Home / Financial Information /Financial Highlights

Statement of income

(Unit: Baht in thousand except indicated)
 
Q1/2021
Q4/2020
QoQ
Q1/2020
YoY
Rental and services income 78,773 78,677 0% 90,449 -13%
Interest income 1,889 2,188 -14% 3,506 -46%
Dividend income 66,000 82,000 -20% 66,000 0%
Other income 2,033 367 454% 184 1005%
Total income 148,695 163,231 -9% 160,139 -7%
Costs of rental and services 17,666 25,343 -30% 21,854 -19%
REIT Manager fee 10,823 11,422 -5% 10,904 -1%
Trustee fee 5,407 5,624 -4% 5,437 -1%
Registrar fee 440 390 13% 459 -4%
Property management fee 4,545 4,347 5% 4,452 2%
Professional fees 576 541 6% 276 109%
Amortisation of deferred expenses 9,450 9,660 -2% 9,555 -1%
Other expenses 4,382 10,395 -58% 1,179 272%
Finance cost 18,202 13,860 31% 18,993 -4%
Income tax expenses   - - - -   -
Total expenses 71,491 81,583 -12% 73,109 -2%
Net investment income 77,204 81,648 -5% 87,030 -11%
Net gains (losses) on investment in securities - - - 984 -100%
Gains (losses) on revaluation of investments in securities - - - (598) -100%
Gains (losses) on revaluation of investments in subsidiaries 148,421 72,898 104% 224,160 -34%
Gains (losses) on revaluation of investments in properties and leasehold rights over properties (172,324) (20,495) 741% 46,051 -474%
Increase in net assets from operations 53,301 134,052 -60% 357,627 -85%


Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q1/2021
Q4/2020
QoQ
Q1/2020
YoY
Invertment in securities at fair value through profit or loss - - - - -
Investments in subsidiaries at fair value through profit or loss 6,437,759 6,311,338 2% 6,090,338 6%
Investments in properties and leasehold rights over properties at fair value 2,234,567 2,258,769 -1% 2,288,206 -2%
Cash and cash equivalents 277,826 296,890 -6% 263,748 5%
Receivables 93,495 86,377 8% 71,465 31%
Loan to subsidiary 96,378 96,378 0% 163,378 -41%
Deferred expenses 20,265 29,715 -32% 58,590 -65%
Intangible assets 134 140 -4% 158 -15%
Deferred tax assets - - - - -
Prepaid expenses 8,036 8,295 -3% 9,195 -13%
Other assets 17,509 17,861 -2% 26,571 -34%
Total assets 9,185,969 9,105,763 1% 8,971,649 2%
Accrued Interest 10,191 23,032 -56% 10,326 -1%
Other payables 16,066 17,527 -8% 11,114 45%
Accrued expenses 17,185 20,247 -15% 38,882 -56%
Income tax payable - - - - -
Unearned income 2,609 3,714 -30% 2,771 -6%
Deposit received from customers 93,483 95,927 -3% 104,861 -11%
Debentures 2,046,424 2,046,146 0% 2,045,303 0%
Lease liabilities 304,567 150,769 102% 162,206 88%
Deferred tax liabilities - - - - -
Other liabilities 8,363 6,873 22% 6,893 21%
Total liabilities 2,498,888 2,364,235 6% 2,382,356 5%
Net assets 6,687,081 6,741,528 -1% 6,589,293 1%
Capital from unitholders 4,916,714 4,916,714 0% 5,016,086 -2%
Retained earnings  1,770,367 1,824,814 -3% 1,573,207 13%
Net assets 6,687,081 6,741,528 -1% 6,589,293 1%
Net asset value per unit (Baht) 12.2138 12.3132 -1% 12.0352 1%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q1/2021
Q4/2020
QoQ
Q1/2020
YoY
Rental and services income 217,891 227,699 -4% 244,399 -11%
Interest income 225 393 -43% 339 -34%
Dividend income -   -   - -   -
Other income 4,825 2,058 134% 236 1944%
Total income 222,941 230,150 -3% 244,974 -9%
Costs of rental and services 34,576 39,707 -13% 46,640 -26%
REIT Manager fee 10,823 11,422 -5% 10,904 -1%
Trustee fee 5,407 5,624 -4% 5,437 -1%
Registrar fee 440 390 13% 459 -4%
Property management fee 7,804 7,660 2% 7,731 1%
Professional fees 1,601 1,557 3% 666 140%
Amortisation of deferred expenses 9,450 9,660 -2% 9,555 -1%
Other expenses 8,034 13,271 -39% 5,859 37%
Finance cost 18,202 13,860 31% 18,993 -4%
Income tax expenses 18,544 22,477 -17% 18,613 0%
Total expenses 114,881 125,627 -9% 124,857 -8%
Net investment income 108,060 104,523 3% 120,117 -10%
Net gains (losses) on investment in securities - - - 984 -100%
Gains (losses) on revaluation of investments in securities - - - (598) -100%
Gains (losses) on revaluation of investments in subsidiaries - - - -
Gains (losses) on revaluation of investments in properties and leasehold rights over properties (45,903) 31,405 -246% 246,211 -119%
Increase in net assets from operations 62,157 135,927 -54% 366,714 -83%

Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q1/2021
Q4/2020
QoQ
Q1/2020
YoY
Invertment in securities at fair value through profit or loss - - - - -
Investments in subsidiaries at fair value through profit or loss - - - - -
Investments in properties and leasehold rights over properties at fair value 8,768,704 8,666,485 1% 8,541,922 3%
Cash and cash equivalents 698,002 702,941 -1% 685,039 2%
Receivables 13,057 14,018 -7% 18,196 -28%
Loan to subsidiary - - - - -
Deferred expenses 20,265 29,715 -32% 58,590 -65%
Intangible assets 31,067 31,952 -3% 34,658 -10%
Deferred tax assets - 69 -100% 5,387 -100%
Prepaid expenses 9,251 10,085 -8% 10,324 -10%
Other assets 22,250 22,752 -2% 66,270 -66%
Total assets 9,562,596 9,478,017 1% 9,420,386 2%
Accrued Interest 10,191 23,032 -56% 10,326 -1%
Other payables 20,609 29,533 -30% 19,834 4%
Accrued expenses 25,825 28,967 -11% 115,534 -78%
Income tax payable 43,108 29,658 45% 46,900 -8%
Unearned income 42,056 41,206 2% 45,783 -8%
Deposit received from customers 262,158 278,061 -6% 287,728 -9%
Debentures 2,046,424 2,046,146 0% 2,045,303 0%
Lease liabilities 304,567 150,769 102% 162,206 88%
Deferred tax liabilities 88 - - - -
Other liabilities 14,232 11,716 21% 13,614 5%
Total liabilities 2,769,258 2,639,088 5% 2,747,228 1%
Net assets 6,793,338 6,838,929 -1% 6,673,158 2%
Capital from unitholders 4,916,714 4,916,714 0% 5,016,086 -2%
Retained earnings  1,876,624 1,922,215 -2% 1,657,072 13%
Net assets 6,793,338 6,838,929 -1% 6,673,158 2%
Net asset value per unit (Baht) 12.4079 12.4912 -1% 12.1884 2%

Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q1/2021, Q1/2020 and Q4/2020