Financial Highlights
Total Assets
(Million Baht)
Recurring income
(Million Baht)
Operating Profit
(Million Baht)
Average Rental Rate (Baht/SQ.M./Month)
and Occupancy (%)
Performance Highlight
Unit : THB Million
| Past performance of the SUNTOWERS office space | As at 31 Dec 2023 | 1 Jan - 31 Mar 2024 | 1 Apr - 31 Jun 2024 | 1 July - 30 Sep 2023 | 1 Oct - 31 Dec 2024 | As at 31 Dec 2024 |
|---|---|---|---|---|---|---|
| Rental and Service Income | 415.59 | 96.49 | 96.01 | 96.43 | 95.76 | 384.69 |
| Utility Income | 95.6 | 21.62 | 22.58 | 20.52 | 19.4 | 84.13 |
| Parking fee Income | 32.20 | 7.45 | 7.22 | 7.6 | 7.28 | 29.55 |
| Other Income | 1.65 | 0.24 | 0.24 | 0.55 | 1.43 | 2.45 |
| Revenue | 545.04 | 125.80 | 126.05 | 125.10 | 123.87 | 500.83 |
| Cost of Rental and Services | 108.5 | 25.01 | 24.48 | 24.53 | 23.5 | 97.51 |
| Total Operating Profit | 436.54 | 100.79 | 101.57 | 100.57 | 100.37 | 403.32 |
| Operating Profit Margin (%) | 80.09 | 80.12 | 80.58 | 80.39 | 81.03 | 80.53 |
| Average Rental Rate (ARR) THB/Sq. Meter | 609 | 617 | 617 | 618 | 618 | 618 |
| Average Occupancy Rate (%) | 82.97 | 76.69 | 76.74 | 76.57 | 75.22 | 76.31 |
Note :
/ 1 Established on January 17, 2019
/ 2 Indirectly affected by the Covid-19 outbreak situation (CIVID-19), resulting in the economic slowdown resulting in lower occupancy rates. Therefore, discounts are given to tenants to help mitigate such impacts.
Unit : THB Million
| Financial Data | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | 5,771.12 | 5,949.10 | 6,204.65 | 6,226.58 | 6,165.32 |
| Liabilities | 1,417.61 | 1,413.82 | 1,629.59 | 1,611.30 | 1,568.45 |
| Net Assets | 4,353.51 | 4,535.28 | 4,575.06 | 4,615.28 | 4,596.87 |
| Net Assets Per Unit (Baht/Unit) | 9.74 | 10.15 | 10.24 | 10.33 | 10.29 |
| Revenue | 518.91 | 487.93 | 509.56 | 545.04 | 500.83 |
| Expenses | 245.22 | 210.84 | 234.45 | 258.71 | 249.71 |
| Net Investment Income | 273.70 | 277.08 | 275.11 | 286.33 | 251.12 |
| Increase (Decrease) In Net Assets From Operations | 477.58 | 441.78 | 316.00 | 307.38 | 211.66 |