Statement of income
(Unit: Baht in thousand except indicated)|
Q2/2024
|
Q1/2024
|
QoQ
|
Q2/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Rental and services income | 73,081 | 72,246 | 1% | 70,349 | 4% |
| Interest income | 2,624 | 2,692 | -3% | 2,567 | 2% |
| Dividend income | 48,000 | 54,000 | -11% | 54,000 | -11% |
| Other income | 930 | 114 | 716% | 2,976 | -69% |
| Total income | 124,635 | 129,052 | -3% | 129,892 | -4% |
| Costs of rental and services | 20,345 | 19,437 | 5% | 20,597 | -1% |
| REIT Manager's fee | 9,999 | 10,261 | -3% | 10,381 | -4% |
| Trustee's fee | 3,444 | 3,513 | -2% | 3,550 | -3% |
| Registrar's fee | 377 | 377 | 0% | 384 | -2% |
| Property management fee | 4,607 | 4,455 | 3% | 4,818 | -4% |
| Professional fees | 1,105 | 615 | 80% | 433 | 155% |
| Other expenses | 1,746 | 880 | 98% | 1,036 | 69% |
| Finance cost | 21,562 | 21,511 | 0% | 19,835 | 9% |
| Income tax expenses | - | - | - | - | - |
| Total expenses | 63,185 | 61,049 | 3% | 61,034 | 4% |
| Net investment income | 61,450 | 68,003 | -10% | 68,858 | -11% |
| Gains (losses) on revaluation of investments in subsidiaries | 22,000 | (42,516) | -152% | 22,000 | 0% |
| Gains (losses) on revaluation of investments in properties and leasehold rights over properties | 1,759 | (214,072) | -101% | 1,819 | -3% |
| Increase in net assets from operations | 85,209 | (188,585) | -145% | 92,677 | -8% |
Statements of financial position
(Unit: Baht in thousand except indicated)|
Q2/2024
|
Q1/2024
|
QoQ
|
Q2/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Investments in debt securities measured at fair value through profit or loss | - | 49,755 | -100% | - | - |
| Investments in subsidiaries at fair value through profit or loss | 6,476,496 | 6,476,496 | 0% | 6,541,012 | -1% |
| Investments in properties and leasehold rights over properties at fair value | 1,937,522 | 1,924,360 | 1% | 2,119,952 | -9% |
| Cash and cash equivalents | 348,171 | 222,376 | 57% | 280,411 | 24% |
| Receivables | 3,918 | 80,938 | -95% | 82,164 | -95% |
| Loan to subsidiary | 96,378 | 96,378 | 0% | 96,378 | 0% |
| Intangible assets | 55 | 61 | -10% | 79 | -30% |
| Prepaid expenses | 4,705 | 6,288 | -25% | 4,901 | -4% |
| Other assets | 20,571 | 21,910 | -6% | 20,176 | 2% |
| Total assets | 8,887,816 | 8,878,562 | 0% | 9,145,073 | -3% |
| Accrued Interest | 15,090 | 7,967 | 89% | 13,145 | 15% |
| Other payables | 8,601 | 12,507 | -31% | 9,963 | -14% |
| Accrued expenses | 21,310 | 22,209 | -4% | 20,683 | 3% |
| Income tax payable | - | - | - | - | - |
| Unearned income | 1,706 | 1,680 | 2% | 1,929 | -12% |
| Deposit received from customers | 86,613 | 86,364 | 0% | 83,261 | 4% |
| Long-term borrowings from financial institutions | 988,879 | 987,155 | 0% | 982,068 | 1% |
| Debentures | 1,049,030 | 1,048,938 | 0% | 1,048,666 | 0% |
| Lease liabilities | 282,119 | 280,360 | 1% | 290,947 | -3% |
| Deferred tax liabilities | - | - | - | - | - |
| Other liabilities | 6,140 | 5,590 | 10% | 5,215 | 18% |
| Total liabilities | 2,459,488 | 2,452,770 | 0% | 2,455,877 | 0% |
| Net assets | 6,428,328 | 6,425,792 | 0% | 6,689,196 | -4% |
| Capital from unitholders | 4,627,634 | 4,647,399 | 0% | 4,697,605 | -1% |
| Retained earnings | 1,800,694 | 1,778,393 | 1% | 1,991,591 | -10% |
| Net assets | 6,428,328 | 6,425,792 | 0% | 6,689,196 | -4% |
| Net asset value per unit (Baht) | 11.7412 | 11.7366 | 0% | 12.2177 | -4% |
Statement of income
(Unit: Baht in thousand except indicated)|
Q2/2024
|
Q1/2024
|
QoQ
|
Q2/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Rental and services income | 189,091 | 196,128 | -4% | 197,138 | -4% |
| Interest income | 1,869 | 1,701 | 10% | 1,750 | 7% |
| Dividend income | - | - | - | - | - |
| Other income | 4,078 | 254 | 1506% | 3,127 | 30% |
| Total income | 195,038 | 198,083 | -2% | 202,015 | -3% |
| Costs of rental and services | 41,541 | 39,928 | 4% | 42,877 | -3% |
| REIT Manager's fee | 9,999 | 10,261 | -3% | 10,381 | -4% |
| Trustee's fee | 3,444 | 3,513 | -2% | 3,550 | -3% |
| Registrar's fee | 377 | 377 | 0% | 384 | -2% |
| Property management fee | 8,458 | 8,342 | 1% | 8,551 | -1% |
| Professional fees | 2,134 | 1,871 | 14% | 876 | 144% |
| Other expenses | 6,506 | 5,631 | 16% | 5,511 | 18% |
| Finance cost | 21,588 | 21,539 | 0% | 19,835 | 9% |
| Income tax expenses | 12,777 | 13,771 | -7% | 14,461 | -12% |
| Total expenses | 106,824 | 105,233 | 2% | 106,426 | 0% |
| Net investment income | 88,214 | 92,850 | -5% | 95,589 | -8% |
| Gains (losses) on revaluation of investments in subsidiaries | - | - | - | - | - |
| Gains (losses) on revaluation of investments in properties and leasehold rights over properties | 1,459 | (298,134) | -100% | 1,819 | -3% |
| Increase in net assets from operations | 89,673 | (205,284) | -144% | 97,408 | -8% |
Statements of financial position
(Unit: Baht in thousand except indicated)|
Q2/2024
|
Q1/2024
|
QoQ
|
Q2/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Investments in debt securities measured at fair value through profit or loss | - | 49,755 | -100% | - | - |
| Investments in subsidiaries at fair value through profit or loss | - | - | - | - | - |
| Investments in properties and leasehold rights over properties at fair value | 8,514,515 | 8,500,040 | 0% | 8,771,810 | -3% |
| Cash and cash equivalents | 695,287 | 651,079 | 7% | 698,924 | -1% |
| Receivables | 8,545 | 8,892 | -4% | 9,473 | -10% |
| Loan to subsidiary | - | - | - | - | - |
| Intangible assets | 19,387 | 20,283 | -4% | 22,989 | -16% |
| Prepaid expenses | 8,033 | 7,483 | 7% | 5,372 | 50% |
| Other assets | 26,156 | 26,806 | -2% | 26,820 | -2% |
| Total assets | 9,271,923 | 9,264,338 | 0% | 9,535,388 | 3% |
| Accrued Interest | 15,090 | 7,967 | 89% | 13,145 | 15% |
| Other payables | 20,757 | 19,960 | 4% | 17,724 | 17% |
| Accrued expenses | 37,309 | 36,880 | 1% | 39,112 | -5% |
| Income tax payable | 19,740 | 29,999 | -34% | 21,329 | -7% |
| Unearned income | 27,991 | 29,433 | -5% | 37,483 | -25% |
| Deposit received from customers | 260,900 | 260,440 | 0% | 249,849 | 4% |
| Long-term borrowings from financial institutions | 988,879 | 987,155 | 0% | 982,068 | 1% |
| Debentures | 1,049,030 | 1,048,938 | 0% | 1,048,666 | 0% |
| Lease liabilities | 284,625 | 283,166 | 1% | 290,947 | -2% |
| Deferred tax liabilities | 32 | 359 | -91% | 695 | -95% |
| Other liabilities | 12,245 | 11,716 | 5% | 15,492 | -21% |
| Total liabilities | 2,716,598 | 2,716,013 | 0% | 2,716,510 | 0% |
| Net assets | 6,555,325 | 6,548,325 | 0% | 6,818,878 | -4% |
| Capital from unitholders | 4,627,634 | 4,647,399 | 0% | 4,697,605 | -1% |
| Retained earnings | 1,927,691 | 1,900,926 | 1% | 2,121,273 | -9% |
| Net assets | 6,555,325 | 6,548,325 | 0% | 6,818,878 | -4% |
| Net asset value per unit (Baht) | 11.9732 | 11.9604 | 0% | 12.4545 | -4% |
Source:
Reference to financial statements Auditor’s Report on Review of Interim Financial Information for Q2/2024, Q1/2024 and Q2/2023