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Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT.BK)

THB12.20 +0.20 (+1.67%)
TH SET Real Estate REIT - Industrial
Address Sathorn City Tower 10120
Bangkok, TH
CEO Thanarat Boonyakosol
IPO 2015-01-09
ISIN TH6172010006

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Description

The Frasers Property Thailand Industrial Freehold & Leasehold REIT operates as a dedicated real estate investment trust. Its primary function involves the acquisition, management, and subsequent leasing or rental of various industrial properties, specifically encompassing factories and warehouse facilities. This entity was established on December 12, 2014, and maintains its principal place of business in Bangkok, Thailand.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB12.20 +0.20 (+1.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.41
Float Shares
2.13B
Free Float %
64.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.85% -1.69% +0.00% -4.13% +8.41% -1.69% +22.75% +5.55% -10.70% +12.29% +18.13%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
12.20
DCF (Unlevered) 53.74 +340.5%
DCF (Levered) 14.65 +20.1%
Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.69
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth REIT - Industrial: +6.4%
    +6.7% Q1'26: +7.2% (vs Q1'25)
  • EPS growth REIT - Industrial: +4.6%
    +45.2% Q1'26: -22.2% (vs Q1'25)
  • FCF margin REIT - Industrial: +8.2%
    +70.0% Q1'26: +76.1% (vs Q1'25)
  • EBIT margin REIT - Industrial: +55.8%
    +76.8% Q1'26: +71.9% (vs Q1'25)
  • ROIC REIT - Industrial: +5.7%
    +6.3% Q1'26: +6.3% (vs Q1'25)
  • Share dilution REIT - Industrial: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA REIT - Industrial: 4.47×
    4.60× Q1'26: 4.58× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.43) × ERP
WACC = 72% × Ke + 28% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 53.80 Current price: 12.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2015
actual
Sep 2016
actual
Sep 2017
actual
Sep 2018
actual
Sep 2019
actual
Sep 2020
actual
Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
2 Rev. Ana.
2 EPS Ana.
Sep 2027
2 Rev. Ana.
2 EPS Ana.
Sep 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
410.02M
est: 400.00M (+2.5%)
654.00M
est: 624.00M (+4.8%)
591.52M
est: 532.86M (+11.0%)
1.95B
est: 2.40B (-18.6%)
2.80B
est: 2.78B (+1.0%)
2.96B
est: 2.95B (+0.5%)
3.37B
est: 3.29B (+2.4%)
3.62B
est: 3.60B (+0.7%)
3.78B
est: 3.89B (-2.7%)
3.95B
est: 3.95B (+0.2%)
4.22B
est: 4.20B (+0.5%)
4.36B
4.30B – 4.42B
+3.8% YoY
4.36B
4.30B – 4.43B
+0.2% YoY
4.42B
4.36B – 4.48B
+1.2% YoY
EBITDA
324.98M
est: 312.70M (+3.9%)
410.54M
est: 487.81M (-15.8%)
459.36M
est: 416.57M (+10.3%)
1.56B
est: 1.88B (-16.9%)
2.12B
est: 2.17B (-2.4%)
2.41B
est: 2.30B (+4.8%)
2.74B
est: 2.57B (+6.5%)
2.88B
est: 2.81B (+2.4%)
2.90B
est: 3.00B (-3.5%)
2.84B
est: 3.05B (-6.8%)
3.24B
est: 3.24B (-0.1%)
3.37B
3.32B – 3.41B
+3.8% YoY
3.37B
3.32B – 3.42B
+0.2% YoY
3.41B
3.36B – 3.46B
+1.2% YoY
EBIT
198.69M
est: 254.07M (-21.8%)
562.22M
est: 396.35M (+41.9%)
443.88M
est: 338.46M (+31.1%)
1.21B
est: 1.52B (-20.6%)
2.12B
est: 1.76B (+20.2%)
1.51B
est: 1.87B (-19.4%)
2.52B
est: 2.09B (+20.6%)
2.77B
est: 2.29B (+21.1%)
2.89B
est: 3.44B (-15.9%)
2.84B
est: 3.50B (-18.7%)
3.24B
est: 3.72B (-12.9%)
3.86B
3.81B – 3.91B
+3.8% YoY
3.87B
3.81B – 3.92B
+0.2% YoY
3.91B
3.86B – 3.97B
+1.2% YoY
Net Income
160.26M
est: 4.51B (-96.5%)
488.01M
est: 2.94B (-83.4%)
226.85M
est: 1.61B (-85.9%)
3.01B
est: 2.30B (+31.3%)
1.85B
est: 2.32B (-20.2%)
812.40M
est: 1.38B (-41.3%)
2.15B
est: 2.34B (-8.2%)
2.41B
est: 2.59B (-6.9%)
2.85B
est: 2.71B (+5.1%)
2.40B
est: 2.51B (-4.3%)
3.46B
est: 3.45B (+0.5%)
3.03B
3.02B – 3.04B
-12.0% YoY
2.82B
2.79B – 2.85B
-7.1% YoY
2.82B
2.77B – 2.87B
+0.2% YoY
SGA
44.41M
est: 2.77M (+1,502.2%)
60.51M
est: 4.32M (+1,299.3%)
71.83M
est: 3.69M (+1,845.3%)
est: 16.62M (-100.0%)
44.92M
est: 19.24M (+133.5%)
19.57M
est: 20.41M (-4.1%)
22.23M
est: 22.82M (-2.6%)
22.08M
est: 24.94M (-11.5%)
37.97M
est: 24.74M (+53.5%)
20.96M
est: 25.14M (-16.6%)
16.04M
est: 26.74M (-40.0%)
27.75M
27.37M – 28.12M
+3.8% YoY
27.79M
27.40M – 28.19M
+0.2% YoY
28.13M
27.74M – 28.52M
+1.2% YoY
EPS
0.28
est: 1.38 (-79.6%)
0.86
est: 0.89 (-3.8%)
0.09
est: 0.49 (-82.4%)
1.16
est: 0.70 (+65.9%)
0.71
est: 0.71 (+0.7%)
0.29
est: 0.42 (-31.2%)
0.70
est: 0.71 (-1.9%)
0.79
est: 0.79 (+0.3%)
0.93
est: 0.83 (+12.5%)
0.73
est: 0.76 (-4.5%)
1.06
est: 1.06 (+0.0%)
0.92
0.92 – 0.93
-12.9% YoY
0.86
0.85 – 0.87
-7.1% YoY
0.86
0.84 – 0.88
+0.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-11 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-08 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-07 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-06 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-05 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-04-30 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-04-29 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-20 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-17 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-10 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
5.59B
OE per share TTM
1.70
Owner's Yield
14.42%
Maintenance CapEx ratio
59.61%
Maint CapEx / Avg PPE
887.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
Shares Outstanding
3.28B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bhumpharn Arunthammakul Vice President of Investment & IR of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. male
Namtip Panjan Vice President of Finance & Accounting of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. female
Peerapat Srisukont Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. male
Pornpimol Supawiratbancha Chief Financial Officer, Treasurer & CS of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. female
Thanarat Boonyakosol MD & Director of Frasers Property (Thailand) Public Company Limited male
Thanawat Lertsirarungsun Assistant Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. male
Tirakarn Thammasarangkoon Assistant Vice President of Asset Management female
Warisara Techakulwirote SVP of Investment Property of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. female
Weerayut Laovechprasit Vice President of Legal & Compliance of Frasers Property Industrial REIT Management (Thailand) Co., Ltd. male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits