Post by account_disabled on Jan 2, 2024 6:07:35 GMT
Renewable real estate investment trust for hotels and leasehold businesses 'Strategic Hospitality' or SHREIT announced operating results for the first half of 2019, with revenue of 201.76 million baht and a profit. Net 81.33 million baht, along with announcing the payment of benefits from 2Q19 operating results to SHREIT trust unitholders at the rate of 0.19 baht per investment unit. It is expected that the purchase of new assets can be concluded soon. Mr. Pathan Somburanasin, Managing Director of Strategic Property Company Investors Limited, an independent professionally managed trust manager. As the manager of SHREIT, he revealed that SHREIT has reported operating results for the first half of 2019 with total income of 201.76 million baht and a net profit of 81.33 million baht.
The trust's assets include the IBIS Saigon South hotel. and Capri by Fraser Hotel in Ho Chi Minh City. Vietnam Revenue per available room night (RevPAR) has continued to grow and is higher than the same period last year. while assets in Indonesia After the presidential election and the political situation resolved It has recovered quickly. It is expected that the operating results for the whole year will still be in line WhatsApp Number List with the target. In this regard, the meeting of the Board of Directors Therefore, it was resolved to approve the payment of benefits from the operating results of the second quarter of 2019 to SHREIT trust unitholders at the rate of 0.19 baht per investment unit. The XD sign is scheduled to be posted on August 28, 2019 and the payment of benefits is scheduled for September 20, 2019. If combined with the benefits in the 1st quarter of 2019, another 0.19 baht per investment unit, making it as of the first half of this year, the REIT SHREIT has paid a total of returns.
to unitholders. 0.38 baht per investment unit Managing Director, Strategic Property Company Investors Co., Ltd. said, "Trends in the second half of the year It is expected that the assets invested by the REIT will have good operating results in both Vietnam and Indonesia. Most recently, Indonesia has had its credit rating upgraded by S&P from BBB - to BBB, which reflects the international confidence of investors who want to invest in the country very well. In addition, SHREIT is still studying investment in assets. in the ASEAN region further Especially in countries where investment returns can be high. This is in line with SHREIT's policy of wanting to increase the size of its assets. This will lead to the potential of the trust's management. Including helping to diversify risks and create full returns from the expansion of the economy and tourism industry in the ASEAN region.
The trust's assets include the IBIS Saigon South hotel. and Capri by Fraser Hotel in Ho Chi Minh City. Vietnam Revenue per available room night (RevPAR) has continued to grow and is higher than the same period last year. while assets in Indonesia After the presidential election and the political situation resolved It has recovered quickly. It is expected that the operating results for the whole year will still be in line WhatsApp Number List with the target. In this regard, the meeting of the Board of Directors Therefore, it was resolved to approve the payment of benefits from the operating results of the second quarter of 2019 to SHREIT trust unitholders at the rate of 0.19 baht per investment unit. The XD sign is scheduled to be posted on August 28, 2019 and the payment of benefits is scheduled for September 20, 2019. If combined with the benefits in the 1st quarter of 2019, another 0.19 baht per investment unit, making it as of the first half of this year, the REIT SHREIT has paid a total of returns.
to unitholders. 0.38 baht per investment unit Managing Director, Strategic Property Company Investors Co., Ltd. said, "Trends in the second half of the year It is expected that the assets invested by the REIT will have good operating results in both Vietnam and Indonesia. Most recently, Indonesia has had its credit rating upgraded by S&P from BBB - to BBB, which reflects the international confidence of investors who want to invest in the country very well. In addition, SHREIT is still studying investment in assets. in the ASEAN region further Especially in countries where investment returns can be high. This is in line with SHREIT's policy of wanting to increase the size of its assets. This will lead to the potential of the trust's management. Including helping to diversify risks and create full returns from the expansion of the economy and tourism industry in the ASEAN region.