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Thai (SET) Retail REITs Industry Analysis
UpdatedJul 11, 2026
DataAggregated Company Financials
Companies7
- 7D1.0%
- 3M6.5%
- 1Y21.8%
- YTDn/a
The Retail REITs industry is up 1.0% in the last week, with CPN Retail Growth Leasehold REIT up 1.6%. In the last 12 months, the industry was up 22%. Looking forward, earnings are forecast to decline by 1.3% per year.
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 |
|---|---|---|---|---|---|---|
| Sat, 11 Jul 2026 | ฿102.5b | ฿15.7b | ฿8.9b | 9.3x | 11.5x | 6.5x |
| Mon, 08 Jun 2026 | ฿99.9b | ฿15.7b | ฿8.9b | 9x | 11.2x | 6.4x |
| Wed, 06 May 2026 | ฿98.4b | ฿15.4b | ฿9.2b | 8.3x | 10.7x | 6.4x |
| Fri, 03 Apr 2026 | ฿95.3b | ฿15.4b | ฿9.2b | 8x | 10.3x | 6.2x |
| Sun, 01 Mar 2026 | ฿98.6b | ฿12.9b | ฿6.5b | 8.5x | 15.1x | 7.6x |
| Tue, 27 Jan 2026 | ฿90.9b | ฿12.7b | ฿6.6b | 7.5x | 13.8x | 7.2x |
| Thu, 25 Dec 2025 | ฿92.6b | ฿12.7b | ฿6.6b | 7.3x | 14x | 7.3x |
| Sat, 22 Nov 2025 | ฿91.5b | ฿12.7b | ฿6.6b | 7.3x | 13.9x | 7.2x |
| Mon, 20 Oct 2025 | ฿92.0b | ฿12.3b | ฿6.9b | 9.5x | 13.4x | 7.5x |
| Wed, 17 Sep 2025 | ฿93.7b | ฿12.3b | ฿6.9b | 9.7x | 13.6x | 7.6x |
| Fri, 15 Aug 2025 | ฿90.2b | ฿12.2b | ฿5.6b | 9.8x | 16x | 7.4x |
| Sun, 13 Jul 2025 | ฿84.2b | ฿11.9b | ฿5.5b | 9.9x | 15.2x | 7.1x |
| Tue, 10 Jun 2025 | ฿89.6b | ฿11.9b | ฿5.5b | 10x | 16.2x | 7.5x |
| Thu, 08 May 2025 | ฿95.6b | ฿11.6b | ฿5.0b | 11.7x | 19.2x | 8.3x |
| Sat, 05 Apr 2025 | ฿93.3b | ฿11.1b | ฿4.7b | 11.6x | 19.8x | 8.4x |
| Mon, 03 Mar 2025 | ฿92.5b | ฿13.9b | ฿6.1b | 11.7x | 15.2x | 6.7x |
| Wed, 29 Jan 2025 | ฿90.8b | ฿13.7b | ฿6.2b | 11.6x | 14.7x | 6.6x |
| Fri, 27 Dec 2024 | ฿90.8b | ฿13.7b | ฿6.2b | 12.2x | 14.7x | 6.6x |
| Sun, 24 Nov 2024 | ฿95.0b | ฿13.7b | ฿6.2b | 13.3x | 15.4x | 6.9x |
| Tue, 22 Oct 2024 | ฿98.3b | ฿13.8b | ฿6.6b | 11.3x | 14.9x | 7.1x |
| Thu, 19 Sep 2024 | ฿99.0b | ฿13.8b | ฿6.6b | 11.2x | 15.1x | 7.2x |
| Sat, 17 Aug 2024 | ฿88.9b | ฿13.8b | ฿6.6b | 11.7x | 13.5x | 6.5x |
| Mon, 15 Jul 2024 | ฿86.5b | ฿13.7b | ฿7.6b | 11x | 11.4x | 6.3x |
| Wed, 12 Jun 2024 | ฿84.2b | ฿13.7b | ฿7.6b | 10.6x | 11.1x | 6.2x |
| Fri, 10 May 2024 | ฿77.5b | ฿13.5b | ฿7.6b | 8.6x | 10.2x | 5.7x |
| Sun, 07 Apr 2024 | ฿79.2b | ฿13.5b | ฿7.4b | 8.6x | 10.7x | 5.9x |
| Tue, 05 Mar 2024 | ฿78.6b | ฿13.5b | ฿7.4b | 9x | 10.6x | 5.8x |
| Thu, 01 Feb 2024 | ฿79.9b | ฿13.2b | ฿6.8b | 10.2x | 11.7x | 6.1x |
| Sat, 30 Dec 2023 | ฿81.6b | ฿13.1b | ฿5.5b | 10.4x | 14.8x | 6.2x |
| Mon, 27 Nov 2023 | ฿81.1b | ฿13.1b | ฿5.5b | 10.3x | 14.7x | 6.2x |
| Wed, 25 Oct 2023 | ฿72.2b | ฿12.8b | ฿4.2b | 12.4x | 17.3x | 5.6x |
| Fri, 22 Sep 2023 | ฿79.3b | ฿12.7b | ฿4.2b | 13.2x | 19.1x | 6.2x |
| Sun, 20 Aug 2023 | ฿81.8b | ฿12.7b | ฿4.2b | 13.5x | 19.7x | 6.4x |
| Tue, 18 Jul 2023 | ฿81.8b | ฿12.3b | ฿4.4b | 14x | 18.6x | 6.6x |
Price to Earnings Ratio
18.6x
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 11.5x which is lower than its 3-year average PE of 14.2x.
- The industry is trading close to its 3-year average PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 8.4% 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 | 0.65% | |
| Real Estate | 0.48% | |
| REITS | 2.05% | |
| Retail REITs | 1.00% | |
| Diversified REITs | 2.05% | |
| Industrial REITs | 1.43% | |
| Specialized REITs | 0.51% | |
| Hotel and Resort REITs | -0.0018% | |
| Residential REITs | -0.012% | |
| Office REITs | -0.37% | |
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 | ฿13.10 | 1.6% +฿724.2m | 24.8% | PB1.1x | |
| AXTRART Axtra Future City Freehold And Leasehold Real Estate Investment Trust | ฿13.10 | 0.8% +฿233.7m | 21.3% | PB1x | |
| ALLY Ally Freehold And Leasehold Real Estate Investment Trust | ฿5.05 | 2.2% +฿96.2m | 13.7% | PB0.5x | |
| FUTURERT Future City Leasehold Real Estate Investment Trust | ฿8.90 | 0.6% +฿26.5m | -2.7% | PB0.9x | |
| MJLF Major Cineplex Lifestyle Leasehold Property Fund | ฿5.70 | 0.9% +฿16.5m | 42.5% | PB0.5x |