Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust stock THB 4.54, price THB 4.28, upside +6.1%, quality 66 out of 100. Rating: fairly valued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust
LHRREIT · BK
Fairly valued,sideways
The stock costs about what our calculation considers fair.
Quality 66/100
Generates free cash flow
Ranks above peers(8/13)
Fair value 4.54 THB · Fairly valued
Mixed Growth(revenue 5y +10.5 %/yr in THB)
Thin margins · 2.0% net margin (TTM)
Moderate moat47/100 · thin data
Costs 214 times its yearly profit.
3.3% dividend yield · Pays more than it earns
Thin data
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
23‑month range 4.09 THB – 5.06 THB · fair‑value band 2.06 THB – 8.63 THB · the 4.28 THB price screens below the 4.54 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is a real estate investment trust launched and managed by Land and Houses Fund Management Co., Ltd. The fund invests on real estate markets of Thailand.
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Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust was formed on March 22, 2012 and is domiciled in Thailand.
Stock analysis
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT) currently trades at 4.28 THB, while our model-based Fair Value estimate is 4.54 THB, so the stock looks roughly fairly valued today (gap 5.7%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of 8.51 THB per share, and 10 of the 13 models we run sit above the 4.28 THB price.
Bear case: the Growth DCF group reads lowest at 3.78 THB, and 3 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.06 THB (bear) to 8.63 THB (bull), the price of 4.28 THB sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust reported revenue of 340M THB in FY2025 versus 200M THB in FY2021, a compound +14.2%/yr. Reported net income was 204M THB in FY2025, compounding +6.5%/yr from FY2021.
Key figures
Market cap 1.4B THB (≈ $42.2M) Micro · P/E ratio 214.0 · P/S ratio 4.11 · EPS (TTM) 0.0200 THB · Dividend yield 3.3% · Net margin 2.0% · Return on equity 0.2% · Return on assets (EBIT) 2.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −13% fair-value upside, at 6%, LHRREIT screens cheaper than that median.
Fair Value models
Bear2.06 THBFair Value 4.54 THBBull8.63 THB
Price 4.28 THB · Upside +6.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
Start year 2020 (pandemic)
’20
’21
’22
’23
’25
What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)3.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.39% → 33%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +25.2% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Residential · 41 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+6.1% · Above median
Profitability
Return on equity (12 months)0.2% · Below median
Return on assets5.3% · Top 25%
Net margin (12 months)2.0% · Below median
Operating margin (12 months)35.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)1.8% · Above median
Dividend yield (12 months)3.3% · Below median
Valuation Multiplesvs REIT - Residential median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/LHRREIT
Frequently asked questions
Is Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 4.54 THB versus a price of 4.28 THB, about +6% upside (fairly valued).
What is the fair value of LHRREIT?
Our model-based fair value for Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 4.54 THB (as of Nov 7, 2026), built from audited fundamentals. The current price: 4.28 THB.
What is the quality score of LHRREIT?
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Our model-based price target is the fair value of 4.54 THB (as of Nov 7, 2026) from 13 valuation models. Cautious scenario 2.06 THB, optimistic scenario 8.63 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust stock forecast for 2026?
Our models put fair value at 4.54 THB, about +6% upside versus a price of 4.28 THB (fairly valued). Cautious scenario 2.06 THB, optimistic scenario 8.63 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust reported trailing-twelve-month revenue of about 344M THB (latest available figure, as of Nov 7, 2026).
Does Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust pay a dividend?
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust currently shows a dividend yield of 3.27% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT) and when is the ex-dividend date?
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust pays a dividend of 0.14 THB per share a year, a dividend yield of 3.3%. The last ex-dividend date was Aug 27, 2026. Free cash flow covers the dividend 0.64 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
For today's price to be fair in a discounted-cash-flow model, Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust would have to grow free cash flow by +26.7 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LHRREIT use?
Our models discount Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust at 10.1 %: a base by market capitalisation (nano), damped by beta 0.20, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust that is +26.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT) delivered so far?
Over the past 5 years revenue at Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust grew +10.5 % a year. The price currently implies free-cash-flow growth of +26.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (+26.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The free-cash-flow yield on the price is 2.08 %: that much free cash flow Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust it is 4.54 THB per share (as of Nov 7, 2026), against a price of 4.28 THB. It is the blended result of 13 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LHRREIT trades below its calculated fair value: price 4.28 THB, fair value 4.54 THB, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LHRREIT?
No. The price is what the market pays today (4.28 THB); the fair value is what the company's own numbers justify (4.54 THB). For Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust the two are 0.2600 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust worth?
The market values Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust at about 1.4B THB (market capitalisation, as of Nov 7, 2026). Per share that is 4.28 THB; our models calculate a fair value of 4.54 THB per share.
What do the bullish and bearish scenarios say about LHRREIT?
Our models span a range for Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust: cautious scenario 2.06 THB, base 4.54 THB, optimistic 8.63 THB per share (as of Nov 7, 2026, price 4.28 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LHRREIT?
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust trades at a price-to-earnings ratio of 214.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.54 THB is built from several models across several years. Other multiples: P/B 0.4, P/S 4.1, EV/EBITDA 12.3.
How solid is the balance sheet of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Balance-sheet figures for Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (as of Nov 7, 2026): return on equity 0.2%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is LHRREIT from its 52-week high?
Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust trades at 4.28 THB, about 7% below its 52-week high of 4.59 THB and 5% above the low of 4.09 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4.54 THB is for.
Which stocks are comparable to Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust?
From the same area (Real Estate) we also value Essex Property Trust, Inc, Invitation Homes, Sun Communities, Inc, Mid-America Apartment Communities, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust stock attractive at the current price?
The data as of Nov 7, 2026: price 4.28 THB, calculated fair value 4.54 THB (+6%), Quality Score 66/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LHRREIT calculated?
We run Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust through 13 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 4.54 THB builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust currently trades 6% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The closing price on Nov 6, 2026 was 4.28 THB. Our model-based fair value is 4.54 THB, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust right now?
The model range is unusually wide (2.06 THB to 8.63 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust
How large is the market capitalisation of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The market capitalisation of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 1.4B THB (≈ $42.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The price-to-sales ratio of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 4.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Earnings per share at Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust are 0.0200 THB (price ÷ EPS = P/E 214.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The dividend yield of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 3.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The net margin of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 2.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The return on equity (ROE) of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 0.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
On an EBIT basis the return on assets of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 2.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
The operating margin of Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is 35.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Revenue at Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust is growing +1.8% versus a year earlier (3y avg +8.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust (LHRREIT)?
Earnings per share at Land And Houses Residential Freehold And Leasehold Real Estate Investment Trust are growing −9.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 7, 2026