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Land and Houses Residential Freehold and Leasehold Real Estate Investment Trust

Land and Houses Residential Freehold and Leasehold Real Estate Investment Trust

SSET:LHRREIT
4.26
THB
-0.02
(-0.47%)
0.02EPS
209.06P/E
1.45BMarket Cap
Land and Houses Residential Freehold and Leasehold Real Estate Investment Trust
SET:LHRREIT
(Stock Exchange of Thailand)

Recent

price

4.26

P/E

ratio

209.06

div

yld

6.57%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
1.02
1.05
1.03
1.09
1.03
1.06
1
0.63
0.6
0.82
0.94
0.11
1.03
1.03
Revenue per Share
- -
1.09
0.42
0.92
0.65
0.68
0.55
0.5
0.08
0.48
0.73
0.46
0.06
0.62
0.02
Basic EPS, GAAP
- -
0.68
0.71
0.7
0.73
0.55
0.53
0.52
0.51
- -
0.3
0.39
0.1
0.09
0.02
Free Cash Flow per Basic Share
- -
0.7
0.7
0.7
0.75
0.53
0.52
0.52
0.26
0.2
0.25
0.4
- -
0.29
0.28
Dividend per Share
- -
10.74
10.46
10.68
10.58
10.73
10.76
10.73
10.54
10.82
11.3
11.37
10.79
11.11
10.72
Book Value per Share
- -
10.74
10.46
10.68
10.58
10.73
10.76
10.73
10.54
10.82
11.3
11.37
10.79
11.11
10.72
Tangible Book Value per Share
- -
330
330
330
330
330
330
330
330
330
330
330
330
330
330
Basic Weighted Avg Shares
- -
338
345
338
360
340
350
330
206
200
269
311
35
340
341
Sales/Revenue/Turnover
- -
70.54
69.01
70.16
51.5
50.29
50.52
52
38.95
35.91
41.08
39.31
46.67
32.76
40.13
Operating Margin (%)
- -
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
359
137
303
214
226
182
164
26
159
242
153
18
204
7
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
106.31
39.73
89.57
59.43
66.51
51.96
49.58
12.43
79.54
89.78
49.13
52.96
60.04
2.03
Profit Margin (%)
14
-9
-19
- -
-43
-31
-23
-2
83
6
5
-1
89
8
4
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
118
116
109
106
102
97
104
LT Debt
3,416
3,545
3,451
3,524
3,490
3,541
3,549
3,541
3,479
3,572
3,731
3,751
3,559
3,668
3,538
Total Equity
- -
10.32
3.92
8.69
5.29
4.86
4.98
4.84
2.25
1.97
2.94
3.17
0.43
3
3.71
Return on Invested Capital (%)
- -
10.32
3.92
8.69
6.1
6.43
5.12
4.61
0.72
4.36
6.41
3.96
0.49
5.49
0.19
Return on Capital (%)
- -
10.32
3.92
8.69
6.1
6.43
5.12
4.61
0.73
4.5
6.62
4.08
0.51
5.65
0.19
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
97
102
104
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
330
330
330
Market Capitalization
1,485
1,412
1,445

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
65
74
50
Cash, Cash Equivalents & STI
47
57
34
Accounts Receivable, Net
15
14
14
Inventories
- -
- -
- -
Total Current Liabilities
56
53
47
Payables & Accruals
24
27
21
ST Debt
5
- -
- -
Deferred Revenue
27
26
26

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.43%
1.12%
3.04%
Free Cash Flow
653.92%
1,313.29%
-8.77%
Net Income, GAAP
131.35%
290.24%
1,004.94%
Sales/Revenue/Turnover
79.34%
166.57%
874.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79
80
86
-211
35
2025
87
78
86
89
340
2026
87
79
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
-0.45
0.08
0.34
0.06
2025
0.11
0.23
0.06
0.22
0.62
2026
0.1
-0.36
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.08
0.07
- -
- -
2025
0.05
0.1
0.07
0.07
0.29
2026
0.07
0.07
- -
- -
- -
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Business
Land and Houses Residential Freehold and Leasehold Real Estate Investment Trust (SET: LHRREIT) is a Thailand-based real estate investment trust focused on investing in, holding, and managing a diversified portfolio of prime residential and hospitality real estate assets. Sponsored by Land and Houses Public Company Limited, the trust is managed by Land and Houses Fund Management Co., Ltd., with SCB Asset Management Co., Ltd. serving as the trustee and Q. H. International Co., Ltd. acting as the property manager. The trust seeks to generate stable, long-term revenue and consistent distributions for unitholders through property leasing, accommodation services, and active asset management across core metropolitan districts in Bangkok, Thailand. The trust's property portfolio and service offerings comprise freehold and leasehold rights in high-end serviced apartment towers and luxury residential estates, including: Centre Point Sukhumvit-Thonglor, a 156-key executive serviced apartment property in the Thonglor district offering fully furnished short- and long-stay accommodations, conference and meeting facilities, recreational swimming pools, fitness centers, and comprehensive hospitality services; Centre Point Residence Phromphong, a 24-story luxury high-rise development on Sukhumvit 39 comprising 76 expansive three- and four-bedroom residential units equipped with squash and tennis courts, fitness facilities, and family-oriented amenities; and L&H Villa Sathon, an exclusive leasehold gated community of luxury detached rental villas featuring private swimming pools, landscaped grounds, and 24-hour security infrastructure situated in Bangkok's central business district. The trust caters primarily to multinational corporate executives, expatriate families, long-term residential tenants, and international business travelers. In recent corporate developments, the trust completed a comprehensive restructuring and conversion from its predecessor closed-end property fund, Land and Houses Freehold and Leasehold Property Fund (originally established in 2012), into a modern real estate investment trust structure. Following unitholder approvals and regulatory clearances in 2024, the fund executed the full transfer of all underlying real estate assets, rights, and operational obligations to the newly established trust in November 2024. The conversion culminated in the official delisting of the legacy property fund and the commencement of public trading of LHRREIT units on the Stock Exchange of Thailand on December 11, 2024. This strategic reorganization provides the vehicle with greater operational agility, improved financing avenues, and an optimized framework for future asset acquisitions and long-term unitholder distributions. LHRREIT is headquartered in Bangkok, Thailand.