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Thai (SET) Retail REITs Industry Analysis
UpdatedJun 06, 2026
DataAggregated Company Financials
Companies7
- 7D1.3%
- 3M5.0%
- 1Y8.9%
- YTD6.0%
Over the last 7 days, the Retail REITs industry has risen 1.3%, driven by gains from CPN Retail Growth Leasehold REIT of 1.6%. This takes the industry's 12 month performance to a gain of 8.9%. As for the next few years, earnings are forecast to decline by 1.1% 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 |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | ฿99.9b | ฿15.7b | ฿8.9b | 9x | 11.2x | 6.4x |
| Mon, 04 May 2026 | ฿97.8b | ฿15.4b | ฿9.2b | 8.3x | 10.6x | 6.3x |
| Wed, 01 Apr 2026 | ฿93.4b | ฿15.4b | ฿9.2b | 7.9x | 10.1x | 6.1x |
| Fri, 27 Feb 2026 | ฿98.1b | ฿12.7b | ฿6.6b | 8.4x | 14.9x | 7.7x |
| Sun, 25 Jan 2026 | ฿90.8b | ฿12.7b | ฿6.6b | 7.4x | 13.8x | 7.2x |
| Tue, 23 Dec 2025 | ฿90.9b | ฿12.7b | ฿6.6b | 7.2x | 13.8x | 7.2x |
| Thu, 20 Nov 2025 | ฿91.4b | ฿12.7b | ฿6.6b | 7.3x | 13.8x | 7.2x |
| Sat, 18 Oct 2025 | ฿92.0b | ฿12.3b | ฿6.9b | 9.5x | 13.4x | 7.5x |
| Mon, 15 Sep 2025 | ฿92.5b | ฿12.3b | ฿6.9b | 9.5x | 13.5x | 7.6x |
| 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 |
Price to Earnings Ratio
20.1x
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 11.2x which is lower than its 3-year average PE of 14.5x.
- 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 Trends
Which industries have driven the changes within the Thai Real Estate industry?
| TH Market | 0.90% | |
| Real Estate | 0.76% | |
| Retail REITs | 1.32% | |
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 | ฿12.70 | 1.6% +฿724.2m | 7.6% | PB1.1x | |
| AXTRART Axtra Future City Freehold And Leasehold Real Estate Investment Trust | ฿12.90 | 1.6% +฿467.5m | 9.3% | PB1x | |
| MJLF Major Cineplex Lifestyle Leasehold Property Fund | ฿5.85 | 6.4% +฿115.5m | 45.5% | PB0.5x | |
| ALLY Ally Freehold And Leasehold Real Estate Investment Trust | ฿4.72 | 0.4% +฿17.5m | 4.0% | PB0.5x |