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