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WHA Business Complex Freehold & Leasehold REIT

WHA Business Complex Freehold & Leasehold REIT

SSET:WHABT
6.25
THB
0.00
(0.00%)
0.42EPS
14.16P/E
1.20BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.43
1.07
1.05
1.19
1.19
1.05
1.08
1.13
1.15
1.06
0.88
0.85
Basic EPS, GAAP
0.11
0.72
0.76
0.88
0.82
0.82
0.89
0.91
0.81
0.71
0.42
0.42
Free Cash Flow per Basic Share
-11.71
0.78
0.83
0.32
1.2
0.92
0.82
0.82
0.85
0.8
0.48
0.54
Dividend per Share
0.1
0.42
0.55
0.53
0.6
0.62
0.66
0.67
0.68
0.67
0.6
0.6
Book Value per Share
10.01
10.11
10.24
10.49
10.66
10.82
11.04
11.28
11.4
11.44
11.26
11.22
Tangible Book Value per Share
10.01
10.11
10.24
10.49
10.66
10.82
11.04
11.28
11.4
11.44
11.26
11.22
Basic Weighted Avg Shares
202
202
202
202
202
202
202
202
202
202
202
202
Sales/Revenue/Turnover
87
216
213
241
241
212
218
228
232
215
177
172
Operating Margin (%)
68.71
72.45
70.04
65.5
68.9
76.4
73.45
71.23
70.72
69.53
64.4
66.26
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
23
146
153
177
166
166
179
184
164
143
85
85
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
25.88
67.93
71.94
73.56
68.86
78.51
82
80.45
70.54
66.66
47.8
49.3
Working Capital
86
85
81
-13
74
106
116
129
155
155
114
104
LT Debt
494
494
495
496
497
498
498
501
503
504
504
504
Total Equity
2,021
2,043
2,068
2,119
2,153
2,185
2,230
2,278
2,304
2,312
2,275
2,267
Return on Invested Capital (%)
- -
6.18
5.85
1.4
1.42
6.07
5.92
5.9
5.87
5.32
4.07
4.09
Return on Capital (%)
- -
6.66
6.85
7.68
7.12
6.89
7.2
7.23
6.66
5.85
3.6
3.6
Return on Common Equity (%)
- -
7.2
7.46
8.46
7.78
7.67
8.11
8.15
7.14
6.21
3.69
3.71

Capital Structure

THB

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
504
504
504
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
202
202
202
Market Capitalization
1,192
1,131
1,202

Working Capital

THB

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
170
148
155
Cash, Cash Equivalents & STI
161
144
151
Accounts Receivable, Net
8
4
5
Inventories
- -
- -
- -
Total Current Liabilities
58
34
52
Payables & Accruals
9
8
11
ST Debt
- -
- -
- -
Deferred Revenue
50
24
41

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.2%
0.82%
-1.58%
Free Cash Flow
3.69%
-10.61%
-40.62%
Net Income, GAAP
50.86%
-10.82%
-40.98%
Sales/Revenue/Turnover
13.12%
-3.16%
-17.69%
Total Cash Common Dividend
37.98%
-0.64%
-10.25%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
58
57
52
48
215
2026
47
45
42
42
177
2027
42
- -
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.17
0.17
0.15
0.21
0.71
2026
0.11
0.1
0.11
0.1
0.42
2027
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.17
0.17
0.18
0.16
0.67
2026
0.15
0.15
0.15
0.15
0.6
2027
0.15
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Anuwat Jarukornsakul
Sector
Finance
Industry
Real estate investment trusts
Address
1 Empire Tower Bangkok BM Thailand 10540
IPO Date
Nov 16, 2015
Website
whabt.com
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Business
WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (WHABT.BK) is a Thailand-based real estate investment trust focused on acquiring, owning, and managing income-generating commercial properties, primarily through freehold land and buildings; its core assets include eight plots of freehold land at the SJ Infinite One Business Complex project and a freehold office building exceeding 8,920 square meters at the Bangna Business Complex project, both located in Thailand, with operations generating rental income and potential benefits from leasing, sub-leasing, sales, improvements, or developments of these properties. Established as a closed-end property fund listed on the Stock Exchange of Thailand, the Trust is managed by WHA Real Estate Management Company Limited and headquartered at 1 Empire Tower, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120, Thailand, targeting investors seeking stable returns from office and business complex real estate in the domestic market. In recent developments, the Trust published its second quarterly report for 2025 ending September 30 on investor.whabt.com, alongside notifications of asset appraisal values and audited financial statements for the fiscal year ended March 31, 2025, reflecting ongoing transparency and performance reporting without major acquisitions, partnerships, or expansions announced in the past two years.