Talaad Thai Leasehold Property Fund Reports Earnings Results for the First Quarter Ended March 31, 2022
May 11, 2022 at 06:49 am EDT
Share
Talaad Thai Leasehold Property Fund reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was THB 147.5 million compared to THB 151.33 million a year ago. Revenue was THB 149.3 million compared to THB 154 million a year ago. Net income was THB 65.25 million compared to THB 73.73 million a year ago.
Talaad Thai Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The Fundâs objective is to seek funds from general investors, using the proceeds of the sale of investment units to purchase and/or rent and provide benefits from those properties, including to improve, alter, develop and/or dispose other assets in which the Fund invests or possesses whatsoever lease, sub-lease and/or sale or other process for the benefit of the property in order to create the revenue and return to the Fund and the unitholders. The Fund invests in some parts of leasehold properties in the Talaad Thai wholesale market. The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company). Citibank, N.A. serves as the trustee of the Fund. Thai Agro Exchange Company Limited acts as the property manager.
TALAAD THAI LEASEHOLD PROPERTY FUND 
