Statement of income
(Unit: Baht in thousand except indicated)|
Q1/2024
|
Q4/2023
|
QoQ
|
Q1/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Rental and services income | 72,246 | 69,487 | 4% | 72,090 | 0% |
| Interest income | 2,692 | 2,760 | -2% | 2,061 | 31% |
| Dividend income | 54,000 | 54,000 | 0% | 55,000 | -2% |
| Other income | 114 | 2,308 | -95% | 499 | -77% |
| Total income | 129,052 | 128,555 | 0% | 129,650 | 0% |
| Costs of rental and services | 19,437 | 20,685 | -6% | 21,565 | -10% |
| REIT Manager's fee | 10,261 | 10,432 | -2% | 10,223 | 0% |
| Trustee's fee | 3,513 | 6,782 | -48% | 3,487 | 1% |
| Registrar's fee | 377 | 380 | -1% | 381 | -1% |
| Property management fee | 4,455 | 4,743 | -6% | 4,716 | -6% |
| Professional fees | 615 | 674 | -9% | 1,656 | -63% |
| Other expenses | 880 | 696 | 27% | 850 | 4% |
| Finance cost | 21,511 | 21,830 | -1% | 18,263 | 18% |
| Income tax expenses | - | - | - | - | - |
| Total expenses | 61,049 | 66,221 | -8% | 61,141 | 0% |
| Net investment income | 68,003 | 62,334 | 9% | 68,509 | -1% |
| Gains (losses) on revaluation of investments in subsidiaries | -42,516 | 22,000 | -293% | 191,652 | -122% |
| Gains (losses) on revaluation of investments in properties and leasehold rights over properties | -214,072 | -14,185 | 1409% | -137,201 | 56% |
| Increase in net assets from operations | -188,585 | 70,149 | -369% | 122,960 | -253% |
Statements of financial position
(Unit: Baht in thousand except indicated)|
Q1/2024
|
Q4/2023
|
QoQ
|
Q1/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Investments in debt securities measured at fair value through profit or loss | 49,755 | - | - | - | - |
| Investments in subsidiaries at fair value through profit or loss | 6,476,496 | 6,541,012 | -1% | 6,541,012 | -1% |
| Investments in properties and leasehold rights over properties at fair value | 1,924,360 | 2,131,431 | -10% | 2,107,127 | -9% |
| Cash and cash equivalents | 222,376 | 277,182 | -20% | 269,952 | -18% |
| Receivables | 80,938 | 80,014 | 1% | 84,487 | -4% |
| Loan to subsidiary | 96,378 | 96,378 | 0% | 96,378 | 0% |
| Intangible assets | 61 | 67 | -9% | 85 | -28% |
| Prepaid expenses | 6,288 | 5,069 | 24% | 6,490 | -3% |
| Other assets | 21,910 | 19,721 | 11% | 19,809 | 11% |
| Total assets | 8,878,562 | 9,150,874 | -3% | 9,125,340 | -3% |
| Accrued Interest | 7,967 | 15,375 | -48% | 5,966 | 34% |
| Other payables | 12,507 | 16,955 | -26% | 6,423 | 95% |
| Accrued expenses | 22,209 | 23,680 | -6% | 20,661 | 7% |
| Income tax payable | - | - | - | - | - |
| Unearned income | 1,680 | 2,372 | -29% | 2,345 | -28% |
| Deposit received from customers | 86,364 | 83,973 | 3% | 85,858 | 1% |
| Long-term borrowings from financial institutions | 987,155 | 985,453 | 0% | 980,413 | 1% |
| Debentures | 1,048,938 | 1,048,848 | 0% | 1,048,577 | 0% |
| Lease liabilities | 280,360 | 278,601 | 1% | 289,127 | -3% |
| Deferred tax liabilities | - | - | - | - | - |
| Other liabilities | 5,590 | 5,740 | -3% | 4,588 | 22% |
| Total liabilities | 2,452,770 | 2,460,997 | 0% | 2,443,958 | 0% |
| Net assets | 6,425,792 | 6,689,877 | -4% | 6,681,382 | -4% |
| Capital from unitholders | 4,647,399 | 4,664,262 | 0% | 4,719,176 | -2% |
| Retained earnings | 1,778,393 | 2,025,615 | -12% | 1,962,206 | -9% |
| Net assets | 6,425,792 | 6,689,877 | -4% | 6,681,382 | -4% |
| Net asset value per unit (Baht) | 11.7366 | 12.2189 | -4% | 12.2034 | -4% |
Statement of income
(Unit: Baht in thousand except indicated)|
Q1/2024
|
Q4/2023
|
QoQ
|
Q1/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Rental and services income | 196,128 | 195,546 | 0% | 199,545 | -2% |
| Interest income | 1,701 | 1,854 | -8% | 482 | 253% |
| Dividend income | - | - | - | - | - |
| Other income | 254 | 5,175 | -95% | 665 | -62% |
| Total income | 198,083 | 202,575 | -2% | 200,692 | -1% |
| Costs of rental and services | 39,928 | 43,589 | -8% | 44,265 | -10% |
| REIT Manager's fee | 10,261 | 10,432 | -2% | 10,223 | 0% |
| Trustee's fee | 3,513 | 6,782 | -48% | 3,487 | 1% |
| Registrar's fee | 377 | 380 | -1% | 381 | -1% |
| Property management fee | 8,342 | 8,751 | -5% | 8,258 | 1% |
| Professional fees | 1,871 | 1,981 | -6% | 2,526 | -26% |
| Other expenses | 5,631 | 4,069 | 38% | 4,967 | 13% |
| Finance cost | 21,539 | 21,861 | -1% | 18,263 | 18% |
| Income tax expenses | 13,771 | 14,595 | -6% | 14,569 | -5% |
| Total expenses | 105,233 | 112,440 | -6% | 106,939 | -2% |
| Net investment income | 92,850 | 90,135 | 3% | 93,753 | -1% |
| Gains (losses) on revaluation of investments in subsidiaries | 0 | - | - | 0 | - |
| Gains (losses) on revaluation of investments in properties and leasehold rights over properties | -298,134 | 1,549 | -19347% | 32,451 | -760% |
| Increase in net assets from operations | -205,284 | 91,684 | -324% | 126,204 | -263% |
Statements of financial position
(Unit: Baht in thousand except indicated)|
Q1/2024
|
Q4/2024
|
QoQ
|
Q1/2023
|
YoY
|
|
|---|---|---|---|---|---|
| Investments in debt securities measured at fair value through profit or loss | 49,755 | - | - | - | - |
| Investments in subsidiaries at fair value through profit or loss | - | - | - | - | - |
| Investments in properties and leasehold rights over properties at fair value | 8,500,040 | 8,790,367 | -3% | 8,744,517 | -3% |
| Cash and cash equivalents | 651,079 | 697,316 | -7% | 692,999 | -6% |
| Receivables | 8,892 | 9,050 | -2% | 9,120 | -3% |
| Loan to subsidiary | - | - | - | - | - |
| Intangible assets | 20,283 | 21,178 | -4% | 23,884 | -15% |
| Prepaid expenses | 7,483 | 6,800 | 10% | 7,604 | -2% |
| Other assets | 26,806 | 25,772 | 4% | 28,962 | -7% |
| Total assets | 9,264,338 | 9,550,482 | -3% | 9,507,086 | -3% |
| Accrued Interest | 7,967 | 15,375 | -48% | 5,966 | 34% |
| Other payables | 19,960 | 28,685 | -30% | 13,806 | 45% |
| Accrued expenses | 36,880 | 35,726 | 3% | 30,993 | 19% |
| Income tax payable | 29,999 | 19,754 | 52% | 28,976 | 4% |
| Unearned income | 29,433 | 36,004 | -18% | 44,616 | -34% |
| Deposit received from customers | 260,440 | 256,766 | 1% | 244,143 | 7% |
| Long-term borrowings from financial institutions | 987,155 | 985,453 | 0% | 980,413 | 1% |
| Debentures | 1,048,938 | 1,048,848 | 0% | 1,048,577 | 0% |
| Lease liabilities | 283,166 | 281,705 | 1% | 289,127 | -2% |
| Deferred tax liabilities | 359 | 603 | -40% | 1,272 | -72% |
| Other liabilities | 11,716 | 12,454 | -6% | 12,864 | -9% |
| Total liabilities | 2,716,013 | 2,721,373 | 0% | 2,700,753 | 1% |
| Net assets | 6,548,325 | 6,829,109 | -4% | 6,806,333 | -4% |
| Capital from unitholders | 4,647,399 | 4,664,262 | 0% | 4,719,176 | -2% |
| Retained earnings | 1,900,926 | 2,164,847 | -12% | 2,087,157 | -9% |
| Net assets | 6,548,325 | 6,829,109 | -4% | 6,806,333 | -4% |
| Net asset value per unit (Baht) | 11.9604 | 12.4732 | -4% | 12.4316 | -4% |
Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q4/2022, Q3/2023 and Q4/2023