Financial Highlight
Total Assets
(Baht Million)
Total Liabilities
(Baht Million)
Total Incomes
(Baht Million)
Key Performance Indicators
| (Amounts in THB m) | 4Q 2019 (1) | 1Q 2020 |
|---|---|---|
| Number of projects | 10 | 10 |
| Net Leasable Area (sqm) | 139,539 | 139,539 |
| Occupancy rate (%) | 92.7% | 92.8% |
| Average Rental Rate (THB/sqm/month) | 570 | 519 |
| Total Revenue Per Available Net Leasable Area (THB/sqm/month) | 871 (2) | 829 |
(1) For the period 26 November (inception date) to 31 December 2019
(2) Based on investment date of each project
Income Statement
| (Amounts in THB m) | 4Q 2019 (1) | 1Q 2020 |
|---|---|---|
| Revenues | ||
| Rental income | 45.59 | 124.53 |
| Services and utilities income | 62.46 | 203.43 |
| Interest income | 0.62 | 0.44 |
| Other income | 9.25 | 22.36 |
| Total incomes | 117.92 | 350.77 |
| Expenses | ||
| Costs of rental and services | 36.83 | 111.85 |
| Fees and expenses for property management | 16.05 | 43.15 |
| Administration expense | 0.82 | 8.46 |
| Amortization of deferred expenses | 1.49 | 5.23 |
| Finance costs | 8.43 | 33.49 |
| Total expenses | 63.62 | 202.18 |
| Net investment income | 54.30 | 148.59 |
| Net loss on changes in fair value of investments in leasehold properties and securities | 0.00 | (354.67) |
| Increase (Decrease) in net assets from operations | 54.30 | (206.08) |
(1) For the period 26 November (inception date) to 31 December 2019
Balance Sheet
| (Amounts in THB m) | 31 Dec 2019 | 31 Mar 2020 |
|---|---|---|
| Assets | ||
| Investment in leasehold properties at fair value | 11,171.14 | 11,368.63 |
| Investment in securities and cash at financial institutions | 778.35 | 455.26 |
| Rental and services receivables | 53.85 | 267.65 |
| Other assets | 185.94 | 166.68 |
| Total Assets | 12,189.29 | 12,258.22 |
| Liabilities | ||
| Trade accounts payable | 11.79 | 38.81 |
| Accrued expenses, and rental and services income received in advance | 430.50 | 133.58 |
| Deposits from rental and services | 351.74 | 388.69 |
| Long-term loan | 2,758.64 | 2,759.20 |
| Lease Liabilities | 0 | 549.65 |
| Other liabilities | 1.79 | 11.99 |
| Total Liabilities | 3,554.47 | 3,881.92 |
| Net asset value | 8,634.82 | 8,376.33 |
| Capital from unitholders | 8,897.99 | 8,897.99 |
| Discount on trust units | (317.47) | (317.47) |
| Retained earnings (loss) | 54.30 | (204.23) |
| Net asset value | 8,634.82 | 8,376.29 |
| Net asset value per unit (THB) | 9.8785 | 9.5827 |