Golden Ventures Leasehold Real Estate Investment Trust (GVREIT.BK)
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Golden Ventures Leasehold Real Estate Investment Trust (GVREIT.BK)
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB m | 1,179 | 1,113 | 1,131 | 1,161 | 1,134 | 1,122 | 1,121 | 1,121 |
| Operating profit | THB m | 784 | 784 | ||||||
| Net profit | THB m | 747 | 705 | 643 | 566 | 458 | 168 | 96 | - |
| EPS reported | THB | 0.21 | 0.12 | ||||||
| Operating cashflow per share | THB | 0.93 | 0.88 | ||||||
| Capex per share | THB | 0.00 | 0.00 | ||||||
| FCF per share | THB | 0.93 | 0.88 | ||||||
| Free cash flow | THB m | 757 | 700 | ||||||
| Net debt | THB m | 1,945 | 1,938 | ||||||
| Book value equity | THB m | 8,271 | 8,347 | ||||||
| Book value per share | THB | 10.15 | 10.24 | ||||||
| Number of shares | m | 814.8 | 814.8 | ||||||
| DPS (TTM paid) | THB | 0.78 | 0.74 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 30.71 | 47.19 | ||||||
| P/B LTM | x | 0.64 | 0.63 | ||||||
| P/S LTM | x | 4.68 | 4.69 | ||||||
| P/FCF LTM | x | 6.94 | 7.50 | ||||||
| EV/EBITDA LTM | x | 29.28 | 40.07 | ||||||
| EV/Sales LTM | x | 7.02 | 8.12 | ||||||
| Earnings Yield LTM | % | +3.26% | +2.12% | ||||||
| FCF Yield | % | +14.40% | +13.32% | ||||||
| Quality | |||||||||
| ROE | % | +2.03% | +1.52% | ||||||
| ROIC | % | +6.98% | +7.12% | ||||||
| Operating margin | % | +69.91% | +69.61% | ||||||
| Gross margin | % | +73.05% | +73.47% | ||||||
| FCF/Sales | % | +67.46% | +63.62% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -62.50% | -78.57% | ||||||
| Sales Growth YoY | % | -1.03% | -1.11% | ||||||
| Net Income Growth YoY | % | -63.35% | -78.99% | ||||||
| FCF Growth | % | +15.52% | +6.90% | ||||||
| Operating Profit Growth | % | -2.03% | -1.99% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +12.40% | +9.34% | ||||||
| Dividend Growth | % | -1.21% | -6.20% | ||||||
| Payout Ratio | % | +380.79% | +472.29% | ||||||
| FCF/Debt | x | 0.28 | 0.26 | ||||||
| Net Debt/EBITDA | x | 9.75 | 11.42 | ||||||
| EBIT/Net interest | x | 7.74 | 7.80 | ||||||
| Net debt/market cap | % | +38.04% | +30.49% | ||||||
| Net debt/Equity | x | 0.24 | 0.23 | ||||||
| Gross debt/equity | x | 0.32 | 0.32 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Golden Ventures Leasehold Real Estate Investment Trust functions as a real estate investment trust, primarily involved in leasing properties across Thailand. Its holdings include leasehold ownership of the Park Ventures Ecoplex building, along with sub-lease agreements for both the land and structure of Sathorn Square; both prime assets are situated within Thailand's bustling Central Business District. Having opted for real estate investment trust taxation status, the company is exempt from corporate income tax on the portion of its net earnings disbursed to shareholders. The trust was established in 2016 and its main operations are based in Bangkok, Thailand.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Golden Ventures Leasehold Real Estate Investment Trust (GVREIT.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Golden Ventures Leasehold Real Estate Investment Trust functions as a real estate investment trust, primarily involved in leasing properties across Thailand. Its holdings include leasehold ownership of the Park Ventures Ecoplex building, along with sub-lease agreements for both the land and structure of Sathorn Square; both prime assets are situated within Thailand's bustling Central Business District. Having opted for real estate investment trust taxation status, the company is exempt from corporate income tax on the portion of its net earnings disbursed to shareholders. The trust was established in 2016 and its main operations are based in Bangkok, Thailand.
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