บทวิเคราะห์ (Research)

WHAIR : Earnings Result - 3Q profit in-line but DPU beat expectation 3Q24 net profit was in-line with our estimate at Bt146m, rising 12% yoy and 2% qoq driven by higher occupancy rate and undertaking revenues. The REIT declared Bt0.2229 DPU for 3Q24, implying 3.5% yield; that is higher than we expected. All of the REIT’s debt carry floating-rates; we estimate a 1% rate cut would raise DPU by Bt0.046 and yield by 0.7%. The REIT offers attractive 8.8% yield for FY24F. Maintain BUY rating for WHAIR.