Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Operating Income: ฿731.8 Mil (TTM As of Mar. 2026)


BKK:PROSPECT Prospect Logistics and Industrial Freehold and Leasehold REIT BKK:PROSPECT
48 GF Score
Price ฿10.60
GF Value ฿8.44
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is Prospect Logistics and Industrial Freehold and Leasehold REIT Operating Income?

Prospect Logistics and Industrial Freehold and Leasehold REIT BKK:PROSPECT +0.95% 48 Operating Income is ฿731.8 Mil as of Mar. 2026. GuruFocus rates BKK:PROSPECT with a GF Score™ of 48/100 and a GF Value™ of ฿8.44 (Modestly Overvalued). The stock has 11 warning signs investors should review.

Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Income for the three months ended in Mar. 2026 was ฿213.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿731.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Income for the three months ended in Mar. 2026 was ฿213.7 Mil. Prospect Logistics and Industrial Freehold and Leasehold REIT's Revenue for the three months ended in Mar. 2026 was ฿284.4 Mil. Therefore, Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Margin % for the quarter that ended in Mar. 2026 was 75.14%.

Prospect Logistics and Industrial Freehold and Leasehold REIT's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Prospect Logistics and Industrial Freehold and Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 8.26%. Prospect Logistics and Industrial Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.


Prospect Logistics and Industrial Freehold and Leasehold REIT  (BKK:PROSPECT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Prospect Logistics and Industrial Freehold and Leasehold REIT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=854.808 * ( 1 - 0% )/( (10400.791 + 10285.868)/ 2 )
=854.808/10343.3295
=8.26 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10053.948 - 59.632 - ( 57.05 - max(0, 551.766 - 145.291+57.05))
=10400.791

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10064.528 - 79.824 - ( 37.501 - max(0, 451.765 - 150.601+37.501))
=10285.868

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Prospect Logistics and Industrial Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=907.44/( ( (0 + max(-358.647, 0)) + (0 + max(-338.691, 0)) )/ 2 )
=907.44/( ( 0 + 0 )/ 2 )
=907.44/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55.626 + 0 + 32.614) - (59.632 + 387.255 + 0)
=-358.647

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.838 + 0 + 64.236) - (79.824 + 371.941 + 0)
=-338.691

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=213.702/284.392
=75.14 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Prospect Logistics and Industrial Freehold and Leasehold REIT Operating Income Related Terms


Prospect Logistics and Industrial Freehold and Leasehold REIT Operating Income Historical Data

* Premium members only.

The historical data trend for Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Income 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.

Prospect Logistics and Industrial Freehold and Leasehold REIT Operating Income Chart

Prospect Logistics and Industrial Freehold and Leasehold REIT Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 335.35 316.98 360.30 419.13 613.44

Prospect Logistics and Industrial Freehold and Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 95.32 121.06 190.35 206.73 213.70
BKK:PROSPECT
48GF Score
Prospect Logistics and Industrial Freehold and Leasehold REIT BKK:PROSPECT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Prospect Logistics and Industrial Freehold and Leasehold REIT Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿731.8 Mil.

* 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 Operating Income →
What does a Operating Income of ฿731.8 Mil mean?
Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) has a Operating Income of ฿731.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Prospect Logistics and Industrial Freehold and Leasehold REIT and its competitors.
Is Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Income too high?
Prospect Logistics and Industrial Freehold and Leasehold REIT's current Operating Income is ฿731.8 Mil. Overall, Prospect Logistics and Industrial Freehold and Leasehold REIT has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Income compare to PLD and PSA?
Prospect Logistics and Industrial Freehold and Leasehold REIT's Operating Income of ฿731.8 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Prospect Logistics and Industrial Freehold and Leasehold REIT and its competitors. Prospect Logistics and Industrial Freehold and Leasehold REIT's current Operating Income is ฿731.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prospect Logistics and Industrial Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿8.44, compared to a current price of ฿10.60 — trading 25.6% above its estimated fair value. The current Operating Income is ฿731.8 Mil. Prospect Logistics and Industrial Freehold and Leasehold REIT's overall GF Score™ is 48/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT), the current Operating Income is ฿731.8 Mil 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 Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Overvalued in 2026?

Based on GuruFocus' analysis, Prospect Logistics and Industrial Freehold and Leasehold REIT stock appears to be overvalued. The current stock price of ฿10.60 is trading 25.6% above its estimated GF Value™ of ฿8.44. GuruFocus considers Prospect Logistics and Industrial Freehold and Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:PROSPECT:

  • Operating Income: ฿731.8 Mil
  • GF Value™: ฿8.44 vs. price of ฿10.60 (25.6% above fair value)
  • GF Score™: 48/100 with 11 warning signs

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


Prospect Logistics and Industrial Freehold and Leasehold REIT Business Description

Industry Real EstateREITs
Address Surawong Road, No. 345, Building 345, Surawong Building, 5th Floor, Suriyawong Subdistrict, Bangrak District, Bangkok, THA, 10500
Prospect Logistics and Industrial Freehold and Leasehold REIT is a real estate investment trust operating as a closed-end trust, and mainly invests in factory and warehouse space for rent. The company's investment portfolio consists of the following projects: Sub-leasehold rights of parts of land and buildings in the Bangkok Free Trade Zone 1 (BFTZ 1); the ownership over the land and built-to-suit factory and office building in the X44 Bangna Km.18; Leasehold right of parts of the land and ownership over parts of the buildings in Bangkok Free Trade Zone 2 (BFTZ 2); and Ownership over parts of the land and buildings in Bangkok Free Trade Zone 3 (BFTZ 3). Prospect generates primary revenue from the leasing of warehouse and factory buildings.
48GF Score

Get the complete analysis for BKK:PROSPECT

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

฿10.60
Price
฿8.44
GF Value