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Statement of income

(Unit: Baht in thousand except indicated)
 
Q2/2023
Q1/2023
QoQ
Q2/2022
YoY
Rental and services income 70,349 72,090 -2% 72,508 -3%
Interest income 2,567 2,061 25% 1,900 35%
Dividend income 54,000 55,000 -2% 52,000 4%
Other income 2,976 499 496% 183 1526%
Total income 129,892 129,650 0% 126,591 3%
Costs of rental and services 20,597 21,565 -4% 21,799 -6%
REIT Manager's fee 10,381 10,223 2% 10,237 1%
Trustee's fee 3,550 3,487 2% 3,533 0%
Registrar's fee 384 381 1% 359 7%
Property management fee 4,818 4,716 2% 4,501 7%
Professional fees 433 1,656 -74% 357 21%
Other expenses 1,036 850 22% 5,424 -81%
Finance cost 19,835 18,263 9% 14,595 36%
Income tax expenses  -   -  -  -  -
Total expenses 61,034 61,141 0% 60,805 0%
Net investment income 68,858 68,509 1% 65,786 5%
Gains (losses) on revaluation of investments in subsidiaries 22,000 191,652 -89% 22,000 0%
Gains (losses) on revaluation of investments in properties and leasehold rights over properties 1,819 -137,201 -101% 1,873 -3%
Increase in net assets from operations 92,677 122,960 -25% 89,659 3%


Statements of financial position

(Unit: Baht in thousand except indicated)
 
Q2/2023
Q1/2023
QoQ
Q2/2022
YoY
Investments in subsidiaries at fair value through profit or loss 6,541,012 6,541,012 0% 6,371,360 3%
Investments in properties and leasehold rights over properties at fair value 2,119,952 2,107,127 1% 2,256,564 -6%
Cash and cash equivalents 280,411 269,952 4% 301,425 -7%
Receivables 82,164 84,487 -3% 79,100 4%
Loan to subsidiary 96,378 96,378 - 96,378 -
Intangible assets 79 85 -7% 103 -23%
Prepaid expenses 4,901 6,490 -24% 7,905 -38%
Other assets 20,176 19,809 2% 18,346 10%
Total assets 9,145,073 9,125,340 0% 9,131,181 0%
Accrued Interest 13,145 5,966 120% 22,622 -42%
Other payables 9,963 6,423 55% 8,799 13%
Accrued expenses 20,683 20,661 0% 17,278 20%
Income tax payable - - - - -
Unearned income 1,929 2,345 -18% 1,717 12%
Deposit received from customers 83,261 85,858 -3% 91,478 -9%
Long-term borrowings from financial institutions 982,068 980,413 0% - -
Debentures 1,048,666 1,048,577 0% 2,047,864 -49%
Lease liabilities 290,947 289,127 1% 299,564 -3%
Deferred tax liabilities - - - - -
Other liabilities 5,215 4,588 14% 5,604 -7%
Total liabilities 2,455,877 2,443,958 0% 2,494,926 -2%
Net assets 6,689,196 6,681,382 0% 6,636,255 1%
Capital from unitholders 4,697,605 4,719,176 0% 4,779,949 -2%
Retained earnings 1,991,591 1,962,206 1% 1,856,306 7%
Net assets 6,689,196 6,681,382 0% 6,636,255 1%
Net asset value per unit (Baht) 12.2177 12.2034 0% 12.1210 1%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q2/2023
Q1/2023
QoQ
Q2/2022
YoY
Rental and services income 197,138 199,545 -1% 192,191 3%
Interest income 1,750 482 263% 161 987%
Dividend income - - - - -
Other income 3,127 665 370% 251 1146%
Total income 202,015 200,692 1% 192,603 5%
Costs of rental and services 42,877 44,265 -3% 42,504 1%
REIT Manager's fee 10,381 10,223 2% 10,237 1%
Trustee's fee 3,550 3,487 2% 3,533 0%
Registrar's fee 384 381 1% 359 7%
Property management fee 8,551 8,258 4% 8,022 7%
Professional fees 876 2,526 -65% 1,615 -46%
Other expenses 5,511 4,967 11% 9,181 -40%
Finance cost 19,835 18,263 9% 14,595 36%
Income tax expenses 14,461 14,569 -1% 13,367 8%
Total expenses 106,426 106,939 0% 103,413 3%
Net investment income 95,589 93,753 2% 89,190 7%
Gains (losses) on revaluation of investments in subsidiaries - - - - -
Gains (losses) on revaluation of investments in properties and leasehold rights over properties 1,819 32,451 -94% 1,873 -3%
Increase in net assets from operations 97,408 126,204 -23% 91,063 7%

Statements of financial position

(Unit: Baht in thousand except indicated)
 
Q2/2023
Q1/2023
QoQ
Q2/2022
YoY
Investments in subsidiaries at fair value through profit or loss - - - - -
Investments in properties and leasehold rights over properties at fair value 8,771,810 8,744,517 0% 8,724,302 1%
Cash and cash equivalents 698,924 692,999 1% 705,817 -1%
Receivables 9,473 9,120 4% 7,899 20%
Loan to subsidiary - - - - -
Intangible assets 22,989 23,884 -4% 26,580 -14%
Prepaid expenses 5,372 7,604 -29% 8,408 -36%
Other assets 26,820 28,962 -7% 27,970 -4%
Total assets 9,535,388 9,507,086 0% 9,500,976 0%
Accrued Interest 13,145 5,966 120% 22,622 -42%
Other payables 17,724 13,806 28% 16,021 11%
Accrued expenses 39,112 30,993 26% 26,587 47%
Income tax payable 21,329 28,976 -26% 19,409 10%
Unearned income 37,483 44,616 -16% 42,519 -12%
Deposit received from customers 249,849 244,143 2% 253,132 -1%
Long-term borrowings from financial institutions 982,068 980,413 0% - -
Debentures 1,048,666 1,048,577 0% 2,047,864 -49%
Lease liabilities 290,947 289,127 1% 299,564 -3%
Deferred tax liabilities 695 1,272 -45% 1,044 -33%
Other liabilities 15,492 12,864 20% 13,057 19%
Total liabilities 2,716,510 2,700,753 1% 2,741,819 -1%
Net assets 6,818,878 6,806,333 0% 6,759,157 1%
Capital from unitholders 4,697,605 4,719,176 0% 4,779,949 -2%
Retained earnings 2,121,273 2,087,157 2% 1,979,208 7%
Net assets 6,818,878 6,806,333 0% 6,759,157 1%
Net asset value per unit (Baht) 12.4545 12.4316 0% 12.3454 1%

Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q2/2022, Q1/2023 and Q2/2023