Thai (SET) Retail REITs Industry Analysis

UpdatedJan 16, 2026

DataAggregated Company Financials

Companies7

7D-4.3%
3M-1.2%
1Y-3.3%
YTD-3.6%

Over the last 7 days, the Retail REITs industry has dropped 2.8%, driven by Axtra Future City Freehold And Leasehold Real Estate Investment Trust declining 7.5%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 16% annually.

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, 16 Jan 2026	฿90.9b	฿12.7b	฿6.6b	7.4x	13.8x	7.2x
Sun, 14 Dec 2025	฿91.2b	฿12.7b	฿6.6b	7.4x	13.8x	7.2x
Tue, 11 Nov 2025	฿92.5b	฿12.3b	฿6.9b	9.5x	13.5x	7.5x
Thu, 09 Oct 2025	฿92.4b	฿12.3b	฿6.9b	9.6x	13.5x	7.5x
Sat, 06 Sep 2025	฿87.5b	฿12.3b	฿6.9b	9.4x	12.7x	7.1x
Mon, 04 Aug 2025	฿87.4b	฿11.9b	฿5.5b	9.7x	15.8x	7.3x
Wed, 02 Jul 2025	฿86.3b	฿11.9b	฿5.5b	9.8x	15.6x	7.2x
Fri, 30 May 2025	฿94.0b	฿11.9b	฿5.5b	10x	17x	7.9x
Sun, 27 Apr 2025	฿93.1b	฿11.6b	฿5.0b	11.7x	18.7x	8x
Tue, 25 Mar 2025	฿94.3b	฿11.1b	฿4.7b	11.9x	20x	8.5x
Thu, 20 Feb 2025	฿91.6b	฿13.7b	฿6.0b	11.6x	15.3x	6.7x
Sat, 18 Jan 2025	฿90.1b	฿13.7b	฿6.2b	11.7x	14.6x	6.6x
Mon, 16 Dec 2024	฿65.4b	฿10.8b	฿4.0b	12.4x	16.5x	6.1x
Wed, 13 Nov 2024	฿93.2b	฿13.8b	฿6.6b	11.1x	14.2x	6.8x
Fri, 11 Oct 2024	฿98.5b	฿13.8b	฿6.6b	11.6x	15x	7.2x
Sun, 08 Sep 2024	฿95.0b	฿13.8b	฿6.6b	11.1x	14.5x	6.9x
Tue, 06 Aug 2024	฿88.0b	฿13.7b	฿7.6b	11.3x	11.6x	6.4x
Thu, 04 Jul 2024	฿81.4b	฿13.7b	฿7.6b	10.4x	10.7x	6x
Sat, 01 Jun 2024	฿85.4b	฿13.7b	฿7.6b	10.9x	11.2x	6.2x
Mon, 29 Apr 2024	฿78.6b	฿13.5b	฿7.6b	8.7x	10.4x	5.8x
Wed, 27 Mar 2024	฿78.4b	฿13.5b	฿7.4b	8.7x	10.6x	5.8x
Fri, 23 Feb 2024	฿78.4b	฿13.4b	฿7.3b	8.9x	10.8x	5.8x
Sun, 21 Jan 2024	฿80.7b	฿13.2b	฿6.8b	10.4x	11.8x	6.1x
Tue, 19 Dec 2023	฿79.9b	฿13.1b	฿5.5b	10.3x	14.5x	6.1x
Thu, 16 Nov 2023	฿77.6b	฿12.9b	฿4.3b	12.7x	18.1x	6x
Sat, 14 Oct 2023	฿75.5b	฿12.8b	฿4.2b	12.6x	18.1x	5.9x
Mon, 11 Sep 2023	฿81.4b	฿12.7b	฿4.2b	13.4x	19.6x	6.4x
Wed, 09 Aug 2023	฿81.4b	฿12.3b	฿4.4b	14.1x	18.5x	6.6x
Fri, 07 Jul 2023	฿82.2b	฿12.3b	฿4.4b	14.3x	18.8x	6.7x
Sun, 04 Jun 2023	฿88.4b	฿12.3b	฿4.4b	14.9x	20.3x	7.2x
Tue, 02 May 2023	฿87.8b	฿11.8b	฿4.1b	15.1x	21.4x	7.5x
Thu, 30 Mar 2023	฿90.1b	฿11.7b	฿3.7b	15.1x	24.1x	7.7x

Price to Earnings Ratio

24.1x

Thu, 30 Mar 2023

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 15.4x.

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 21% per year over the last three years.
Revenues for these companies have grown 2.8% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.