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Statement of income

(Unit: Baht in thousand except indicated)
 
Q3 / 2018
Q2 / 2018
QoQ
Q3 / 2017
YoY
Rental and services income 87,887 83,686 5% 79,450 11%
Dividend income 62,000 64,000 -3% 40,000 55%
Interest income 6,337 6,739 -6% 8,228 -23%
Other income 38 2,401 -98% 14 171%
Total income 156,262 156,826 0% 127,692 22%
Costs of rental and services 36,422 33,079 10% 31,187 17%
REIT Manager's fee 8,362 8,209 2% 7,355 14%
Trustee's fee 5,116 4,995 2% 4,834 6%
Registrar's fee 491 486 1% 496 -1%
Property management fee 4,008 4,190 -4% 3,894 3%
Professional fees 351 446 -21% 306 15%
Amortisation of deferred expenses 9,660 9,555 1% 9,660 0%
Other expenses 1,365 1,515 -10% 1,299 5%
Finance cost 19,649 19,434 1% 19,600 0%
Income tax expenses - - - - -
Total expenses 85,424 81,909 4% 78,631 9%
Net investment income 70,838 74,917 -5% 49,061 44%
Net unrealised gain (loss) on investments in properties 1,000 -11,000 -109% -279,064 -100%
Net unrealised gain on investment in subsidiaries 130,618 159,113 -18% 566,995 -77%
Increase in net assets from operations 202,456 223,030 -9% 336,992 -40%


Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q3 / 2018
Q2 / 201
QoQ
Q3 / 2017
YoY
Investments in properties and leasehold rights over properties at fair value 2,130,000 2,129,000 0% 2,162,000 -1%
Investments in subsidiaries at fair value 5,444,188 5,313,570 2% 4,888,778 11%
Cash and cash at banks 193,007 184,139 5% 172,614 12%
Receivables 67,376 69,519 -3% 49,127 37%
Loan to subsidiary 307,378 331,378 -7% 405,378 -24%
Deferred expenses 116,130 125,790 -8% 154,454 -25%
Intangible assets 194 199 -3% 218 -11%
Deferred tax assets - - - - -
Other assets 42,069 50,087 -16% 45,075 -7%
Total assets 8,300,342 8,203,682 1% 7,877,644 5%
Payables 21,347 16,783 27% 20,699 3%
Accrued expenses 43,843 49,089 -11% 31,662 38%
Income tax payable - - - - -
Unearned income 2,078 2,531 -18% 2,108 -1%
Deposit received from customers 91,506 88,992 3% 89,330 2%
Long-term loans 2,032,710 2,031,369 0% 2,027,460 0%
Deferred tax liabilities - - - - -
Other libilities 6,050 5,668 7% 5,452 11%
Total liabilities 2,197,534 2,194,432 0% 2,176,711 1%
Net assets 6,102,808 6,009,250 2% 5,700,933 7%
Net asset value per unit (Baht) 11.1466 10.9758 2% 10.4126 7%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q3 / 2018
Q2 / 2018
QoQ
Q3 / 2017
YoY
Rental and services income 237,635 230,490 3% 202,558 17%
Dividend income - - - - -
Interest income 369 519 -29% 405 -9%
Other income 193 2,957 -93% 14 1279%
Total income 238,197 233,966 2% 202,977 17%
Costs of rental and services 66,779 54,630 22% 66,424 1%
REIT Manager's fee 8,362 8,209 2% 7,355 14%
Trustee's fee 5,116 4,995 2% 4,834 6%
Registrar's fee 491 486 1% 496 -1%
Property management fee 6,955 7,306 -5% 6,792 2%
Professional fees 762 916 -17% 655 16%
Amortisation of deferred expenses 9,660 9,555 1% 9,660 0%
Other expenses 5,454 5,184 5% 4,757 15%
Finance cost 19,649 19,434 1% 19,600 0%
Income tax expenses 16,376 17,880 -8% 10,459 57%
Total expenses 139,604 128,595 9% 131,032 7%
Net investment income 98,593 105,371 -6% 71,945 37%
Net unrealised gain (loss) on investments in properties 107,618 124,114 -13% 226,796 -53%
Net unrealised gain on investment in subsidiaries - - - - -
Increase in net assets from operations 206,211 229,485 -10% 298,741 -31%

Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q3 / 2018
Q2 / 2018
QoQ
Q3 / 2018
YoY
Investments in properties and leasehold rights over properties at fair value 7,881,566 7,773,948 1% 7,456,156 6%
Investments in subsidiaries at fair value - - - - -
Cash and cash at banks 528,761 517,784 2% 454,282 16%
Receivables 19,013 17,568 8% 18,667 2%
Loan to subsidiary - - - - -
Deferred expenses 116,130 125,790 -8% 154,454 -25%
Intangible assets 40,050 40,955 -2% 43,641 -8%
Deferred tax assets 245 197 24% - -
Other assets 64,024 63,484 1% 55,798 15%
Total assets 8,649,789 8,539,726 1% 8,182,998 6%
Payables 27,246 23,033 18% 26,114 4%
Accrued expenses 103,342 90,678 14% 84,463 22%
Income tax payable 13,079 21,552 -39% 8,049 62%
Unearned income 34,808 37,720 -8% 38,526 -10%
Deposit received from customers 279,790 273,986 2% 251,256 11%
Long-term loans 2,032,710 2,031,369 0% 2,027,460 0%
Deferred tax liabilities - - - 29 -100%
Other libilities 11,476 11,363 1% 9,972 15%
Total liabilities 2,502,451 2,489,701 1% 2,445,869 2%
Net assets 6,147,338 6,050,025 2% 5,737,129 7%
Net asset value per unit (Baht) 11.2280 11.0502 2% 10.4787 7%

Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q2-3/2018 and Q3/2017