Performance Highlights

ALLY successfully expanded the scope of the investment policy beyond retail assets into commercial assets such as office buildings, markets, and warehouses –with the goal to diversify revenue stream and risk as well as increase the growth opportunities by extending the asset universe.

Balance Sheet

Total asset Value (MB)
Cash & Equivalents (MB)
Net asset Value (MB)
NAV/share (Baht)
D/TAV (times)
  • Solid balance sheet
  • As a result of profitable operations amid weak economy, total asset value increase slightly 0.5% QOQ to 12,312MB while retained earnings jumped 237% QOQ to 170.75MB.
  • NAV was up to 9.6318 baht per share, yet Debt/TAV was marginally lower to 0.22 times.

Income Statement

Total revenue (MB)
Net investment income (MB)
Distribution income (MB)
Distribution per unit (Baht)
  • Total revenue increased almost 17%QOQ mainly due to 3%QOQ increase in rental & service revenue and 120%QOQ increase in other revenue.
  • However, total revenue decreased almost 6%YOY from a 1%YOY decrease in rental & service revenue and 72%YOY decrease in other revenue.
  • Property tax income, which is part of other income, was booked at 90% discount rate in 1Q21.