Ticon reports 2018 profits
Ticon Freehold and Leasehold Real Estate Investment Trust (TREIT) announced its operating results for the fiscal year, which ended on September 30.
From January to September this year, its total revenue grew to Bt1,953 million or by 384 per cent from the same period a year earlier.
With more than Bt35,000 million worth of assets, TREIT also stays on as Thailand’s largest industrial trust for the second year.
TREIT will pay third quarter dividends to unit-holders of Bt0.16 per unit.
TREIT said it has achieved huge growth this year because it has maximised its management efficiency and potential. For 2019 fiscal year, TREIT plans to invest more in high-quality assets in Thailand and abroad in order to attract investors and provide regular returns to its unitholders.
Peerapat Srisukont, managing director of Ticon Management, said: "TREIT’s growth in the 2018 fiscal year is achieved through efficient management. In this year, it approved additional investments in high-quality properties from both the Ticon group and non-Ticon group.
"TREIT’s first investment in non-Ticon Group asset was made in assets of Star Micronics Precision Thailand Co, Ltd or Star Micronics. TREIT investments in the 2018 fiscal year total Bt1,783 million."
