Ticon Freehold and Leasehold Real Estate Investment Trust Reports Earnings Results for the Third Quarter Ended June 30, 2021
August 02, 2021 at 04:06 pm
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Ticon Freehold and Leasehold Real Estate Investment Trust announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced total revenue was THB 865.540 million compared to THB 749.083 million a year ago. Net income was THB 342.817 million compared to THB 516.388 million a year ago. For the nine months, total revenue was THB 2,539.877 million compared to THB 2,265.732 million a year ago. Net income was THB 1,493.573 million compared to THB 1,513.373 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.