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    Real estate investment trusts
Quality Houses Hotel and Residence Freehold and Leasehold REIT

Quality Houses Hotel and Residence Freehold and Leasehold REIT

SSET:QHHRREIT
7.95
THB
+0.20
(+2.58%)
0.72EPS
11.22P/E
3.28BMarket Cap
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
0.79
0.83
0.75
0.75
0.8
0.84
0.89
0.5
0.27
0.41
0.75
- -
1.49
1.35
Basic EPS, GAAP
1.47
0.28
0.71
2.3
0.79
1.9
0.87
0.31
-0.47
-0.5
0.02
- -
1
0.72
Free Cash Flow per Basic Share
0.7
0.74
0.71
0.74
0.57
0.56
0.6
0.31
0.03
0.07
0.26
- -
0.11
-3.34
Dividend per Share
0.7
0.74
0.71
0.74
0.57
0.55
0.6
0.3
- -
0.05
0.56
- -
0.69
0.64
Book Value per Share
11.12
10.66
10.67
12.3
12.53
13.94
14.21
14.22
13.75
13.2
12.66
13.45
13.76
12.99
Tangible Book Value per Share
11.12
10.66
10.67
12.3
12.53
13.94
14.21
14.22
13.75
13.2
12.66
13.45
13.76
12.99
Basic Weighted Avg Shares
336
336
352
352
352
352
336
336
336
336
336
336
336
371
Sales/Revenue/Turnover
266
278
263
263
281
296
300
168
92
137
251
- -
500
500
Operating Margin (%)
91.53
92.6
92.01
79.59
75.7
73.41
79.85
85.52
30.61
29.18
0.78
- -
87.77
84.18
Depreciation Expense
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
494
94
250
810
280
670
292
103
-159
-169
7
- -
336
268
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
185.67
33.83
95.23
308.48
99.69
226.45
97.4
61.26
-172.54
-123.05
2.93
- -
67.08
53.55
Working Capital
81
89
62
62
67
72
75
133
196
250
161
83
123
84
LT Debt
- -
- -
- -
- -
- -
- -
- -
21
17
12
112
1,145
1,426
2,262
Total Equity
3,738
3,583
3,585
4,133
4,211
4,686
4,775
4,778
4,619
4,434
4,253
4,518
4,622
5,262
Return on Invested Capital (%)
6.79
2.57
6.99
5.42
5.09
4.88
5.06
3
- -
- -
0.04
- -
7.49
6.16
Return on Capital (%)
13.69
2.57
6.99
20.99
6.7
15.06
6.17
2.15
- -
- -
0.21
- -
6.7
4.92
Return on Common Equity (%)
13.69
2.57
6.99
20.99
6.7
15.06
6.17
2.15
-3.38
-3.73
0.17
- -
7.34
5.33

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13
13
15
LT Borrowings
1,426
2,267
2,262
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
336
405
405
Market Capitalization
2,184
2,835
3,281

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
209
174
107
Cash, Cash Equivalents & STI
71
30
6
Accounts Receivable, Net
138
143
100
Inventories
- -
- -
- -
Total Current Liabilities
86
80
23
Payables & Accruals
74
67
8
ST Debt
13
13
15
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.75%
-0.57%
2.3%
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
80
- -
102
- -
- -
2025
138
103
122
137
500
2026
142
99
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
- -
1
- -
- -
2025
0.14
0.98
-0.1
-0.02
1
2026
0.38
0.38
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
- -
- -
- -
- -
2025
0.22
0.15
0.15
0.17
0.69
2026
0.15
0.17
- -
- -
- -

Company Description

Company Profile APIChatGPT
Sector
Finance
Industry
Real estate investment trusts
Address
Bangkok Thailand
IPO Date
Jul 5, 2012
Website
qhhr-pf.com
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Business
Quality Houses Hotel and Residence Freehold and Leasehold REIT is a Thailand-based real estate investment trust focused on investing in, owning, and managing hospitality and serviced apartment properties. Sponsored by Quality Houses Public Company Limited and managed by Land and Houses Fund Management Company Limited, the trust primarily invests in freehold and leasehold rights of prime hospitality assets located in Bangkok's key central business and commercial districts. The trust's core portfolio comprises premium hospitality and serviced residence properties operated under the Centre Point brand, including Centre Point Hotel & Residence Sukhumvit 10, Centre Point Hotel Pratunam, and Centre Point Hotel Chidlom. Its main service offerings and operational segments include short-term hotel room accommodation for domestic and international leisure travelers; fully furnished serviced apartment leases for expatriates and long-stay business executives; meeting, conference, and banquet hall rental facilities; on-site dining and restaurant operations; commercial and retail space leasing within property premises; housekeeping, concierge, and front-desk hospitality services; and wellness amenities comprising fitness centers, swimming pools, saunas, and recreational lounges. Established in 2012 and headquartered in Bangkok, Thailand, the trust targets corporate clients, multinational expatriates, medical tourists, and international travelers. In recent developments, the vehicle executed the structural conversion and asset transfer from its predecessor closed-end property fund, Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR), into a full Real Estate Investment Trust (REIT) structure under the name Quality Houses Hotel and Residence Freehold and Leasehold REIT (QHHRREIT) to optimize capital-raising flexibility and asset management efficiency. Concurrently, the trust has undertaken comprehensive interior and technological asset enhancement initiatives across its Centre Point properties to capture rebounding international tourism and corporate lodging demand in Thailand, while actively refinancing credit facilities to lower borrowing costs and implementing energy-efficient building management and sustainability upgrades across its real estate portfolio.