It said the trust’s annual performance is seen as rising from the same period last year as the economy rebounds. RMI managing director Wanphen Mungpiensakul, REIT manager of Impact Growth REIT, said the performance during the period ended September 30 showed total revenue for the trust of Bt593 million, a 10-per-cent rise from the same period the last year. As convention events and concerts increase in number, the occupancy rate in this quarter rose to 59 per cent, up from 56 per cent in the same period last year. First-half earnings were up based on an occupancy rate of 55 per cent, rising from 51 per cent in the same period last year. Total revenue was Bt1.157 million, with 13-per-cent growth, net profit Bt645 million with 16-per-cent growth, and the trust’s net profit margin was 56 per cent.

Source: The Nation Bangkok November 13, 2017 06:56 UTC