By The Nation
Current SHREIT assets include IBIS Saigon South Hotel and Capri by Fraser Hotel in Ho Chi Minh City in Vietnam where RevPAR (revenue per available room) growth has been sustained and is considerably higher than during the same period of the previous year. At the same time, the assets in Indonesia following the presidential election and the quick improvement in the political situation have resulted in a rapid recovery, and the year-end performance is expected to meet the target.
The Board of Directors has therefore approved the distribution payment as realised from the second quarter of this year to shareholders at the rate of Bt0.19 per share with the posting of XD mark on August 30 and payment to be made on September 20. Combined with the distribution from the first quarter of this year of Bt0.19 per share, the total distribution of the SHREIT for the first half of this year paid to shareholders will be Bt0.38 per share.
“The trend for the second half of the year from SHREIT investment in is expected to show good growth both in Vietnam and Indonesia, especially Indonesia that has been promoted in the S&P rating from BBB- to BBB reflecting the trust among international investors who want to invest in this country.”
In addition, the SHREIT is in the midst of considering additional investment in the ASEAN region especially in countries that can produce high return on investment. Acquisition of new assets is expected to be concluded soon.