trust) performed satisfactorily, with revenue in its third quarter that ended in December rising 2 per cent to Bt574.7 million and net profit reaching Bt328.3 million, according to its manager, RMI Co.
"We expect the REIT's full-year performance in 2015-16 will meet our expectation and we will continue to pay dividends to unit-holders," managing director Wanpen Mungpiensakul said yesterday.
Third-quarter revenue zoomed 14 per cent from the previous quarter thanks to the surge of the occupancy rate to 60 per cent from 52 per cent during the same quarter the year before.
More exhibitions and events were held at Impact Muang Thong Thani, such as the 12-day National Science and Technology Fair in November.
Service and administration expenses remained at 14 per cent and 8 per cent of service income, as the REIT had efficiently managed its costs, resulting in its gross profit margin standing at 86 per cent and net profit margin at 57 per cent, Wanpen said.
For the nine-month period, the REIT earned Bt861.6 million on revenue of Bt1.58 billion for a net profit margin of 55 per cent.
The REIT will on March 11 pay a dividend of Bt0.19 per unit, or Bt282 million in total. This is the third dividend of the fiscal year, totalling Bt0.545 per unit.
RMI has been invited to join a roadshow in Japan next month with full appointments with Japanese investors for two days. Most of them are leading fund and asset managers with the top five assets under management in Japan.
"They are interested in our REIT because our healthy performance in the past year is proof for investors that we will put effort and work hard to generate the highest return to unit-holders," she said.