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    Investment trusts
Dusit Thani Freehold & Leasehold Real Estate Investment Trust

Dusit Thani Freehold & Leasehold Real Estate Investment Trust

SSET:DREIT
4.80
THB
0.00
(0.00%)
0.60EPS
8.14P/E
3.49BMarket Cap
Nov 06Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.93
0.93
0.63
0.58
- -
0.54
0.4
0.6
0.7
0.64
0.72
0.78
0.76
0.81
Basic EPS, GAAP
0.7
0.73
0.43
0.22
- -
0.43
0.17
0.45
0.56
0.45
0.38
0.83
0.31
0.6
Free Cash Flow per Basic Share
0.68
0.71
0.69
0.49
- -
0.02
-3.4
0.18
0.33
0.46
0.84
0.69
0.38
0.47
Dividend per Share
0.7
0.72
0.65
0.45
- -
0.3
0.24
0.2
0.33
0.39
0.6
0.4
0.41
0.39
Book Value per Share
10.41
10.42
10.19
9.96
8.76
8.89
7.59
7.7
8
8.1
7.86
8.27
8.04
8.43
Tangible Book Value per Share
10.41
10.42
10.19
9.96
8.76
8.89
7.59
7.7
8
8.1
7.86
8.27
8.04
8.43
Basic Weighted Avg Shares
419
419
419
419
419
419
712
712
712
712
712
712
712
712
Sales/Revenue/Turnover
388
389
264
242
- -
227
286
425
496
453
512
555
543
574
Operating Margin (%)
93.52
94.73
93.17
84.63
- -
92.81
90.14
93.51
94.06
92.66
93.91
94.42
94.3
94.75
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
295
307
179
92
- -
180
122
321
397
319
270
591
222
428
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
5.81
1.04
2.4
0.33
0.4
0.16
1.14
- -
Profit Margin (%)
76
78.95
67.64
38.08
- -
79.32
42.57
75.48
80.1
70.36
52.78
106.48
40.9
74.59
Working Capital
124
138
50
29
83
-18
23
140
170
138
262
358
251
335
LT Debt
- -
- -
- -
- -
589
599
1,488
1,981
2,061
2,116
2,114
2,106
2,084
2,100
Total Equity
4,364
4,370
4,274
4,178
3,673
3,728
5,401
5,477
5,693
5,764
5,594
5,881
5,721
6,000
Return on Invested Capital (%)
6.76
7.03
4.14
2.18
- -
4.91
4.33
5.47
5.98
5.35
6.14
6.66
6.41
- -
Return on Capital (%)
6.76
7.03
4.14
2.18
- -
4.7
2.72
5.48
6.17
5.1
4.81
9
4.15
- -
Return on Common Equity (%)
6.76
7.03
4.14
2.18
- -
4.87
2.67
5.89
7.11
5.56
4.76
10.3
3.83
7.25

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
1,783
1,783
1,783
LT Finance Leases
301
313
317
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
712
712
712
Market Capitalization
3,472
3,387
3,486

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
294
396
429
Cash, Cash Equivalents & STI
225
216
393
Accounts Receivable, Net
50
151
8
Inventories
- -
- -
- -
Total Current Liabilities
43
80
93
Payables & Accruals
43
80
93
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.81%
0.93%
-2.71%
Free Cash Flow
- -
29.03%
-45.13%
Net Income, GAAP
- -
9.03%
-62.38%
Sales/Revenue/Turnover
- -
5.49%
-2.07%
Total Cash Common Dividend
- -
20.74%
3.16%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
223
88
89
155
555
2025
229
74
93
147
543
2026
251
83
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.52
-0.25
0.16
0.83
2025
0.24
-0.05
0.06
0.06
0.31
2026
0.39
0.09
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
- -
0.2
- -
0.4
2025
0.21
- -
0.2
- -
0.41
2026
0.19
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Voranon Asavakittimetin
Sector
Miscellaneous
Industry
Investment trusts
Address
No. 319 Chamchuri Square Building Bangkok BM Thailand 10330
IPO Date
Dec 15, 2017
Website
dtcreit.com
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Business
Dusit Thani Freehold and Leasehold Real Estate Investment Trust (DREIT.BK) is a real estate investment trust that focuses on acquiring and managing high-potential freehold and leasehold properties, primarily in the hospitality sector; its core assets include hotel properties along with complementary facilities such as meeting and convention rooms, restaurants, fitness centers, spas, swimming pools, and tennis courts. Established in 2011 through conversion from Dusit Thani Freehold and Leasehold Property Fund and headquartered in Bangkok, Thailand, the trust operates assets strategically located in prime Thai tourism destinations to mitigate seasonality risks and diversify revenue streams. Managed by Dusit Thani Properties REIT Company Limited and overseen by trustee Krung Thai Asset Management, DREIT distributes returns to unitholders primarily through dividends derived from rental income and net profits after expenses, with a recent dividend yield around 8.54% supported by stable operations under the experienced Dusit Thani Group, which brings over 70 years of hotel management expertise. In recent developments, the trust maintains consistent dividend payments, including an ex-dividend date in August 2025 with an annual payout of approximately $0.42 per unit, reflecting operational resilience amid growing trends in Thailand's hotel industry bolstered by government support. The portfolio emphasizes well-diversified, high-quality assets operated by the Dusit Thani Group, ensuring long-term stability and potential for constant returns in key tourist regions across Thailand.