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 (Baht/ Unit)
Debt /TAV (Times)
  • As of March 2023, the total assets of ALLY REIT was Bath 13,628.9 million. It has increased by 0.9% and 1.7%, from the previous quarter and the same of period. The main reasons for this were the additional investment made in the Prime Hua Lamphong Project in 1Q2022.
  • As of March 31, 2023, ALLY REIT had total liabilities of Baht 5,052.1 million, an increase of 2.1% from the same period last year from withdrawing long-term loans to invest in additional assets in the Prime Hua Lamphong Project by 0.2%
  • As of March 31, 2023, Net Asset Value (“NAV”) was recorded at Baht 8,576.8 million or Baht 9.8121 per unit, an increase from Baht 9.6738 per unit as of December 31, 2022, and an increase from Baht 9.6740 per unit as of January 31,2022.

Income Statement

Total revenue (MB.)
Net investment income (MB.)
Distribution income (MB.)
Distribution per unit (Baht)
  • In the first quarter of 2023, ALLY REIT had a total revenue of 420.0 million baht, a decrease of 4.6 million baht or 1.1 percent, but an increase of 48.7 million baht or 13.1 percent compared to the same period last year. The main reason for the increase in revenue from rental and service fees, which increased by approximately 58.7 million baht or 17.5 percent due to additional investment in assets such as The Prime Hua Lamphong and the resumption of normal business operations by tenants or lessees.

  • In Q1 2023, ALLY REIT had total expenses of 261.0 million baht, a decrease of 9.1 million baht from the previous quarter or 3.4%. However, expenses increased by 42.3 million baht or 19.3%, primarily due to increased costs of utilities and energy, which rose by 4.9% and 23.0%, respectively, as a result of higher electricity and energy costs during the past year. In addition, an increase in the interest rate on loans resulted in financial expenses of 48.8 million baht, an increase of 13.5% and 31.7% compared to the previous quarter and the same period of the previous year, respectively.

  • During Q1/2023, the net investment income of ALLY REIT was Baht 159.0 million. It has increased by Baht 2.1 million, and Baht 6.5 million or 3.0% from the previous quarter; and 4.3%, from the same period last year.

  • The REIT has announced distribution of returns for 1Q2023 at 0.1670 Baht per unit. The REIT will post XD sign on May 24, 2023, followed by Book Closing Date May 26, 2023, and distribution of returns payment will be made on June 16, 2023.