B

Bhiraj Office Leasehold Real Estate Investment Trust
SET:BOFFICE

Watchlist Manager
Bhiraj Office Leasehold Real Estate Investment Trust
SET:BOFFICE
Watchlist
Price: 5.2 THB 0.97% Market Closed
Market Cap: ฿3.8B

Gross Margin

68.2%
Current
Declining
by 0.2%
vs 3-y average of 68.4%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
68.2%
=
Gross Profit
฿603m
/
Revenue
฿883.7m

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
68.2%
=
Gross Profit
฿603m
/
Revenue
฿883.7m

Peer Comparison

Country Company Market Cap Gross
Margin
TH
Bhiraj Office Leasehold Real Estate Investment Trust
SET:BOFFICE
3.8B THB
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US
Welltower Inc
NYSE:WELL
128.1B USD
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US
Prologis Inc
NYSE:PLD
122.4B USD
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NL
Nepi Rockcastle NV
JSE:NRP
104.7B ZAR
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US
Simon Property Group Inc
NYSE:SPG
62.3B USD
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ZA
Growthpoint Properties Ltd
JSE:GRT
60.5B ZAR
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US
Digital Realty Trust Inc
NYSE:DLR
56B USD
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US
Realty Income Corp
NYSE:O
56.5B USD
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ZA
Redefine Properties Ltd
JSE:RDF
44.1B ZAR
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AU
Goodman Group
ASX:GMG
58.2B AUD
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US
Ventas Inc
NYSE:VTR
36.4B USD
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Market Distribution

Higher than 92% of companies in Thailand
Percentile
92nd
Based on 889 companies
92nd percentile
68.2%
Low
-1 953.8% — 15.7%
Typical Range
15.7% — 34.4%
High
34.4% — 757.3%
Distribution Statistics
Thailand
Min -1 953.8%
30th Percentile 15.7%
Median 23.9%
70th Percentile 34.4%
Max 757.3%

Bhiraj Office Leasehold Real Estate Investment Trust
Glance View

Market Cap
3.8B THB
Industry
N/A

Bhiraj Office Leasehold Real Estate Investment Trust is a closed-end real estate investment trust. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2018-01-23. The Trust's objectives are to mobilize funds raised from the selling of trust units and loan from financial institution to invest in the leasehold right of Bhiraj Tower at EmQuartier project that comprises most of the office rental areas in Bhiraj Tower at EmQuartier and the associated operation areas, including the transferred ownership of utility and movable property, which related to the operation of office buildings. Bhiraj Tower at EmQuartier office building has gross floor area of approximately 94,853 square meters and net leasable area of approximately 49,462 square meters. Its Bhiraj Tower at BITEC office building has gross floor area of approximately 70,741 square meters and net leasable area of approximately 32,072 square meters. The Trust is managed by Bhiraj REIT Management Company Limited. Bhiraj Management Company Limited is its property manager.

BOFFICE Intrinsic Value
11.29 THB
Undervaluation 54%
Intrinsic Value
Price
B
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
68.2%
=
Gross Profit
฿603m
/
Revenue
฿883.7m
What is Bhiraj Office Leasehold Real Estate Investment Trust's current Gross Margin?

The current Gross Margin for Bhiraj Office Leasehold Real Estate Investment Trust is 68.2%, which is below its 3-year median of 68.4%.

How has Gross Margin changed over time?

Over the last 3 years, Bhiraj Office Leasehold Real Estate Investment Trust’s Gross Margin has decreased from 72.8% to 68.2%. During this period, it reached a low of 67.5% on Sep 30, 2023 and a high of 72.8% on Aug 30, 2022.

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