Post by account_disabled on Dec 13, 2023 5:55:00 GMT
PROSPECT REIT opens Q1 / 2023 with income of 115.92 million baht. Showing new property potential, 100 % full tenants, bright outlook for the economic recovery. Prospect REIT Management Company Limited, REIT Manager of the Real Estate and Leasehold Real Estate Investment Trust, Prospect Logistics and Industrial or "PROSPECT REIT" continues to show strong performance. Recently announced operating results for the 1st quarter of 2023 with total operating income of 115.92 million baht, an increase of 5.79% from the same period of the previous year. At the same time, there was a net investment profit of 70.10 million baht, along with sending good signals from 2 new projects invested in at the end of the first quarter of this year Currently, 100% of the space has been reserved by tenants.
As a result, the overall picture of PROSPECT REIT in 2023 has a bright trend in response to the Phone Number List economic recovery. Ready to move forward to create growth and consistently good returns. Ms. Oranong Chaithong, Chief Executive Officer of Prospect REIT Management Company Limited, as the REIT Manager, said, “The operating results for the 1st quarter of 2023 continue to be good. Most of this income is income from the original assets of the trust. Including the recognition of some income from new assets that the REIT additionally invests from 22 March 2023 to 31 March 2023 (a period of 10 days) at the same time in 2 new projects that are additionally invested. Bangkok Free Trade Zone 2 Project (BFTZ 2).
Thepharak Road and Bangkok Free Trade Zone 3 Project (BFTZ3), Bangna-Trad Road Km. 19, tenants have now fully reserved the space. It reflects the quality of PROSPECT REIT's assets very well. This will help support growth in terms of income. Outstanding rental rates and returns For PROSPECT REIT's operating cycle in 2023, the operating results of new assets will be recognized for a full quarter. From the second quarter of 2023 onwards, we are confident that we will be able to pay returns as expected.” In terms of occupancy rate, the factory and warehouse areas of PROSPECT REIT are all 4 projects located in strategic industrial and logistics points in Thailand. Bangna-Trad Zone There is a high occupancy rate of 95.5%, in line with the direction of industrial expansion.
As a result, the overall picture of PROSPECT REIT in 2023 has a bright trend in response to the Phone Number List economic recovery. Ready to move forward to create growth and consistently good returns. Ms. Oranong Chaithong, Chief Executive Officer of Prospect REIT Management Company Limited, as the REIT Manager, said, “The operating results for the 1st quarter of 2023 continue to be good. Most of this income is income from the original assets of the trust. Including the recognition of some income from new assets that the REIT additionally invests from 22 March 2023 to 31 March 2023 (a period of 10 days) at the same time in 2 new projects that are additionally invested. Bangkok Free Trade Zone 2 Project (BFTZ 2).
Thepharak Road and Bangkok Free Trade Zone 3 Project (BFTZ3), Bangna-Trad Road Km. 19, tenants have now fully reserved the space. It reflects the quality of PROSPECT REIT's assets very well. This will help support growth in terms of income. Outstanding rental rates and returns For PROSPECT REIT's operating cycle in 2023, the operating results of new assets will be recognized for a full quarter. From the second quarter of 2023 onwards, we are confident that we will be able to pay returns as expected.” In terms of occupancy rate, the factory and warehouse areas of PROSPECT REIT are all 4 projects located in strategic industrial and logistics points in Thailand. Bangna-Trad Zone There is a high occupancy rate of 95.5%, in line with the direction of industrial expansion.