Financial Highlights

Balance Sheet

• As of December 31, 2023, ALLY REIT has total assets of 13,612.8 million baht, an increase of 0.8 percent from the same period last year, due to: List of investments in real estate leasehold rights at fair value An increase of 115.9 million baht or a decrease of 0.3 percent.
• As of December 31, 2023, ALLY REIT had total liabilities of 5,077.9 million baht, an increase from the same period last year. accounted for 0.5 percent and increased 1.2 percent compared to the previous quarter. This is caused by a list of liabilities according to the lease agreement. Increased by 4.9 percent and 2.6 percent compared to the previous quarter and the same period last year.
• Net assets as of December 31, 2023 were 8,536.2 million baht, representing net assets of 9.7656 baht per unit, decreased from 9.7842 baht per unit at the end of 3Q2023 and increased from 9.6738 at the end of 4Q2022.

• In 4Q2023, ALLY REIT had total income of 427.8 million baht, an increase of 1.8 million baht or 0.4 percent from the previous quarter. This was mainly due to other income of 42.1 million baht, or 63.7 percent, and an increase from the same quarter from the same period last year of 3.2 million baht, or 0.8 percent. Rental and service fees increased by 4.9 million baht or 1.3 percent.

  Overall, for 2023, ALLY REIT has total income of 1,702.5 million baht, an increase of 110.3 million baht from the previous year, or 6.9 percent, with the main reason being income from services and services in the amount of 139.9 million baht, or 6.9 percent. 9.7, with the main cause being the return to normal business operations of stores or tenants of shopping centers.

• In 4Q2023, ALLY REIT had total expenses of 261.2 million baht, a decrease from the previous quarter and the same period of the previous year of 3.2 million baht and a decrease of 8.9 million baht, respectively, or equivalent to 1.2 percent and 3.3 percent, respectively. This was mainly due to a decrease in rental and service costs. This decreased from the previous quarter and the same period last year by 6.2 million baht and 7.9 million baht, or 4.6 percent and 5.8 percent, respectively.

  Overall expenses for 2023 are at 1,054.4 million baht, an increase of 8.3 percent when compared to the same period last year. This was caused by financial costs of 211 million baht, or an increase of 52 million baht, representing a rate of 32.8 percent.

• In Q42023, ALLY REIT had net investment income of 161.6 million baht, an increase of 5.0 million baht or 3.1 percent from the previous quarter and an increase of 12.1 million baht, representing an increase of 7.8 percent from the period. same as last year

  Overall for 2023, ALLY REIT has net investment income of 648.2 million baht, an increase of 29.1 million baht or a rate of 4.7 percent compared to the previous year.

  However, the increase in net assets from operations for 2023 was 123.6 million baht, or an increase of 167.1 percent, mainly due to net gains from changes in the fair value of investments in leasehold real estate. This is not a cash transaction and does not affect the cash flow of the trust.

• Considering the REIT's distribution of benefits from operating results in the 4th quarter of 2023, the REIT manager has begun to gradually set aside additional reserves for real estate improvements and repairs for 2023, an amount not exceeding 60 million baht, and reserves for debt repayments. Future loans that will begin to be paid in the first quarter of 2024 in order to calculate adjusted net profit according to the criteria of the SEC.

  ALLY REIT announces the payment of benefits to trust unitholders for the 4th quarter of 2023 in the amount of 0.1630 baht per unit, with the closing date of the trust unit transfer register (Book Closing) scheduled for March 11, 2024. and benefits are due to be paid on March 29, 2024.