Hydrogen Freehold and Leasehold Real Estate Investment Trust is a Thailand-based real estate investment trust established under the Trust for Transaction in Capital Market Act, with a trust deed signed in November 2022 and headquartered in Pathumwan, Thailand. The trust invests primarily in freehold and leasehold properties, generating revenue through leasing and related services, focusing on industrial and commercial real estate assets including Tiger Suvarnabhumi Distribution Center and Sara Group Industrial Parks. It provides investors exposure to diversified real estate portfolios by acquiring properties or leasehold rights and operating these assets to maximize returns. Managed by Hydrogen REIT Management Company Limited, the trust has recently engaged in strategic enhancements such as appointing Apicha Chanprasert as managing director in late 2025 and distributing dividends for the third quarter of 2025, reflecting operational stability and growth initiatives. The trust's portfolio expansion and financial performance are supported by a debt-to-equity ratio around 46-47% and a current return on equity of over 8%, indicating improved profitability and effective capital management. The trust operates under the oversight of Land and Houses Fund Management Company Limited as trustee and custodian, serving the Thai market with a focus on high-quality industrial real estate investments and income generation for unitholders. Recent strategic moves include leadership changes and dividend payments to reinforce investor confidence and operational growth within the industrial REIT sector in Thailand.