WHA Industrial Leasehold REIT (BKK:WHAIR) FCF Margin %: 85.17% (As of Mar. 2026) — 26% Above Median

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BKK:WHAIR WHA Industrial Leasehold REIT BKK:WHAIR
76 GF Score
Price ฿8.10
GF Value ฿6.19
Valuation Significantly Overvalued
! 8 Warning Signs
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What is WHA Industrial Leasehold REIT FCF Margin %?

WHA Industrial Leasehold REIT BKK:WHAIR 76 FCF Margin % is 85.17% as of Mar. 2026, which is 26% above its 10-year median of 67.78. GuruFocus rates BKK:WHAIR with a GF Score™ of 76/100 and a GF Value™ of ฿6.19 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 937 REITs companies, WHA Industrial Leasehold REIT ranks better than 88.79% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. WHA Industrial Leasehold REIT's Free Cash Flow for the three months ended in Mar. 2026 was ฿213 Mil. WHA Industrial Leasehold REIT's Revenue for the three months ended in Mar. 2026 was ฿250 Mil. Therefore, WHA Industrial Leasehold REIT's FCF Margin % for the quarter that ended in Mar. 2026 was 85.17%.

As of today, WHA Industrial Leasehold REIT's current FCF Yield % is 10.39%.

The historical rank and industry rank for WHA Industrial Leasehold REIT's FCF Margin % or its related term are showing as below:

BKK:WHAIR' s FCF Margin % Range Over the Past 10 Years
Min: -191.01   Med: 67.78   Max: 91.68
Current: 88.2


During the past 10 years, the highest FCF Margin % of WHA Industrial Leasehold REIT was 91.68%. The lowest was -191.01%. And the median was 67.78%.

BKK:WHAIR's FCF Margin % is ranked better than
88.79% of 937 companies
in the REITs industry
Industry Median: 38.91 vs BKK:WHAIR: 88.20


WHA Industrial Leasehold REIT FCF Margin % Related Terms


WHA Industrial Leasehold REIT FCF Margin % Historical Data

* Premium members only.

The historical data trend for WHA Industrial Leasehold REIT's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

WHA Industrial Leasehold REIT FCF Margin % Chart

WHA Industrial Leasehold REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.42 -84.59 72.07 -21.84 76.77

WHA Industrial Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.95 95.06 85.66 86.83 85.17

BKK:WHAIR vs PLD, PSA, EXR: FCF Margin % Comparison

For the REIT - Industrial subindustry, WHA Industrial Leasehold REIT's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WHA Industrial Leasehold REIT FCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, WHA Industrial Leasehold REIT's FCF Margin % distribution charts can be found below:

* The bar in red indicates where WHA Industrial Leasehold REIT's FCF Margin % falls into.


BKK:WHAIR
76GF Score
WHA Industrial Leasehold REIT BKK:WHAIR
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WHA Industrial Leasehold REIT FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

WHA Industrial Leasehold REIT's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=780.564/1016.699
=76.77 %

WHA Industrial Leasehold REIT's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=212.595/249.612
=85.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 85.17% mean?
WHA Industrial Leasehold REIT (BKK:WHAIR) has a FCF Margin % of 85.17% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on WHA Industrial Leasehold REIT and its competitors. This is 26% above median its historical median of 67.78. According to the industry distribution chart, WHA Industrial Leasehold REIT ranks #105 out of 937 companies in the REITs industry, placing it in the top 11.2%.
Is WHA Industrial Leasehold REIT's FCF Margin % too high?
WHA Industrial Leasehold REIT's current FCF Margin % of 85.17% is 26% above median its 10-year median of 67.78. The REITs industry median FCF Margin % is 38.91. WHA Industrial Leasehold REIT's value of 85.17% is 118.9% above this industry median. Based on the distribution chart, WHA Industrial Leasehold REIT ranks #105 out of 937 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, WHA Industrial Leasehold REIT has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WHA Industrial Leasehold REIT's FCF Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, WHA Industrial Leasehold REIT ranks #105 out of 937 companies for FCF Margin %. This places WHA Industrial Leasehold REIT in the top 11% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 38.91. WHA Industrial Leasehold REIT's value of 85.17% is 118.9% above this benchmark. While the company's 10-year median is 67.78 vs. the industry median of 38.91, WHA Industrial Leasehold REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 38.91, based on 937 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. WHA Industrial Leasehold REIT's current FCF Margin % of 85.17% is 118.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on WHA Industrial Leasehold REIT and its competitors. For the REITs industry, the median FCF Margin % is 38.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WHA Industrial Leasehold REIT's current FCF Margin % is 85.17%, which is 26% above median its own 10-year median of 67.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WHA Industrial Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, WHA Industrial Leasehold REIT (BKK:WHAIR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿6.19, compared to a current price of ฿8.10 — trading 30.9% above its estimated fair value. The current FCF Margin % is 85.17%, which is 26% above median its 10-year median of 67.78 and 118.9% above the REITs industry median of 38.91. WHA Industrial Leasehold REIT's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For WHA Industrial Leasehold REIT (BKK:WHAIR), the current FCF Margin % is 85.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is WHA Industrial Leasehold REIT (BKK:WHAIR) Overvalued in 2026?

Based on GuruFocus' analysis, WHA Industrial Leasehold REIT stock appears to be overvalued. The current stock price of ฿8.10 is trading 30.9% above its estimated GF Value™ of ฿6.19. GuruFocus considers WHA Industrial Leasehold REIT to be Significantly Overvalued.

Key valuation signals for BKK:WHAIR:

  • FCF Margin %: 85.17% (26% above median its 10-year median of 67.78)
  • GF Value™: ฿6.19 vs. price of ฿8.10 (30.9% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 118.9% above the REITs median (#105 of 937)

No single metric tells the full story. See the BKK:WHAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WHA Industrial Leasehold REIT Business Description

Industry Real EstateREITs
Address Debaratna Road (Bangna-Trad) KM.7, Moo 13, No. 777, WHA Tower, Unit 2101, 21st Floor, Bang Kaeo, Bang Phli, Samut Prakarn, THA, 10540
WHA Industrial Leasehold REIT is a Thailand-based REIT. The company invests in leasehold lands mainly in Thailand for the purpose of building warehouses and factories. It serves tenants and entrepreneurs from various industries. The Trust's revenue derives from rental income from ordinary business activities and also includes relevant service income.
76GF Score

Get the complete analysis for BKK:WHAIR

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿8.10
Price
฿6.19
GF Value