WHA Industrial Leasehold Real Estate Investment Trust (WHAIR.BK)
Full history for every metric is available with a Kvantra account
WHA Industrial Leasehold Real Estate Investment Trust (WHAIR.BK)
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB m | 686 | 764 | 747 | 872 | 913 | 1,014 | 994 | 987 |
| Operating profit | THB m | 864 | 845 | ||||||
| Net profit | THB m | 609 | 893 | 583 | 406 | 316 | 414 | 346 | 784 |
| EPS reported | THB | 0.39 | 0.33 | ||||||
| Operating cashflow per share | THB | 0.74 | 0.80 | ||||||
| Capex per share | THB | 0.00 | 0.00 | ||||||
| FCF per share | THB | 0.74 | 0.80 | ||||||
| Free cash flow | THB m | 781 | 796 | ||||||
| Net debt | THB m | 4,161 | 4,138 | ||||||
| Book value equity | THB m | 8,799 | 8,811 | ||||||
| Book value per share | THB | 8.31 | 8.32 | ||||||
| Number of shares | m | 1,058.81 | 1,058.81 | ||||||
| DPS (TTM paid) | THB | 0.46 | 0.59 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 15.77 | 25.76 | ||||||
| P/B LTM | x | 0.74 | 0.74 | ||||||
| P/S LTM | x | 6.42 | 6.55 | ||||||
| P/FCF LTM | x | 8.34 | 8.18 | ||||||
| EV/EBITDA LTM | x | 18.03 | 21.88 | ||||||
| EV/Sales LTM | x | 10.52 | 12.71 | ||||||
| Earnings Yield LTM | % | +6.34% | +3.88% | ||||||
| FCF Yield | % | +11.99% | +12.23% | ||||||
| Quality | |||||||||
| ROE | % | +4.70% | +3.87% | ||||||
| ROIC | % | +6.21% | +6.32% | ||||||
| Operating margin | % | +85.15% | +85.21% | ||||||
| Gross margin | % | +90.36% | +90.87% | ||||||
| FCF/Sales | % | +76.97% | +84.65% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +30.00% | +10.00% | ||||||
| Sales Growth YoY | % | +11.04% | +8.84% | ||||||
| Net Income Growth YoY | % | +30.72% | +9.29% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | +11.70% | +9.34% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +7.41% | +7.16% | ||||||
| Dividend Growth | % | -28.10% | -6.15% | ||||||
| Payout Ratio | % | +116.85% | +173.64% | ||||||
| FCF/Debt | x | 0.16 | 0.17 | ||||||
| Net Debt/EBITDA | x | 7.03 | 8.24 | ||||||
| EBIT/Net interest | x | 4.84 | 5.39 | ||||||
| Net debt/market cap | % | +73.16% | +55.24% | ||||||
| Net debt/Equity | x | 0.47 | 0.47 | ||||||
| Gross debt/equity | x | 0.54 | 0.54 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
WHA Industrial Leasehold Real Estate Investment Trust (REIT), previously known as Hemaraj Leasehold Real Estate Investment Trust, is an investment vehicle based in Thailand. Its primary objective is to channel capital raised from its offerings into property leasehold rights and various movable assets, aiming to generate benefits from these acquired holdings. The Trust further expands its portfolio through additional investments in leasehold assets, which specifically include leased land parcels housing factories and warehouse buildings. These assets currently comprise approximately 14 units across 7 distinct projects, sourced from three different companies. Management of the Trust is overseen by WHA Industrial REIT Management Company Limited.
Similar companies
- SF Real Estate Investment Trust
- AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust
- Pro Real Estate Investment Trust
- Daiwa House Logistics Trust
- Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust
- Nexus Industrial REIT
- Terra Property Trust, Inc.
- Alpha Integrated Real Estate Investment Trust
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.
WHA Industrial Leasehold Real Estate Investment Trust (WHAIR.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
WHA Industrial Leasehold Real Estate Investment Trust (REIT), previously known as Hemaraj Leasehold Real Estate Investment Trust, is an investment vehicle based in Thailand. Its primary objective is to channel capital raised from its offerings into property leasehold rights and various movable assets, aiming to generate benefits from these acquired holdings. The Trust further expands its portfolio through additional investments in leasehold assets, which specifically include leased land parcels housing factories and warehouse buildings. These assets currently comprise approximately 14 units across 7 distinct projects, sourced from three different companies. Management of the Trust is overseen by WHA Industrial REIT Management Company Limited.
- SF Real Estate Investment Trust
- AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust
- Pro Real Estate Investment Trust
- Daiwa House Logistics Trust
- Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust
- Nexus Industrial REIT
- Terra Property Trust, Inc.
- Alpha Integrated Real Estate Investment Trust
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