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    Real estate investment trusts
Grande Hospitality Real Estate Investment Trust

Grande Hospitality Real Estate Investment Trust

SSET:GAHREIT
3.62
THB
+0.04
(+1.12%)
-0.12EPS
698.49MMarket Cap
Grande Hospitality Real Estate Investment Trust
SET:GAHREIT
(Stock Exchange of Thailand)

Recent

price

3.62

P/E

ratio

- -

div

yld

8.98%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
0.16
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.68
Revenue per Share
0.15
0.79
0.71
0.61
0.62
0.66
0.87
0.77
0.47
-0.12
Basic EPS, GAAP
-9.96
0.41
0.59
0.6
0.6
0.61
0.58
0.63
0.35
0.43
Free Cash Flow per Basic Share
- -
0.44
0.6
0.6
0.6
0.6
0.6
0.63
0.32
0.33
Dividend per Share
10.15
10.5
10.61
10.62
10.64
10.69
10.96
11.1
11.25
10.46
Book Value per Share
10.15
10.5
10.61
10.62
10.64
10.69
10.96
11.1
11.25
10.46
Tangible Book Value per Share
176
176
176
176
176
176
176
176
176
176
Basic Weighted Avg Shares
29
131
131
131
131
131
131
131
131
119
Sales/Revenue/Turnover
91.96
91.64
91.62
91.84
91.73
91.68
91.19
91.08
90.88
-1.31
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
27
138
124
107
109
115
153
134
83
-22
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
92.07
105.89
95.05
81.65
82.99
88.05
116.76
102.76
63.54
-18.12
Profit Margin (%)
115
125
139
154
127
138
177
178
176
137
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
1,782
1,843
1,862
1,864
1,867
1,877
1,924
1,948
1,975
1,836
Total Equity
- -
6.61
6.47
6.45
6.43
6.4
6.27
6.15
6.06
- -
Return on Invested Capital (%)
- -
7.64
6.71
5.73
5.82
6.15
8.03
6.94
4.24
- -
Return on Capital (%)
- -
7.64
6.71
5.73
5.82
6.15
8.03
6.94
4.24
-1.15
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
176
176
176
Market Capitalization
748
762
698

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
178
125
138
Cash, Cash Equivalents & STI
6
8
21
Accounts Receivable, Net
57
102
123
Inventories
- -
- -
- -
Total Current Liabilities
2
3
1
Payables & Accruals
2
3
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

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

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33
33
33
33
131
2025
33
33
33
33
131
2026
33
21
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.17
0.17
0.17
0.77
2025
-0.04
0.17
0.17
0.17
0.47
2026
-0.45
-0.01
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
- -
0.32
- -
0.63
2025
0.32
- -
- -
- -
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.