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Statement of income

(Unit: Baht in thousand except indicated)
 
Q4/2021
Q3/2021
QoQ
Q4/2020
YoY
Rental and services income 70,302 57,910 21% 78,677 -11%
Interest income 1,930 1,911 1% 2,188 -12%
Dividend income 50,000 58,000 -14% 82,000 -39%
Other income 205 350 -41% 367 -44%
Total income 122,437 118,171 4% 163,231 -25%
Costs of rental and services 21,788 17,165 27% 25,343 -14%
REIT Manager fee 10,402 10,294 1% 11,422 -9%
Trustee fee 4,866 3,580 36% 5,624 -13%
Registrar fee 263 450 -41% 390 -32%
Property management fee 4,502 4,605 -2% 4,347 4%
Professional fees 398 343 16% 541 -27%
Amortisation of deferred expenses 1,050 9,660 -89% 9,660 -89%
Other expenses (4,878) 5,261 -193% 10,395 -147%
Finance cost 14,780 14,744 0% 13,860 7%
Income tax expenses - - - - -
Total expenses 53,171 66,102 -20% 81,583 -35%
Net investment income 69,266 52,069 33% 81,648 -15%
Gains (losses) on revaluation of investments in subsidiaries 22,000 22,000 0% 72,898 -70%
Gains (losses) on revaluation of investments in properties and leasehold rights over properties (12,582) 1,937 -750% (20,495) -39%
Increase in net assets from operations 78,684 76,006 4% 134,052 -41%


Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q4/2021
Q3/2021
QoQ
Q4/2020
YoY
Invertment in securities at fair value through profit or loss 6,437,759 6,437,759 0% 6,311,338 2%
Investments in properties and leasehold rights over properties at fair value 2,225,839 2,238,421 -1% 2,258,769 -1%
Cash and cash equivalents 293,144 284,592 3% 296,890 -1%
Receivables 88,255 89,151 -1% 86,377 2%
Loan to subsidiary 96,378 96,378 0% 96,378 0%
Deferred expenses - 1,050 -100% 29,715 -100%
Intangible assets 115 121 -5% 140 -17%
Deferred tax assets - - - - -
Prepaid expenses 5,991 5,291 13% 8,295 -28%
Other assets 17,402 17,471 0% 17,861 -3%
Total assets 9,164,885 9,170,234 0% 9,105,763 1%
Accrued Interest 23,032 10,461 120% 23,032 0%
Other payables 9,991 11,058 -10% 17,527 -43%
Accrued expenses 17,373 17,510 -1% 20,247 -14%
Income tax payable - - - - -
Unearned income 2,468 2,242 10% 3,714 -34%
Deposit received from customers 91,771 90,693 1% 95,927 -4%
Debentures 2,047,287 2,046,997 0% 2,046,146 0%
Lease liabilities 295,839 308,421 -4% 150,769 96%
Deferred tax liabilities - - - - -
Other liabilities 4,479 4,960 -10% 6,873 -35%
Total liabilities 2,492,240 2,492,342 0% 2,364,235 5%
Net assets 6,672,645 6,677,892 0% 6,741,528 -1%
Capital from unitholders 4,821,504 4,853,368 -1% 4,916,714 -2%
Retained earnings 1,851,141 1,824,524 1% 1,824,814 1%
Net assets 6,672,645 6,677,892 0% 6,741,528 -1%
Net asset value per unit (Baht) 12.1874 12.1970 0% 12.3132 -1%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q4/2021
Q3/2021
QoQ
Q4/2020
YoY
Rental and services income 192,407 182,855 5% 227,699 -15%
Interest income 169 148 14% 393 -57%
Dividend income - - - - -
Other income 490 367 34% 2,058 -76%
Total income 193,066 183,370 5% 230,150 -16%
Costs of rental and services 41,446 37,874 9% 39,707 4%
REIT Manager fee 10,402 10,294 1% 11,422 -9%
Trustee fee 4,866 3,580 36% 5,624 -13%
Registrar fee 263 450 -41% 390 -32%
Property management fee 7,835 7,886 -1% 7,660 2%
Professional fees 1,446 1,323 9% 1,557 -7%
Amortisation of deferred expenses 1,050 9,660 -89% 9,660 -89%
Other expenses (1,469) 8,882 -117% 13,271 -111%
Finance cost 14,780 14,744 0% 13,860 7%
Income tax expenses 14,632 15,167 -4% 22,477 -35%
Total expenses 95,252 109,860 -13% 125,627 -24%
Net investment income 97,813 73,510 33% 104,523 -6%
Gains (losses) on revaluation of investments in subsidiaries - - - - -
Gains (losses) on revaluation of investments in properties and leasehold rights over properties (12,582) 1,937 -750% 31,405 -140%
Increase in net assets from operations 85,232 75,447 13% 135,927 -37%

Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q4/2021
Q3/2021
QoQ
Q4/2020
YoY
Invertment in securities at fair value through profit or loss - - - - -
Investments in properties and leasehold rights over properties at fair value 8,759,976 8,772,558 0% 8,666,485 1%
Cash and cash equivalents 692,860 672,282 3% 702,941 -1%
Receivables 13,220 7,371 79% 14,018 -6%
Loan to subsidiary - - - - -
Deferred expenses - 1,050 -100% 29,715 -100%
Intangible assets 28,361 29,266 -3% 31,952 -11%
Deferred tax assets - - - 69 -100%
Prepaid expenses 7,730 5,511 40% 10,085 -23%
Other assets 25,876 24,422 6% 22,752 14%
Total assets 9,528,022 9,512,460 0% 9,478,018 1%
Accrued Interest 23,032 10,461 120% 23,032 0%
Other payables 16,906 16,587 2% 29,533 -43%
Accrued expenses 23,919 27,244 -12% 28,967 -17%
Income tax payable 20,175 10,651 89% 29,658 -32%
Unearned income 51,858 37,073 40% 41,206 26%
Deposit received from customers 247,284 255,971 -3% 278,061 -11%
Debentures 2,047,287 2,046,997 0% 2,046,146 0%
Lease liabilities 295,839 308,421 -4% 150,769 96%
Deferred tax liabilities 928 630 47% - -
Other liabilities 12,516 11,484 9% 11,716 7%
Total liabilities 2,739,744 2,725,519 1% 2,639,088 4%
Net assets 6,788,278 6,786,941 0% 6,838,929 -1%
Capital from unitholders 4,821,504 4,853,368 -1% 4,916,714 -2%
Retained earnings 1,966,774 1,933,573 2% 1,922,215 2%
Net assets 6,788,278 6,786,941 0% 6,838,929 -1%
Net asset value per unit (Baht) 12.3986 12.3962 0% 12.4912 -1%

Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q3/2021, Q4/2021 and Q4/2020