Valuation: Bhiraj Office Leasehold Real Estate Investment Trust

Market Cap 3.91B 118M 102M 96.54M 87.91M 165M 11.26B 165M 1.16B 446M 5.74B 442M 432M 18.51B P/E 2024
8.03x
P/E 2025 9.73x
Enterprise Value 5.51B 166M 144M 136M 124M 232M 15.86B 232M 1.63B 627M 8.08B 622M 608M 26.07B EV / Sales 2024
5.93x
EV / Sales 2025 6.06x
Free-Float
52.87%
Yield 2024
12.5%
Yield 2025 11.9%
08-14 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026 CI
05-13 Bhiraj Office Leasehold Real Estate Investment Trust Approves Dividend for the Period from 1 January 2026 to 31 March 2026, Payable on 13 June 2026 CI
05-13 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2026 CI
02-26 Bhiraj Office Leasehold Real Estate Investment Trust Approves Dividend for the Period from 1 October 2025 to 31 December 2025, Payable on 13 March 2026 CI
02-26 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2025 CI
11-12 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025 CI
11-12 Bhiraj Office Leasehold Real Estate Investment Trust Approves Interim Dividend Payment for the Operating Period from 1 July 2025 to 30 September 2025, Payable on 12 December 2025 CI
08/08/25 Bhiraj Office Leasehold Real Estate Investment Trust Approves Interim Dividend from the Operating Results Period from 1 April 2025 to 30 June 2025, Payable on 22 August 2025 CI
08/08/25 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025 CI
14/05/25 Bhiraj Office Leasehold Real Estate Investment Trust Posts Qtrly Net Investment Income 127.9 Million Baht RE
14/05/25 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2025 CI
14/05/25 Bhiraj Office Leasehold Real Estate Investment Trust Approves Interim Dividend for the Period from January 1, 2025 to March 31, 2025, Payable on May 30, 2025 CI
02/04/25 Bhiraj Office Leasehold Real Estate Investment Trust Says No Significant Damage To Buildings After The Earthquake RE
1 week+0.96%
Current month+0.96%
3 months-0.94%
6 months+0.96%
Current year+3.96%
1 week 5.2
Extreme 5.2
5.25
1 month 5.1
Extreme 5.1
5.25
Current year 4.98
Extreme 4.98
5.75
1 year 4.82
Extreme 4.82
5.75
3 years 4.26
Extreme 4.26
5.75
5 years 4.26
Extreme 4.26
12
10 years 4.26
Extreme 4.26
17.6
Manager TitleAgeSince
Chief Executive Officer - 23/02/2024
Director TitleAgeSince
Chairman - 28/06/2017
Date Insider Type Main position Quantity % Market Cap. Importance
21/05/26 Buy

Chairman

51,500 0.0070%
20/05/26 Buy

Chairman

88,900 0.0120%
20/05/26 Buy

Chairman

88,900 0.0120%
Change 5-day change 1-year change 3-year change Capi.($)
0.00%+0.96%+5.00%-3.67% 116M
-0.33%+0.16%-15.47%+6.02% 10.24B
-0.65%-0.41%-13.86%+0.16% 6.82B
-0.96%-0.70%-11.54%-4.78% 5.25B
-0.03%+2.32%-0.91%+37.90% 4.72B
-0.48%-0.02%+8.44%+44.62% 4.34B
+0.54%-0.36%-22.85%-22.21% 4.22B
+0.10%+0.26%-21.99%+6.33% 4.02B
+0.32%+0.10%+14.34%+45.04% 3.9B
+1.16%+0.46% - - 3.87B
Average -0.04%+0.04%-6.54%+12.16% 4.75B
Weighted average by Cap. -0.15%-0.10%-9.38%+11.86%

Financials

2024 2025
Net sales 896M 26.93M 23.48M 22.11M 20.14M 37.76M 2.58B 37.81M 265M 102M 1.31B 101M 98.92M 4.24B 878M 26.38M 23M 21.67M 19.73M 36.99M 2.53B 37.04M 259M 100M 1.29B 99.11M 96.91M 4.15B
Net income 464M 13.96M 12.17M 11.46M 10.44M 19.57M 1.34B 19.59M 137M 52.9M 681M 52.43M 51.27M 2.2B 383M 11.52M 10.04M 9.46M 8.61M 16.15M 1.1B 16.17M 113M 43.65M 562M 43.26M 42.3M 1.81B
Net Debt 1.59B 47.67M 41.56M 39.15M 35.65M 66.84M 4.57B 66.92M 469M 181M 2.33B 179M 175M 7.51B 1.6B 47.97M 41.83M 39.39M 35.88M 67.26M 4.6B 67.35M 472M 182M 2.34B 180M 176M 7.55B
Logo Bhiraj Office Leasehold Real Estate Investment Trust
Bhiraj Office Leasehold Real Estate Investment Trust (the Trust) is a Thailand-based closed-end real estate investment trust (Trust/ REIT). The Trust's objective is to mobilize funds raised from the selling of trust units and loans from financial institutions to invest in the leasehold right of Bhiraj Tower at EmQuartier project that comprises majority of the office rental areas in Bhiraj Tower at EmQuartier and the associated operation areas, including the transferred ownership of utility and movable property, which are related to the operation of office buildings. Its purpose is to encourage corporate governance and to foster equitable treatment for all trust unitholders. It has invested in long-term leasehold rights in two projects: BHIRAJ TOWER at EmQuartier, part of a Mixed-Use Commercial Complex with office buildings and a department store, and BHIRAJ TOWER at BITEC, part of the BITEC Mixed-Use Complex that includes an exhibition center, convention center, and office buildings.
Employees
-
Date Price Change Volume
21/09/26 THB 5.250 0.00% 119,301
18/09/26 THB 5.250 0.00% 13,533
17/09/26 THB 5.250 +0.96% 202,101
16/09/26 THB 5.200 0.00% 324,341
15/09/26 THB 5.200 0.00% 352,801

Annual profits - Rate of surprise

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-40%: Exceptional extension
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