Overview of Returns from 8 Top Thai REITs with Market Caps Over 10 Billion Baht in 2026: Which Fund Earned Investors the Most?

Real Estate Investment Trusts (REITs) offer investors a way to earn income from real estate without purchasing buildings or land themselves. They provide an accessible investment vehicle for property-based returns.

REITs pool investor funds to acquire or lease assets such as shopping malls, hotels, warehouses, or exhibition centers, generating rental income that is distributed as dividends to unit holders. Thus, investors gain returns both from periodic dividends and from unit price changes driven by market dynamics.

From the beginning of 2026 up to the closing price on 25 September 2026, there are eight Thai REITs with market capitalizations exceeding 10 billion baht. Their portfolios are diverse, covering shopping malls, offices, factories, warehouses, exhibition centers, hotels, and even airport properties.

Data on the eight REITs exceeding 10 billion baht in market cap.

Rank 1: CPNREIT Also known as the CPN Retail Growth Leasehold Property Investment Trust.

• Invests in: Offices, hotels, and Central Group shopping malls.
• Type: Leasehold.
• Market Cap: 46,711.85 million baht.
• Unit Price: 12.90 baht (+14.16% year-to-date).
• Dividend Yield: 6.40%.

Rank 2: FTREIT Also known as Frasers Property Industrial Freehold and Leasehold REIT, an industrial trust with 1.73 million square meters of freehold land.

• Invests in: Factories and warehouses for lease.
• Type: Freehold and Leasehold.
• Market Cap: 43,012.37 million baht.
• Unit Price: 13.10 baht (+11.02% year-to-date).
• Dividend Yield: 5.82%.

Rank 3: WHART Also known as WHA Premium Growth Freehold and Leasehold REIT.

• Invests in: Warehouses and factories.
• Type: Freehold and Leasehold.
• Market Cap: 38,157.10 million baht.
• Unit Price: 11.00 baht (+2.80% year-to-date).
• Dividend Yield: 6.16%.

Rank 4: AXTRART Also known as Extra Future City Freehold and Leasehold REIT.

• Invests in: Shopping centers with Lotus's as the main tenant.
• Type: Freehold and Leasehold.
• Market Cap: 29,449.76 million baht.
• Unit Price: 12.60 baht (-4.55% year-to-date).
• Dividend Yield: 7.50%.

Rank 5: IMPACT Also known as IMPACT Growth Freehold and Leasehold REIT.

• Invests in: IMPACT Arena, Exhibition Halls, and Challenger at Muang Thong Thani.
• Type: Freehold and Leasehold.
• Market Cap: 19,420.75 million baht.
• Unit Price: 13.10 baht (+25.96% year-to-date).
• Dividend Yield: 5.27%.

Rank 6: LHHOTEL Also known as LH Hotel Leasehold Property Investment Trust.

• Invests in: Hotels and serviced apartments under the Grande Centre Point brand.
• Type: Freehold and Leasehold.
• Market Cap: 14,370.20 million baht.
• Unit Price: 13.70 baht (+5.38% year-to-date).
• Dividend Yield: 8.69%.

Rank 7: LHSC Also known as LH Shopping Center Leasehold Property Investment Trust.

• Invests in: Shopping centers and retail spaces.
• Type: Freehold and Leasehold.
• Market Cap: 12,060.00 million baht.
• Unit Price: 15.50 baht (+21.09% year-to-date).
• Dividend Yield: 7.62%.

Rank 8: BAREIT Also known as Bangkok Airways Airport Leasehold Property Investment Trust.

• Invests in: Airport properties owned by Bangkok Airways Group.
• Type: Leasehold.
• Market Cap: 11,879.50 million baht.
• Unit Price: 11.50 baht (+11.65% year-to-date).
• Dividend Yield: 6.87%.

Note: Data as of the closing price on 30 September 2026. This information is for reference only and does not constitute investment advice. Investors should conduct further research on each fund before making decisions.

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