Ticon Freehold and Leasehold Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 08, 2024 at 08:41 am EDT
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Ticon Freehold and Leasehold Real Estate Investment Trust reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was THB 983.36 million compared to THB 927.31 million a year ago. Revenue was THB 984.38 million compared to THB 935.15 million a year ago. Net income was THB 549.82 million compared to THB 624.63 million a year ago.
For the six months, sales was THB 1,971.22 million compared to THB 1,847.58 million a year ago. Revenue was THB 1,974.12 million compared to THB 1,867.34 million a year ago. Net income was THB 1,162.41 million compared to THB 1,300.48 million a year ago.
Frasers Property Thailand Industrial Freehold & Leasehold REIT is a Thailand-based real estate investment trust (REIT). The Trustâs objectives are to raise funds from general investors and to use the proceeds from such fundraising to acquire, lease and/or sub-lease of immovable properties. The Trustâs investment portfolio is comprised of factories and warehouses, which are located in key industrial areas of Thailand, such as Ayutthaya, Pathum Thani, Chonburi, Rayong, Samut Prakan and the Eastern Economic Corridor (EEC). It serves industries, such as automotive, logistics, electronics, retail, and e-commerce industries. Frasers Property Industrial REIT Management (Thailand) Company Limited acts as the REIT Manager, BBL Asset Management Company Limited acts as the Trustee, Frasers Property Industrial (Thailand) Company Limited is hired as the Property Management and Thailand Securities Depository Company Limited acts as the Trust Registrar.
TICON FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST 
