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KPN Freehold and Leasehold Real Estate Investment Trust

KPN Freehold and Leasehold Real Estate Investment Trust

SSET:KPNREIT
2.02
THB
0.00
(0.00%)
0.31EPS
6.47P/E
360.00MMarket Cap
KPN Freehold and Leasehold Real Estate Investment Trust
SET:KPNREIT
(Stock Exchange of Thailand)

Recent

price

2.02

P/E

ratio

6.47

div

yld

4.44%

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
0.85
0.85
0.85
0.83
0.78
0.86
0.76
0.62
0.52
0.48
- -
0.44
0.46
Revenue per Share
- -
0.7
0.86
0.44
0.5
0.36
0.48
0.18
-0.25
-0.04
-0.25
- -
0.23
0.31
Basic EPS, GAAP
- -
0.75
0.6
0.5
0.43
0.6
0.48
0.35
0.36
0.14
0.07
- -
-0.41
-0.35
Free Cash Flow per Basic Share
- -
0.63
0.58
0.46
0.44
0.43
0.43
0.4
0.29
- -
- -
- -
0.03
0.09
Dividend per Share
10.16
10.22
10.5
10.48
10.54
10.48
10.53
10.31
9.78
9.5
9.17
9.36
9.56
9.53
Book Value per Share
10.16
10.22
10.5
10.48
10.54
10.48
10.53
10.31
9.78
9.5
9.17
9.36
9.56
9.53
Tangible Book Value per Share
180
180
180
180
180
180
180
180
180
180
180
180
180
180
Basic Weighted Avg Shares
- -
153
152
154
149
140
155
137
111
93
86
- -
79
83
Sales/Revenue/Turnover
- -
74.56
71.88
64.25
62.57
61.28
56.26
54.44
52.05
38.17
28.98
- -
5.45
16.66
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
125
155
79
91
65
86
32
-44
-8
-45
- -
41
56
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
81.88
101.71
51.28
60.69
46.74
55.25
23.38
-39.65
-8.43
-52.36
- -
51.46
67.12
Profit Margin (%)
34
33
37
40
40
62
75
84
92
85
78
67
-3
-17
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
78
LT Debt
1,829
1,840
1,891
1,886
1,898
1,887
1,895
1,856
1,760
1,710
1,650
1,685
1,721
1,715
Total Equity
- -
6.22
5.86
5.24
4.94
4.54
4.63
3.99
- -
- -
- -
- -
0.25
0.8
Return on Invested Capital (%)
- -
6.83
8.29
4.18
4.79
3.46
4.53
1.71
- -
- -
- -
- -
2.38
3.23
Return on Capital (%)
- -
6.83
8.29
4.18
4.79
3.46
4.53
1.71
-2.44
-0.45
-2.67
- -
2.38
3.28
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
42
LT Finance Leases
- -
- -
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
180
180
180
Market Capitalization
367
347
360

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
23
10
25
Cash, Cash Equivalents & STI
5
7
4
Accounts Receivable, Net
2
3
2
Inventories
- -
- -
- -
Total Current Liabilities
26
30
43
Payables & Accruals
7
10
11
ST Debt
- -
- -
- -
Deferred Revenue
19
20
32

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.91%
-1.45%
2.11%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22
23
23
- -
- -
2025
22
15
21
21
79
2026
20
21
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.03
0.03
- -
- -
2025
0.03
-0.06
- -
0.25
0.23
2026
0.05
0.01
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.03
- -
- -
0.03
2026
0.06
0.03
- -
- -
- -
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Business
KPN Freehold and Leasehold Real Estate Investment Trust is a Thailand-based real estate investment trust focused on investing in, holding, and managing commercial office properties and related commercial spaces. The trust operates through the real estate investment and property rental segment, generating recurring income from property leases, service agreements, and facility operations. Its core asset portfolio centers on the KPN Tower, a 27-story commercial office building located on Rama IX Road in Bangkok, Thailand. The trust provides a comprehensive suite of commercial real estate solutions, including long-term and short-term commercial office space leasing; retail shop and commercial support area rentals; conference, seminar, and multi-purpose event facilities; structured vehicle parking operations; and integrated facility management, building maintenance, and utility provisioning services. The trust targets a diverse profile of occupants comprising domestic enterprises, multinational corporations, technology providers, professional service firms, and commercial retailers. In recent developments, the trust has implemented strategic asset enhancement initiatives at KPN Tower, focusing on the modernization of building systems, common area upgrades, and energy efficiency improvements to maintain asset competitiveness. The trust has also pursued proactive tenancy management and flexible lease structuring to stabilize occupancy levels, retain anchor corporate tenants, and diversify its tenant mix amid shifting market conditions in Bangkok's commercial real estate sector. Founded in 2013 and headquartered in Bangkok, Thailand, the trust is managed by KPN REIT Management Company Limited and conducts its operations entirely within the Bangkok Metropolitan Region.