Insight

Reference

·

Supporting source

Industrial REIT yield band

6-8%

As ofFY2024·Sources3·Supporting

Industrial, warehouse REITs yield 6-8%, outpacing retail (5-7%), office (5-7%) and hotel (4-6%); infrastructure funds span the widest 5-9% range.

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Figure in context

Industrial, warehouse REITs yield 6-8%, outpacing retail (5-7%), office (5-7%) and hotel (4-6%); infrastructure funds span the widest 5-9% range.

Industrial, warehouse REITs yield 6-8%, outpacing retail (5-7%), office (5-7%) and hotel (4-6%); infrastructure funds span the widest 5-9% range.

Time scope

FY2024

Source basis

Supporting source

Interpretation notes

What this tells you

Industrial, warehouse REITs yield 6-8%, outpacing retail (5-7%), office (5-7%) and hotel (4-6%); infrastructure funds span the widest 5-9% range.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~THB 800B

Thai REITs, infrastructure funds market cap

SET, SEC REIT directory

FY2024
~30%

Industrial REITs share of market cap

SET, Thai REIT Manager Association

FY2024
>=90%

Minimum REIT payout ratio

SEC REIT rules

FY2024
2029

BTSGIF Green Line concession expiry

BTSGIF 56-1, BTS Group disclosures

Report context

Thailand REITs & Infrastructure Funds Deep Dive

Deep-dive into Thai REITs, infrastructure funds — listed-vehicle aggregate ~THB 800 billion market cap. REITs: CPN Retail Growth Leasehold (SET: CPNREIT, Central Pattana-sponsored), FTREIT (Frasers Property industrial leasehold), WHART (WHA Industrial Leasehold), TREIT (Ticon Freehold, Leasehold), WHAPF (WHA Premium Growth), AIMIRT, GLANDRT (GLAND Office). Infrastructure funds: BTSGIF (Bangkok Mass Transit Growth Fund — BTS Green Line fare revenue), DIF (Digital Telecommunications Infrastructure Fund — True tower, fibre), JASIF (Jasmine Broadband — 3BB fibre network), TFFIF (Thailand Future Fund — expressway concession). Yield bands: retail REITs 5-7%, industrial 6-8%, office 5-7%, hotel 4-6%, infrastructure 5-9%. Structure: Thai REIT Act B.E. 2550, SEC REIT regulations, ≥90% payout requirement. Key variables: retail-mall concession renewal, industrial-estate occupancy cycle, BTS Green Line concession renegotiation (expires 2029), telecom tower network refresh, BOT interest-rate path.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Central Pattana

Thailand's largest commercial-real-estate developer; ~40 malls, mixed-use, Dusit Central Park JV; FY2024 revenue ~THB 48B; Central Group listed vehicle.

Digital Telecommunications Infrastructure Fund

Listed passive-infrastructure fund; ~12,000 telecom towers, fibre, rack space; TRUE founding anchor sponsor; FY2024 revenue ~THB 11B.

Frasers Property Thailand

Frasers Property Thailand JV warehouse, office, residential platform; ~2M sqm warehouse stock.

JASIF Telecom Infrastructure Fund

Listed fibre-infrastructure fund; fibre-backbone assets operated by 3BB (now TRUE-3BB post-2023); FY2024 revenue ~THB 6B.

WHA Corporation

Thailand's largest listed industrial estate, built-to-suit warehouse operator; ~3M sqm stock.

Industrial REIT yield band · Insight