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    REIT - Hotel & Motel
Grande Hospitality Real Estate Investment Trust

Grande Hospitality Real Estate Investment Trust

GAHREIT.BK
Grande Hospitality Real Estate Investment TrustTH flagStock Exchange of Thailand
4.16
THB
-0.02
- -
730.08MMarket Cap
Grande Hospitality Real Estate Investment Trust
GAHREIT.BK
(Stock Exchange of Thailand)

Recent

price

4.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.16
0.75
0.75
0.75
0.75
0.75
0.75
0.75
- -
0.75
Revenue per Share
0.15
0.79
0.71
0.61
0.62
0.66
0.87
0.77
- -
0.06
Basic EPS, GAAP
-9.96
0.41
0.59
0.6
0.6
0.61
0.58
0.63
- -
0.34
Free Cash Flow per Basic Share
- -
0.44
0.6
0.6
0.6
0.6
0.6
0.63
- -
0.33
Dividend per Share
10.15
10.5
10.61
10.62
10.64
10.69
10.96
11.1
- -
10.48
Book Value per Share
10.15
10.5
10.61
10.62
10.64
10.69
10.96
11.1
- -
10.48
Tangible Book Value per Share
176
176
176
176
176
176
176
176
- -
176
Basic Weighted Avg Shares
29
131
131
131
131
131
131
131
131
131
Sales/Revenue/Turnover
91.96
91.64
91.62
91.84
91.73
91.68
91.19
91.08
90.88
23.72
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
27
138
124
107
109
115
153
134
83
11
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
92.07
105.89
95.05
81.65
82.99
88.05
116.76
102.76
63.54
8.6
Profit Margin (%)
115
125
139
154
127
138
177
178
176
123
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
1,782
1,843
1,862
1,864
1,867
1,877
1,924
1,948
1,975
1,839
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
7.64
6.71
5.73
5.82
6.15
8.03
6.94
4.24
0.6
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
176
176
176
Market Capitalization
853
748
762

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
142
178
125
Cash, Cash Equivalents & STI
2
6
8
Accounts Receivable, Net
10
57
102
Inventories
- -
- -
- -
Total Current Liabilities
1
2
3
Payables & Accruals
1
2
3
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.17%
1.38%
Free Cash Flow
- -
-8.07%
-45.54%
Net Income, GAAP
- -
-1.96%
-38.17%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
-49.21%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33
33
33
33
131
2025
33
33
33
33
131
2026
33
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.17
0.17
- -
0.77
2025
-0.04
0.17
0.17
- -
- -
2026
-0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
- -
0.32
- -
0.63
2025
0.32
- -
- -
- -
- -
2026
0.33
- -
- -
- -
- -
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Business
Grande Hospitality Real Estate Investment Trust (GAHREIT.BK) operates as a Thailand-based real estate investment trust primarily focused on owning and leasing hospitality properties; its core asset comprises the freehold rights to land, buildings, construction, systems, fixtures, facilities, and movable properties of the Sheraton Hua Hin Resort & Spa project in Pranburi, Prachuap Khiri Khan Province. The Trust generates revenue through property rental services to the hotel operator, targeting the hospitality sector with emphasis on resort and leisure accommodations for domestic and international tourists. Managed by One Asset Management Limited as trust manager and BBL Asset Management Co., Ltd. as trustee, GAHREIT lists on the Stock Exchange of Thailand since November 3, 2017, with headquarters at the 9th and 24th floors of Siam Piwat Tower Building, 989 Rama 1 Road, Pathumwan, Bangkok 10330, Thailand; it was established on October 10, 2017. Geographically, operations center on Thailand's coastal tourism regions, serving leisure travelers via its single flagship property without noted subsidiaries or parent entities. No major acquisitions, partnerships, funding rounds, new product launches, or strategic shifts occur in the last 1-2 years, with the Trust maintaining stable operations amid tourism recovery and reporting unqualified audit opinions for recent fiscal years ended December 31.