Thai (SET) Retail REITs Industry Analysis

UpdatedMar 02, 2026

DataAggregated Company Financials

Companies7

7D2.6%
3M9.3%
1Y6.6%
YTD4.5%

Over the last 7 days, the Retail REITs industry has risen 2.6%, driven by gains from CPN Retail Growth Leasehold REIT of 4.3%. This means that the industry has gained 6.6% over the past year. Looking forward, earnings are forecast to decline by 2.6% 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
Mon, 02 Mar 2026	฿98.6b	฿15.4b	฿9.2b	8.2x	10.7x	6.4x
Wed, 28 Jan 2026	฿93.0b	฿12.7b	฿6.6b	7.5x	14.1x	7.3x
Fri, 26 Dec 2025	฿92.6b	฿12.7b	฿6.6b	7.3x	14x	7.3x
Sun, 23 Nov 2025	฿91.5b	฿12.7b	฿6.6b	7.3x	13.9x	7.2x
Tue, 21 Oct 2025	฿92.0b	฿12.3b	฿6.9b	9.5x	13.4x	7.5x
Thu, 18 Sep 2025	฿94.6b	฿12.3b	฿6.9b	9.7x	13.8x	7.7x
Sat, 16 Aug 2025	฿90.5b	฿12.3b	฿6.8b	9.9x	13.3x	7.4x
Mon, 14 Jul 2025	฿84.2b	฿11.9b	฿5.5b	9.9x	15.2x	7.1x
Wed, 11 Jun 2025	฿89.2b	฿11.9b	฿5.5b	10x	16.1x	7.5x
Fri, 09 May 2025	฿95.9b	฿11.6b	฿5.0b	11.7x	19.3x	8.3x
Sun, 06 Apr 2025	฿93.3b	฿11.1b	฿4.7b	11.6x	19.8x	8.4x
Tue, 04 Mar 2025	฿92.9b	฿13.9b	฿6.1b	11.7x	15.2x	6.7x
Thu, 30 Jan 2025	฿91.3b	฿13.7b	฿6.2b	11.6x	14.7x	6.6x
Sat, 28 Dec 2024	฿91.9b	฿13.7b	฿6.2b	12.5x	14.9x	6.7x
Mon, 25 Nov 2024	฿95.0b	฿13.7b	฿6.2b	13.3x	15.4x	6.9x
Wed, 23 Oct 2024	฿96.8b	฿13.8b	฿6.6b	11x	14.7x	7x
Fri, 20 Sep 2024	฿101.9b	฿13.8b	฿6.6b	11.3x	15.5x	7.4x
Sun, 18 Aug 2024	฿88.9b	฿13.8b	฿6.6b	11.7x	13.5x	6.5x
Tue, 16 Jul 2024	฿86.4b	฿13.7b	฿7.6b	11.1x	11.4x	6.3x
Thu, 13 Jun 2024	฿83.8b	฿13.7b	฿7.6b	10.7x	11x	6.1x
Sat, 11 May 2024	฿76.5b	฿13.5b	฿7.6b	8.6x	10.1x	5.7x
Mon, 08 Apr 2024	฿79.2b	฿13.5b	฿7.4b	8.6x	10.7x	5.9x
Wed, 06 Mar 2024	฿77.8b	฿13.5b	฿7.4b	9x	10.5x	5.8x
Fri, 02 Feb 2024	฿80.7b	฿13.2b	฿6.8b	10.3x	11.8x	6.1x
Sun, 31 Dec 2023	฿81.6b	฿13.1b	฿5.5b	10.4x	14.8x	6.2x
Tue, 28 Nov 2023	฿81.0b	฿13.1b	฿5.5b	10.3x	14.7x	6.2x
Thu, 26 Oct 2023	฿73.2b	฿12.8b	฿4.2b	12.4x	17.5x	5.7x
Sat, 23 Sep 2023	฿79.2b	฿12.7b	฿4.2b	13.2x	19.1x	6.2x
Mon, 21 Aug 2023	฿81.8b	฿12.7b	฿4.2b	13.5x	19.7x	6.4x
Wed, 19 Jul 2023	฿82.4b	฿12.3b	฿4.4b	14x	18.7x	6.7x
Fri, 16 Jun 2023	฿86.4b	฿12.3b	฿4.4b	14.7x	19.8x	7x
Sun, 14 May 2023	฿88.6b	฿11.8b	฿4.1b	15.1x	21.8x	7.5x
Tue, 11 Apr 2023	฿89.0b	฿11.7b	฿3.7b	15x	23.8x	7.6x

Price to Earnings Ratio

24.2x

Fri, 31 Mar 2023

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 10.7x which is lower than its 3-year average PE of 15.3x.

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 35% per year over the last three years.
Revenues for these companies have grown 9.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.