News

GVREIT announces distribution payment of THB 0.1960 for Q3FY2021

BANGKOK, 10 AUGUST 2021

Frasers Property Commercial Asset Management (Thailand) Company Limited, the REIT manager of Golden Ventures Leasehold Real Estate Investment Trust (“GVREIT”), announced its financial results for Q3FY2021 (April – June 2021). GVREIT achieved total revenue of THB 284.93  million in Q3FY2021, an increase of THB 12.11 million or 4.44 % Y-o-Y. The occupancy rates of Park Ventures Ecoplex and Sathorn Square remained strong at 97% and 94% respectively as at 30 June 2021.

GVREIT’s distribution payment from its third quarter operations (1 April – 30 June 2021) is THB 0.1960 per unit. The total distribution of THB 159.70 million will be made on 8 September 2021. From Q1FY2021 to Q3FY2021, GVREIT’s accumulated distribution is THB 0.5912 per unit.

Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Company Limited or “FPCAMT”, said: “Despite the challenging COVID-19 situation, GVREIT’s portfolio remains resilient as the main tenants are leading MNCs and forefront Thai companies with stable financials and strong demands for office space. The well-being of our tenants and community remains a key priority, and we will continue to reinforce health and safety measures at the buildings.

As the REIT manager, FPCAMT will continue to monitor the situation closely and remain prudent in our portfolio management in order to generate sustainable returns to our trust unitholders.”