Financial Highlight
Total Income
Net Investment Income
Unit : Baht Million
| Year 2023 | Year 2022 | % Change (FY) | 4Q2023 | 3Q2023 | % Change (QoQ) | |
|---|---|---|---|---|---|---|
| Rental Income * | 956.17 | 778.52 | 22.8% | 247.64 | 241.42 | 2.6% |
| Interest Income | 8.61 | 2.18 | 295.0% | 3.03 | 2.63 | 15.2% |
| Other Income | 6.09 | 2.26 | 169.5% | 1.39 | 1.30 | 6.9% |
| Total Income | 970.87 | 782.96 | 24.0% | 252.06 | 245.35 | 2.7% |
| Property Operating Expenses | 51.41 | 51.75 | (0.7%) | 16.6 | 9.42 | 76.2% |
| Property Management Fee | 92.64 | 87.40 | 6.0% | 23.81 | 23.02 | 3.4% |
| Fund's related expenses | 17.98 | 14.79 | 21.6% | 4.44 | 6.04 | (26.5%) |
| Finance costs ** | 262.96 | 250.78 | 4.9% | 66.91 | 66.12 | 1.2% |
| Total Expenses | 424.99 | 404.72 | 5.0% | 111.76 | 104.60 | 6.8% |
| Net Investment Income * | 545.88 | 378.24 | 44.3% | 140.30 | 140.75 | (0.3%) |
| Net Gains (Loss) from change in fair value of investments | -61.76 | 141.45 | (143.7%) | 18.56 | -29.82 | 162.2% |
| Net Increase (decrease) in Net Assets from Operations | 484.12 | 519.69 | (6.8%) | 158.86 | 110.93 | 43.2% |
Remark: * The fund has applied TFRS16 “Lease” which indicated that the Fund have to gradually recognize rental income and rental discount throughout the remaining lease terms by straight line method. Its resulted, the accounting record of rental and service income and net investment income in Q4/2023 was lower than an actual amount of 7.83 MB. Thus, the actual rental income and net investment income in Q4/2023 would be 255.47 MB and 148.12 MB respectively.
** The finance cost was recognized due to the fund has adopted financial reporting standards TFRS16 relating to lease liability which the fund has to gradually recognize its from 1 January 2020 onwards. It has been an accounting expense recognition and has not an actual cash outflow during the Y2020 – Y2026.