฿13.5b | ฿7.6b | 8.6x | 10.4x | 5.8x |
| Fri, 05 Apr 2024 | ฿79.3b | ฿13.5b | ฿7.4b | 8.6x | 10.7x | 5.9x |
| Sun, 03 Mar 2024 | ฿78.5b | ฿13.5b | ฿7.4b | 9x | 10.6x | 5.8x |
| Tue, 30 Jan 2024 | ฿80.2b | ฿13.2b | ฿6.8b | 10.2x | 11.8x | 6.1x |
| Thu, 28 Dec 2023 | ฿81.5b | ฿13.1b | ฿5.5b | 10.4x | 14.7x | 6.2x |
| Sat, 25 Nov 2023 | ฿81.1b | ฿13.1b | ฿5.5b | 10.3x | 14.7x | 6.2x |
| Mon, 23 Oct 2023 | ฿73.1b | ฿12.8b | ฿4.2b | 12.4x | 17.5x | 5.7x |
| Wed, 20 Sep 2023 | ฿79.2b | ฿12.7b | ฿4.2b | 13.2x | 19.1x | 6.2x |
| Fri, 18 Aug 2023 | ฿82.1b | ฿12.7b | ฿4.2b | 13.5x | 19.8x | 6.4x |
| Sun, 16 Jul 2023 | ฿82.2b | ฿12.3b | ฿4.4b | 14.1x | 18.7x | 6.7x |
| Tue, 13 Jun 2023 | ฿87.9b | ฿12.3b | ฿4.4b | 14.9x | 20.1x | 7.2x |
| Thu, 11 May 2023 | ฿87.9b | ฿11.8b | ฿4.1b | 15x | 21.4x | 7.5x |
| Sat, 08 Apr 2023 | ฿89.0b | ฿11.7b | ฿3.7b | 15.1x | 23.8x | 7.6x |
| Mon, 06 Mar 2023 | ฿95.1b | ฿11.6b | ฿3.7b | 16.3x | 25.7x | 8.2x |
| Wed, 01 Feb 2023 | ฿109.3b | ฿11.2b | ฿5.0b | 15x | 21.9x | 9.8x |
| Fri, 30 Dec 2022 | ฿104.9b | ฿11.1b | ฿6.3b | 15.1x | 16.6x | 9.5x |
| Sun, 27 Nov 2022 | ฿102.0b | ฿11.1b | ฿6.3b | 14.7x | 16.2x | 9.2x |
| Tue, 25 Oct 2022 | ฿103.4b | ฿9.9b | ฿4.9b | 15.8x | 21.2x | 10.5x |
| Thu, 22 Sep 2022 | ฿107.1b | ฿9.7b | ฿4.7b | 16x | 22.8x | 11x |
| Sat, 20 Aug 2022 | ฿107.7b | ฿9.7b | ฿4.7b | 15.9x | 22.9x | 11.1x |
Price to Earnings Ratio
22.9x
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 16.8x.
- The industry is trading close to its 3-year average PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have grown 5.6% per year over the last three years.
- Revenues for these companies have grown 7.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Thai Retail REITs compare with similar industries?
| TH Market | -0.47% | |
| Real Estate | -0.49% | |
| REITS | -0.29% | |
| Retail REITs | -0.34% | |
| Specialized REITs | 1.31% | |
| Office REITs | -0.16% | |
| Diversified REITs | -0.29% | |
| Industrial REITs | -0.39% | |
| Residential REITs | -0.40% | |
| Hotel and Resort REITs | -0.73% | |
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 | ฿11.80 | 1.7% +฿724.2m | 1.7% | PB1x | |
| AXTRART Axtra Future City Freehold And Leasehold Real Estate Investment Trust | ฿12.00 | 1.7% +฿467.5m | -7.7% | PB1x | |
| LHSC LH Shopping Centers Leasehold Real Estate Investment Trust | ฿11.60 | 1.8% +฿155.6m | 16.6% | PB1x | |
| FUTURERT Future City Leasehold Real Estate Investment Trust | ฿9.35 | 0.5% +฿26.5m | n/a | PB0.9x | |
| MJLF Major Cineplex Lifestyle Leasehold Property Fund | ฿4.28 | 1.9% +฿26.4m | 12.6% | PB0.4x |