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Statement of income

(Unit: Baht in thousand except indicated)
 
Q4/2023
Q3/2023
QoQ
Q4/2022
YoY
Rental and services income 69,487 69,484 0% 69,612 0%
Interest income 2,760 2,786 -1% 2,042 35%
Dividend income 54,000 53,000 2% 52,000 4%
Other income 2,308 270 755% 363 535%
Total income 128,555 125,540 2% 124,018 4%
Costs of rental and services 20,685 19,427 6% 25,639 -19%
REIT Manager's fee 10,432 10,256 2% 10,218 2%
Trustee's fee 6,782 3,588 89% 6,803 0%
Registrar's fee 380 385 -1% 392 -3%
Property management fee 4,743 4,798 -1% 4,373 8%
Professional fees 674 527 28% 1,827 -63%
Other expenses 696 7,333 -91% 799 -13%
Finance cost 21,830 20,822 5% 14,738 48%
Income tax expenses - - - - -
Total expenses 66,221 67,136 -1% 64,788 2%
Net investment income 62,334 58,404 7% 59,229 5%
Gains (losses) on revaluation of investments in subsidiaries 22,000 22,000 0% 22,000 0%
Gains (losses) on revaluation of investments in properties and leasehold rights over properties (14,185) 1,839 -871% (14,130) 0%
Increase in net assets from operations 70,149 82,243 -15% 67,099 5%


Statements of financial position

(Unit: Baht in thousand except indicated)
 
Q4/2023
Q3/2023
QoQ
Q4/2022
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 2,131,431 2,134,413 0% 2,244,328 -5%
Cash and cash equivalents 277,182 274,352 1% 299,193 -7%
Receivables 80,014 79,550 1% 79,066 1%
Loan to subsidiary 96,378 96,378 0% 96,378 0%
Intangible assets 67 73 -8% 91 -26%
Prepaid expenses 5,069 4,931 3% 4,753 7%
Other assets 19,721 19,236 3% 17,863 10%
Total assets 9,150,874 9,149,945 0% 9,113,033 0%
Accrued Interest 15,375 7,779 98% 23,031 -33%
Other payables 16,955 12,384 37% 10,796 57%
Accrued expenses 23,680 20,830 14% 20,470 16%
Income tax payable - - - - -
Unearned income 2,372 2,345 1% 2,358 1%
Deposit received from customers 83,973 82,971 1% 86,692 -3%
Long-term borrowings from financial institutions 985,453 983,753 0% - -
Debentures 1,048,848 1,048,757 0% 2,048,456 -49%
Lease liabilities 278,601 292,785 -5% 287,328 -3%
Deferred tax liabilities - - - - -
Other liabilities 5,740 5,632 2% 4,305 33%
Total liabilities 2,460,997 2,457,236 0% 2,483,436 -1%
Net assets 6,689,877 6,692,709 0% 6,629,596 1%
Capital from unitholders 4,664,262 4,680,961 0% 4,739,434 -2%
Retained earnings 2,025,615 2,011,748 1% 1,890,163 7%
Net assets 6,689,877 6,692,709 0% 6,629,596 1%
Net asset value per unit (Baht) 12.2189 12.2241 0% 12.1088 1%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q4/2023
Q3/2023
QoQ
Q4/2022
YoY
Rental and services income 195,546 192,746 1% 193,054 1%
Interest income 1,854 1,449 28% 562 230%
Dividend income - - - - -
Other income 5,175 3,069 69% 544 852%
Total income 202,575 197,264 3% 194,160 4%
Costs of rental and services 43,589 41,699 5% 52,077 -16%
REIT Manager's fee 10,432 10,256 2% 10,218 2%
Trustee's fee 6,782 3,588 89% 6,803 0%
Registrar's fee 380 385 -1% 392 -3%
Property management fee 8,751 8,736 0% 7,948 10%
Professional fees 1,981 882 125% 2,866 -31%
Other expenses 4,069 12,212 -67% 4,506 -10%
Finance cost 21,861 20,857 5% 14,738 48%
Income tax expenses 14,595 13,899 5% 13,673 7%
Total expenses 112,440 112,514 0% 113,221 -1%
Net investment income 90,135 84,750 6% 80,938 11%
Gains (losses) on revaluation of investments in subsidiaries - - - - -
Gains (losses) on revaluation of investments in properties and leasehold rights over properties (14,479) 1,549 -1035% (14,130) 0%
Increase in net assets from operations 75,655 86,299 -12% 66,808 13%

Statements of financial position

(Unit: Baht in thousand except indicated)
 
Q4/2023
Q3/2023
QoQ
Q4/2022
YoY
Investments in subsidiaries at fair value through profit or loss - - - - -
Investments in properties and leasehold rights over properties at fair value 8,790,367 8,792,033 0% 8,712,066 1%
Cash and cash equivalents 697,316 667,477 4% 710,153 -2%
Receivables 9,050 10,531 -14% 7,286 24%
Loan to subsidiary - - - - -
Intangible assets 21,178 22,083 -4% 24,770 -14%
Prepaid expenses 6,800 8,770 -22% 6,352 7%
Other assets 25,772 25,232 2% 27,273 -6%
Total assets 9,550,482 9,526,126 0% 9,487,899 1%
Accrued Interest 15,375 7,779 98% 23,031 -33%
Other payables 28,685 23,173 24% 19,661 46%
Accrued expenses 35,726 38,579 -7% 30,084 19%
Income tax payable 19,754 9,268 113% 18,491 7%
Unearned income 36,004 34,530 4% 42,138 -15%
Deposit received from customers 256,766 245,631 5% 253,319 1%
Long-term borrowings from financial institutions 985,453 983,753 0% - -
Debentures 1,048,848 1,048,757 0% 2,048,456 -49%
Lease liabilities 281,705 296,179 -5% 287,328 -2%
Deferred tax liabilities 603 618 -2% 1,415 -57%
Other liabilities 12,454 11,412 9% 12,672 -2%
Total liabilities 2,721,373 2,699,679 1% 2,736,595 -1%
Net assets 6,829,109 6,826,447 0% 6,751,304 1%
Capital from unitholders 4,664,262 4,680,961 0% 4,739,434 -2%
Retained earnings 2,164,847 2,145,486 1% 2,011,870 8%
Net assets 6,829,109 6,826,447 0% 6,751,304 1%
Net asset value per unit (Baht) 12.4732 12.4684 0% 12.3311 1%

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