Key Operating Indicators

As of June 30, 2022

Net Leasable Area
160,228.80sqm.
Occupancy Rate
93.20%
Average Rental Rate
531 baht/sqm.
Rental Reversion Rate
1.34%
Retention Rate
89.27%
Weighted Average Lease Expiry
2.80 yrs

Portfolio Performance

Average rental rate
(Baht/sqm.)
During Q3/2022, ALLY REIT had a total area for leasing of approximately 160,000 square meters. Compare to the same period last year, there was an addition of 13,000 square meters, mostly as a result of the additional investment made by the REIT, namely, The Crystal Chaiyapruek project and The Prime Hua Lamphong project, both of which are office space projects. As of September 30, 2022, the average occupancy rate of properties held by the REIT was 93.2 percent. The occupancy rate has decreased by 0.1 percent from the same period last year. Due to the investment in new projects, namely The Prime Hua Lamphong Project, with a lower occupancy rate than the REIT's average. The average lease fee was Baht 531 per square meter per month. The average lease fee has increased by 1.4 percent from the same period last year. If we are looking only at the 12 shopping center projects and not the office space project (retail malls), the average occupancy rate of the properties owned by the REIT was 93.8 percent. The occupancy rate has increased by 0.7 percent from the previous quarter, and it has increased by 0.5 percent from the same period last year. The average lease fee was 534 Baht per square meter per month. The average lease fee has decreased by 0.4 percent from the previous quarter, and it has increased by 1.8 percent from the same period last year.

Leasing Performance

Retention rate
Rental reversion rate
The REIT aims to increase the lease fee at the rate of 1.3 percent per year, with an average lease term of 2.8 years. Moreover, the REIT continually implements the Synergy Made Growth strategy and, as a result, the renewal rate of the lease agreement for properties owned by the REIT is 89.3 percent. However, The REIT also continually arranges promotional campaigns, in order to attract more visitors to its retail malls, for example, ALLY FUN FEST, CDC Dog Movie Day, The Crystal Cruzee Halloween Day, The Crystal Halloween Fashion Contest , Spooky Junior Contest, Halloween Dance Party Including there are many leading restaurants, arrangement of EVENT activity areas that are correspond with trends and meet the needs of customers in order to continuously create new experiences.