Valuation: Bhiraj Office Leasehold Real Estate Investment Trust

Market Cap 4.06B 121M 106M 98.49M 90.38M 170M 11.61B 172M 1.17B 457M 5.71B 453M 443M 19.74B P/E 2024
8.03x
P/E 2025 9.73x
Enterprise Value 5.65B 168M 148M 137M 126M 237M 16.18B 240M 1.63B 637M 7.95B 631M 617M 27.5B EV / Sales 2024
5.93x
EV / Sales 2025 6.06x
Free-Float
52.83%
Yield 2024
12.5%
Yield 2025 11.9%
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
26/02/25 Bhiraj Office Leasehold Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2024 CI
1 week-1.79%
Current month+3.77%
1 month+3.77%
6 months+10.00%
Current year+8.91%
1 week 5.45
Extreme 5.45
5.6
1 month 5.25
Extreme 5.25
5.65
Current year 4.98
Extreme 4.98
5.75
1 year 4.76
Extreme 4.76
5.75
3 years 4.26
Extreme 4.26
7.25
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.
5/21/26 A Buy

Chairman

51,500 0.0070%
5/20/26 A Buy

Chairman

88,900 0.0120%
5/20/26 A Buy

Chairman

88,900 0.0120%
Change 5-day change 1-year change 3-year change Capi.($)
0.00%-1.79%+15.06%-24.14% 121M
+1.87%-1.06%-3.75%+9.14% 11.02B
+1.58%+0.90%-2.46%+9.08% 7.25B
+1.07%+1.74%+1.91%+6.89% 5.45B
+1.93%+1.23%+15.73%+34.91% 5.29B
+2.79%-2.06%+6.31%+16.32% 4.58B
-1.09%-3.22%+9.09%+41.87% 4.31B
+1.47%+1.17%+35.68%+47.17% 4.29B
-0.53%-2.08%-18.02%-30.11% 4.22B
+1.87%+5.96%-9.96%+54.57% 3.87B
Average +1.10%+0.24%+4.96%+16.57% 5.04B
Weighted average by Cap. +1.34%+0.19%+2.84%+18.41%

Financials

2024 2025
Net sales 896M 26.62M 23.38M 21.74M 19.95M 37.49M 2.56B 38.06M 258M 101M 1.26B 99.93M 97.77M 4.36B 878M 26.08M 22.9M 21.3M 19.55M 36.73M 2.51B 37.29M 253M 98.82M 1.23B 97.9M 95.79M 4.27B
Net income 464M 13.8M 12.12M 11.27M 10.34M 19.43M 1.33B 19.73M 134M 52.28M 653M 51.79M 50.67M 2.26B 383M 11.38M 10M 9.3M 8.53M 16.03M 1.1B 16.28M 110M 43.14M 539M 42.73M 41.81M 1.86B
Net Debt 1.59B 47.12M 41.38M 38.49M 35.32M 66.36M 4.54B 67.38M 457M 179M 2.23B 177M 173M 7.71B 1.6B 47.42M 41.65M 38.73M 35.54M 66.78M 4.57B 67.81M 460M 180M 2.24B 178M 174M 7.76B
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
24/07/26 THB 5.500 0.00% 237,319
23/07/26 THB 5.500 -0.90% 722,187
22/07/26 THB 5.550 -0.89% 564,712
21/07/26 THB 5.600 +0.90% 228,440
20/07/26 THB 5.550 -0.89% 240,805

Annual profits - Rate of surprise

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