Bangkok--25 May--Make A Wealth Consulting
The Impact Growth Real Estate Investment Trust (REIT) showed its well performed for operation in year 2014 / 2015 with dividend payment at 0.42 baht per unit in total dividend payout to 96%. It showed revenue jumped growth a 1,114 million baht, driven by the concert events at IMPACT Arena and the Motor Show 2015, pushed occupancy rate to 55%, together with management operation cost efficiency driven net profit to 632 million baht.
Ms. Wanphen Mungpiensakul, Managing Director RMI Company Limited, the IMPACT Growth REIT manager said that the company board of director approved the dividend payment for year 2014/2015 at 0.42 Baht per unit.
Dividend payments will break into the interim dividend for operation during 22 September 2014 to 31 December 2014 at 0.23 baht per unit, this part had already paid on 13 March 2015, and for the period of the operation during January 2015 to 31 March 2015 will pay at 0.19 baht per unit and will be paid to unit holder on 19 June 2015.
Regarding to the well operation in that period, IMPACT Growth REIT has total revenue at 1,114 Million baht, with net profit 632 million baht, or net profit margin at 57%, mainly revenue was from service incone about 1,110 million baht, from the occupancy rate 55%, slightly increased from 54% from the same period of the year before.
IMPACT Arena Building was the top of occupancy rates at 61%, especially for the last three months that had gathering from the concerts. While IMPACT Challenger building, the International Motor Show 2015 that came on March 2015. The exhibitor had increased the event spaces at the Challenger Hall from around 60,000 square metres, to the Loading Area additional 3,000 square metres.
The REIT also had income from interest at 1.7 million baht and others income 2.9 million baht, while the REIT had well managed on operation cost for overall rental spaces.
Mr. Paul Kanjanapas Managing Director of the IMPACT Exhibition Management Company Limited, as the property manager for IMPACT Growth REIT said the outlook for the next quarter (April to May 2015) showed that the booking and presales compared with the same period of the previous year increase around 8%, while the four of Venus meeting rooms, the additional meeting room at the IMPACT Exhibition Hall1 are ready for services and there have booking for those meeting room for June, 2015.
“We keep the promise to investors to pay dividend for every quarter, and will manage the growth to the trust, by both increasing value added to the asset by renovate and decorate the building lobby of the IMPACT Exhibition Hall1 to serve demand of rental spaces and looking for new assets to accquire that could accelerate revenue such as Novotel IMPACT Hotel, the Geneva Industrial Condominium, Bee Hive Lifestyle Mall and car parking lll that connected to the IMPACT Arena,” said Mr. Paul.