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Statement of income

(Unit: Baht in thousand except indicated)
 
Q3/2021
Q2/2021
QoQ
Q3/2020
YoY
Rental and services income 57,910 73,600 -21% 78,198 -26%
Interest income 1,911 1,922 -1% 2,586 -26%
Dividend income 58,000 66,000 -12% 90,000 -36%
Other income 350 1,846 -81% 3,525 -90%
Total income 118,171 143,368 -18% 174,309 -32%
Costs of rental and services 17,165 23,334 -26% 12,091 42%
REIT Manager fee 10,294 10,637 -3% 11,966 -14%
Trustee fee 3,580 3,557 1% 5,613 -36%
Registrar fee 450 445 1% 390 15%
Property management fee 4,605 4,445 4% 4,244 9%
Professional fees 343 265 29% 480 -29%
Amortisation of deferred expenses 9,660 9,555 1% 9,660 0%
Other expenses 5,261 10,409 -49% 1,100 378%
Finance cost 14,744 14,633 1% 13,836 7%
Income tax expenses   - - - -   -
Total expenses 66,102 77,280 -14% 59,380 11%
Net investment income 52,069 66,088 -21% 114,929 -55%
Gains (losses) on revaluation of investments in subsidiaries 22,000 22,000 0% 71,774 -69%
Gains (losses) on revaluation of investments in properties and leasehold rights over properties 1,937 1,917 1% (4,965) -139%
Increase in net assets from operations 76,006 90,005 -16% 181,738 -58%


Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q3/2021
Q2/2021
QoQ
Q3/2020
YoY
Investments in subsidiaries at fair value 6,437,759 6,437,759 0% 6,238,439 3%
Investments in properties and leasehold rights over properties at fair value 2,238,421 2,236,484 0% 2,279,264 -2%
Cash and cash equivalents 284,592 294,946 -4% 280,945 1%
Receivables 89,151 96,083 -7% 96,873 -8%
Loan to subsidiary 96,378 96,378 0% 117,378 -18%
Deferred expenses 1,050 10,710 -90% 39,375 -97%
Intangible assets 121 128 -5% 146 -17%
Deferred tax assets - - - - -
Prepaid expenses 5,291 6,099 -13% 7,433 -29%
Other assets 17,471 17,243 1% 20,125 -13%
Total assets 9,170,234 9,195,830 0% 9,079,978 1%
Accrued Interest 10,461 22,622 -54% 10,462 0%
Other payables 11,058 14,637 -24% 5,889 88%
Accrued expenses 17,510 17,971 -3% 25,614 -32%
Income tax payable - - - - -
Unearned income 2,242 2,332 -4% 2,586 -13%
Deposit received from customers 90,693 91,234 -1% 102,107 -11%
Debentures 2,046,997 2,046,709 0% 2,045,862 0%
Lease liabilities 308,421 306,484 1% 164,264 88%
Deferred tax liabilities - - - - -
Other liabilities 4,960 4,355 14% 6,216 -20%
Total liabilities 2,492,342 2,506,344 -1% 2,363,000 5%
Net assets 6,677,892 6,689,486 0% 6,716,978 -1%
Capital from unitholders 4,853,368 4,877,568 0% 4,948,579 -2%
Retained earnings  1,824,524 1,811,918 0% 1,768,399 3%
Net assets 6,677,892 6,689,486 0% 6,716,978 -1%
Net asset value per unit (Baht) 12.1970 12.2182 0% 12.2684 -1%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q3/2021
Q2/2021
QoQ
Q3/2020
YoY
Rental and services income 182,855 209,789 -13% 228,491 -20%
Interest income 148 211 -30% 272 -46%
Dividend income -   -   - -   -
Other income 367 1,943 -81% 3,628 -90%
Total income 183,370 211,943 -13% 232,391 -21%
Costs of rental and services 37,874 41,435 -9% 7,250 422%
REIT Manager fee 10,294 10,637 -3% 11,966 -14%
Trustee fee 3,580 3,557 1% 5,613 -36%
Registrar fee 450 445 1% 390 15%
Property management fee 7,889 7,781 1% 7,521 5%
Professional fees 1,323 1,287 3% 1,404 -6%
Amortisation of deferred expenses 9,660 9,555 1% 9,660 0%
Other expenses 8,882 14,058 -37% 5,202 71%
Finance cost 14,744 14,633 -11% 13,836 7%
Income tax expenses 15,167 17,116 -11% 24,610 -38%
Total expenses 109,860 120,504 -9% 87,452 26%
Net investment income 73,510 91,439 -20% 144,939 -49%
Gains (losses) on revaluation of investments in subsidiaries - - - -
Gains (losses) on revaluation of investments in properties and leasehold rights over properties 1,917 1,917 1% 44,809 -96%
Increase in net assets from operations 75,447 93,356 -19% 189,748 -60%

Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q3/2021
Q2/2021
QoQ
Q3/2020
YoY
Investments in subsidiaries at fair value - - - - -
Investments in properties and leasehold rights over properties at fair value 8,772,558 8,770,621 0% 8,635,080 2%
Cash and cash equivalents 672,282 703,230 -4% 675,979 -1%
Receivables 7,371 12,653 -42% 21,039 -65%
Loan to subsidiary - - - - -
Deferred expenses 1,050 10,710 -90% 39,375 -97%
Intangible assets 29,266 30,171 -3% 32,858 -65%
Deferred tax assets - - - 558 -100%
Prepaid expenses 5,51 6,896 -20% 7,55 -27%
Other assets 24,422 22,935 6% 42,057 -42%
Total assets 9,512,460 9,557,216 0% 9,454,501 1%
Accrued Interest 10,461 22,622 -54% 10,462 0%
Other payables 16,587 21,575 -54% 10,643 56%
Accrued expenses 27,244 25,092 -23% 64,321 -58%
Income tax payable 10,651 25,493 -58% 12,796 -17%
Unearned income 37,073 42,079 -12% 37,237 0%
Deposit received from customers 255,971 257,890 0% 285,345 -10%
Debentures 2,046,997 2,046,709 0% 2,045,862 0%
Lease liabilities 308,421 306,484 1% 164,264 88%
Deferred tax liabilities 630 344 83% - -
Other liabilities 11,484 9,834 17% 12,829 -10%
Total liabilities 2,725,519 2,758,122 -1% 2,643,849 3%
Net assets 6,786,941 6,799,094 0% 6,810,652 0%
Capital from unitholders 4,853,368 4,877,568 0% 4,948,579 -2%
Retained earnings  1,933,573 1,921,526 1% 1,862,073 4%
Net assets 6,786,941 6,799,094 0% 6,810,652 0%
Net asset value per unit (Baht) 12.3962 12.4184 0% 12.4395 0%

Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q2/2021, Q3/2021 and Q3/2020