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Thai (SET) Retail REITs Industry Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies7
- 7D0.4%
- 3M1.6%
- 1Y4.5%
- YTDn/a
Over the last 7 days, the Retail REITs industry has remained flat, although notably Axtra Future City Freehold And Leasehold Real Estate Investment Trust gained 3.1%. As for the the longer term, the industry is up 4.5% over the past 12 months. Looking forward, earnings are forecast to decline by 1.2% 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 |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | ฿99.3b | ฿15.7b | ฿8.9b | 9x | 11.1x | 6.3x |
| Fri, 24 Apr 2026 | ฿96.3b | ฿15.4b | ฿9.2b | 8.1x | 10.5x | 6.2x |
| Sun, 22 Mar 2026 | ฿94.2b | ฿15.4b | ฿9.2b | 8x | 10.2x | 6.1x |
| Tue, 17 Feb 2026 | ฿94.3b | ฿12.7b | ฿6.6b | 8x | 14.2x | 7.4x |
| Thu, 15 Jan 2026 | ฿92.6b | ฿12.7b | ฿6.6b | 7.6x | 14x | 7.3x |
| Sat, 13 Dec 2025 | ฿91.2b | ฿12.7b | ฿6.6b | 7.4x | 13.8x | 7.2x |
| Mon, 10 Nov 2025 | ฿92.4b | ฿12.3b | ฿6.9b | 9.5x | 13.4x | 7.5x |
| Wed, 08 Oct 2025 | ฿91.6b | ฿12.3b | ฿6.9b | 9.6x | 13.3x | 7.5x |
| Fri, 05 Sep 2025 | ฿87.5b | ฿12.3b | ฿6.9b | 9.4x | 12.7x | 7.1x |
| Sun, 03 Aug 2025 | ฿87.4b | ฿11.9b | ฿5.5b | 9.7x | 15.8x | 7.3x |
| Tue, 01 Jul 2025 | ฿86.3b | ฿11.9b | ฿5.5b | 9.8x | 15.6x | 7.2x |
| Thu, 29 May 2025 | ฿93.6b | ฿11.9b | ฿5.5b | 10.1x | 16.9x | 7.9x |
| Sat, 26 Apr 2025 | ฿93.1b | ฿11.6b | ฿5.0b | 11.7x | 18.7x | 8x |
| Mon, 24 Mar 2025 | ฿95.1b | ฿11.1b | ฿4.7b | 11.9x | 20.2x | 8.6x |
| Wed, 19 Feb 2025 | ฿91.6b | ฿13.7b | ฿6.0b | 11.6x | 15.3x | 6.7x |
| Fri, 17 Jan 2025 | ฿90.6b | ฿13.7b | ฿6.2b | 11.9x | 14.6x | 6.6x |
| Sun, 15 Dec 2024 | ฿65.4b | ฿10.8b | ฿4.0b | 12.4x | 16.5x | 6.1x |
| Tue, 12 Nov 2024 | ฿94.0b | ฿13.8b | ฿6.6b | 11.3x | 14.3x | 6.8x |
| Thu, 10 Oct 2024 | ฿97.1b | ฿13.8b | ฿6.6b | 11.6x | 14.7x | 7.1x |
| Sat, 07 Sep 2024 | ฿95.0b | ฿13.8b | ฿6.6b | 11.1x | 14.5x | 6.9x |
| Mon, 05 Aug 2024 | ฿87.2b | ฿13.7b | ฿7.6b | 11.4x | 11.5x | 6.4x |
| Wed, 03 Jul 2024 | ฿81.5b | ฿13.7b | ฿7.6b | 10.4x | 10.7x | 6x |
| Fri, 31 May 2024 | ฿85.2b | ฿13.7b | ฿7.6b | 10.9x | 11.2x | 6.2x |
| Sun, 28 Apr 2024 | ฿78.6b | ฿13.5b | ฿7.6b | 8.7x | 10.4x | 5.8x |
| Tue, 26 Mar 2024 | ฿78.6b | ฿13.5b | ฿7.4b | 8.8x | 10.6x | 5.8x |
| Thu, 22 Feb 2024 | ฿78.9b | ฿13.4b | ฿7.3b | 8.8x | 10.9x | 5.9x |
| Sat, 20 Jan 2024 | ฿80.7b | ฿13.2b | ฿6.8b | 10.4x | 11.8x | 6.1x |
| Mon, 18 Dec 2023 | ฿80.4b | ฿13.1b | ฿5.5b | 10.3x | 14.5x | 6.1x |
| Wed, 15 Nov 2023 | ฿76.4b | ฿12.9b | ฿4.3b | 12.4x | 17.8x | 5.9x |
| Fri, 13 Oct 2023 | ฿75.5b | ฿12.8b | ฿4.2b | 12.6x | 18.1x | 5.9x |
| Sun, 10 Sep 2023 | ฿81.4b | ฿12.7b | ฿4.2b | 13.4x | 19.6x | 6.4x |
| Tue, 08 Aug 2023 | ฿82.4b | ฿12.3b | ฿4.4b | 14.4x | 18.7x | 6.7x |
| Thu, 06 Jul 2023 | ฿82.4b | ฿12.3b | ฿4.4b | 14.4x | 18.9x | 6.7x |
| Sat, 03 Jun 2023 | ฿88.4b | ฿12.3b | ฿4.4b | 14.9x | 20.3x | 7.2x |
Price to Earnings Ratio
20.3x
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 11.1x which is lower than its 3-year average PE of 14.6x.
- The industry is trading close to its 3-year average PS ratio of 6.8x.
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 8.5% 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 | 2.43% | |
| Real Estate | 1.66% | |
| REITS | -1.22% | |
| Retail REITs | 0.42% | |
| Industrial REITs | 2.81% | |
| Residential REITs | 1.58% | |
| Specialized REITs | 0.75% | |
| Hotel and Resort REITs | 0.21% | |
| Office REITs | -0.083% | |
| Diversified REITs | -1.22% | |
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 | ฿12.90 | 1.6% +฿467.5m | 4.9% | PB1x | |
| LHSC LH Shopping Centers Leasehold Real Estate Investment Trust | ฿14.60 | 0.7% +฿77.8m | 23.7% | PB1.1x | |
| MJLF Major Cineplex Lifestyle Leasehold Property Fund | ฿5.45 | 3.8% +฿66.0m | 28.5% | PB0.5x |