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    Real estate investment trusts
Sub Sri Thai Real Estate Investment Trust

Sub Sri Thai Real Estate Investment Trust

SSET:SSTRT
4.64
THB
+0.02
(+0.43%)
0.61EPS
7.57P/E
875.47MMarket Cap
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
0.32
0.8
0.8
0.03
0.82
0.44
0.38
0.76
0.62
0.71
0.71
0.71
0.71
Basic EPS, GAAP
0.29
0.72
0.75
0.01
0.55
0.28
0.26
0.53
0.44
0.61
0.49
0.51
0.61
Free Cash Flow per Basic Share
-9.61
0.25
0.68
-0.1
0.48
0.38
0.2
0.55
-0.44
0.64
0.64
0.65
0.66
Dividend per Share
- -
0.61
0.68
- -
0.28
0.27
0.18
0.52
0.33
0.4
0.4
0.4
0.4
Book Value per Share
10.29
10.4
10.47
7.71
7.72
7.84
4.07
8.14
7.79
7.99
8.08
8.2
8.29
Tangible Book Value per Share
10.29
10.4
10.47
7.71
7.72
7.84
4.07
8.14
7.79
7.99
8.08
8.2
8.29
Basic Weighted Avg Shares
82
82
82
82
82
156
313
156
191
191
191
191
191
Sales/Revenue/Turnover
26
65
66
2
68
68
118
118
118
136
136
136
136
Operating Margin (%)
89.9
90.4
90.23
74.95
79.94
79.81
78.86
83.11
82.3
89.7
89.92
89.95
89.98
Depreciation Expense
- -
- -
- -
- -
5
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
24
59
62
1
45
43
80
82
84
116
94
98
116
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
90.2
90.55
94.26
47.13
66.98
63.04
67.59
69.77
70.75
85
68.56
72.28
85.04
Working Capital
25
3
4
36
28
-2
63
38
39
38
40
44
48
LT Debt
- -
- -
- -
238
238
238
239
215
186
129
92
55
37
Total Equity
844
853
859
633
633
1,225
1,271
1,272
1,488
1,527
1,545
1,566
1,584
Return on Invested Capital (%)
- -
6.98
6.91
0.21
6.21
4.68
6.28
6.49
6.05
7.18
7.28
7.34
7.39
Return on Capital (%)
- -
6.98
7.22
0.21
6.34
4.55
6.06
6.05
5.72
7.4
6.01
6.22
7.24
Return on Common Equity (%)
- -
6.98
7.22
0.15
7.16
4.65
6.41
6.47
6.05
7.67
6.09
6.32
7.39

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
37
37
37
LT Borrowings
55
37
37
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
191
191
191
Market Capitalization
822
822
875

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
132
102
136
Cash, Cash Equivalents & STI
10
15
15
Accounts Receivable, Net
79
44
78
Inventories
- -
- -
- -
Total Current Liabilities
89
84
88
Payables & Accruals
8
4
8
ST Debt
37
37
37
Deferred Revenue
43
43
43

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.39%
4.46%
1.42%
Free Cash Flow
-88.24%
-80.74%
0.08%
Net Income, GAAP
390.66%
5.78%
5.13%
Sales/Revenue/Turnover
270.16%
3.01%
-0.27%
Total Cash Common Dividend
- -
8.95%
0.03%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34
34
34
34
136
2025
34
34
34
34
136
2026
34
34
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.03
0.15
0.15
0.49
2025
0.15
0.05
0.16
0.16
0.51
2026
0.15
0.14
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
- -
0.2
- -
0.4
2025
0.2
- -
0.2
- -
0.4
2026
0.2
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Eakchai Limsiriwattana
Sector
Finance
Industry
Real estate investment trusts
Address
115 and 115/7-9 Moo 6, Sukawat Road Bangkok BM Thailand 10130
IPO Date
Aug 15, 2014
Website
sstrm.co.th
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Business
Sub Sri Thai Real Estate Investment Trust (SSTRT.BK) is a real estate investment trust externally managed by SST REIT Management Company Limited that invests in immovable properties, leasehold rights including sub-leases, and related fixtures, constructions, systems, and accessories necessary for their operation; its core assets consist of document warehouse buildings, industrial warehouses, and supporting real estate for document storage and warehousing businesses in Thailand. Formed on December 13, 2017 through conversion from Sub Sri Thai Smart Storage Property Fund and listed on the Stock Exchange of Thailand, the trust is headquartered in Bangkok and operates exclusively in Thailand with a focus on generating rental income, service charges, and long-term returns for unitholders via property management, development, and selective sales. In September 2019, it completed its first major capital increase by converting Sub Sri Thai Property Fund into the trust, issuing 74.25 million new units at a 1:1.1 swap ratio and acquiring additional warehouse assets to expand its portfolio.