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Quality Houses Business Complex Leasehold Real Estate Investment Trust Registered

Quality Houses Business Complex Leasehold Real Estate Investment Trust Registered

SSET:QHBREIT
3.66
THB
0.00
(0.00%)
-0.42EPS
3.09BMarket Cap
Nov 12Next Earn
Quality Houses Business Complex Leasehold Real Estate Investment Trust Registered
SET:QHBREIT
(Stock Exchange of Thailand)

Recent

price

3.66

P/E

ratio

- -

div

yld

0.44%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
1.1
1.13
1.19
1.23
1.31
1.37
1.39
1.44
1.49
1.55
1.46
1.32
1.26
1.19
1.04
1.27
1.25
Revenue per Share
0.59
0.68
0.66
0.73
0.88
0.85
0.99
1.09
1.1
1.13
0.94
0.24
0.34
0.08
0.16
-0.11
-0.42
Basic EPS, GAAP
0.77
0.68
0.75
0.73
0.74
0.76
0.85
0.87
0.89
0.98
1.08
0.75
0.78
0.86
0.91
0.38
0.46
Free Cash Flow per Basic Share
0.73
0.63
0.75
0.72
0.74
0.74
0.85
0.87
0.88
0.93
0.93
0.82
0.74
0.74
- -
0.09
0.02
Dividend per Share
10.95
10.86
10.77
10.78
10.92
11.03
11.17
11.39
11.61
11.81
11.82
11.24
10.85
10.16
9.08
8.34
7.7
Book Value per Share
10.95
10.86
10.77
10.78
10.92
11.03
11.17
11.39
11.61
11.81
11.82
11.24
10.85
10.16
9.08
8.34
7.7
Tangible Book Value per Share
796
798
793
801
793
801
793
798
799
794
799
799
787
830
797
791
797
Basic Weighted Avg Shares
875
905
942
983
1,037
1,096
1,101
1,149
1,190
1,230
1,164
1,057
995
989
831
1,001
997
Sales/Revenue/Turnover
64.3
64.22
62.14
61.06
60.61
61.85
64.23
64.33
66.44
70.22
74.56
74.04
69.03
66.01
63.66
65.91
65.69
Operating Margin (%)
19
19
17
19
19
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
470
542
524
584
698
681
785
869
879
897
751
192
267
66
129
-87
-335
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
53.67
59.94
55.58
59.47
67.28
62.15
71.32
75.68
73.89
72.98
64.48
18.15
26.88
6.71
15.48
-8.69
-33.62
Profit Margin (%)
681
426
413
397
362
347
337
301
286
311
342
246
178
175
505
147
-354
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
634
613
582
542
500
493
462
LT Debt
8,724
8,658
8,587
8,591
8,704
8,793
8,901
9,076
9,251
9,413
9,423
8,959
8,644
8,095
7,240
6,648
6,137
Total Equity
- -
6.83
6.97
6.8
8.07
7.79
8.88
8.22
8.63
9.25
8.91
7.96
7.29
7.28
6.43
- -
- -
Return on Invested Capital (%)
- -
6.24
6.07
6.8
8.07
7.79
8.88
9.67
9.6
9.62
7.7
1.95
2.84
0.74
1.56
- -
- -
Return on Capital (%)
5.35
6.24
6.07
6.8
8.07
7.79
8.88
9.67
9.6
9.62
7.97
2.09
3.04
0.79
1.68
-1.25
-5.06
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
43
- -
44
LT Borrowings
- -
- -
- -
LT Finance Leases
493
505
462
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
797
797
797
Market Capitalization
2,742
2,853
3,092

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
292
227
124
Cash, Cash Equivalents & STI
148
69
95
Accounts Receivable, Net
24
25
28
Inventories
- -
- -
- -
Total Current Liabilities
145
109
478
Payables & Accruals
77
88
173
ST Debt
43
- -
44
Deferred Revenue
- -
- -
261

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.65%
-6.71%
-8.17%
Free Cash Flow
-3.28%
-13.88%
-58.79%
Net Income, GAAP
-17.13%
-36.83%
-167.64%
Sales/Revenue/Turnover
-0.48%
-2.23%
20.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
245
242
244
68
831
2025
248
249
254
250
1,001
2026
245
248
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.08
0.07
-0.07
0.16
2025
0.04
0.07
0.05
-0.27
-0.11
2026
0.02
-0.22
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.11
0.11
- -
- -
2025
- -
- -
0.02
- -
0.09
2026
- -
- -
- -
- -
- -
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Business
Quality Houses Business Complex Leasehold Real Estate Investment Trust is a Thailand-based closed-end real estate investment trust that specializes in acquiring, investing in, and managing high-quality commercial real estate assets located in prime central business districts. Established in 2006 and headquartered in Bangkok, Thailand, the trust is managed by Land and Houses Fund Management Company Limited, with Quality Houses Public Company Limited serving as the property manager. The trust's core business activities and service offerings encompass prime commercial office space leasing, providing standard and customized office units to multinational corporations, financial institutions, professional service firms, and domestic enterprises; retail and commercial space rental, offering ground-floor and podium retail premises to food and beverage operators, banking outlets, convenience retailers, and lifestyle service providers; comprehensive facility and property management services, delivering 24-hour building security, environmental cleaning, engineering maintenance, and building system operations; utility and infrastructure provision, supplying centralized air-conditioning systems, high-speed telecommunications connectivity, and essential building utilities; and tenant support amenities, managing multi-level parking facilities, loading docks, meeting rooms, and customer service operations across its flagship property portfolio, which includes Q. House Lumpini, Q. House Ploenjit, Q. House Asoke, and Wave Place. In recent developments, the trust has undertaken targeted asset enhancement initiatives across its key properties to modernize common areas, upgrade building automation systems, and improve overall energy efficiency through LED conversions and chiller plant optimizations. The trust has also adapted its tenant retention and marketing strategies by introducing flexible lease terms and fitted office solutions to address evolving hybrid workplace patterns, while rolling out contactless access controls and digital visitor management systems. Furthermore, management has actively optimized its debt structure through strategic refinancing arrangements and proactive liquidity management to reduce financing costs and maintain stable cash distribution yields for unitholders.