ALLY Trust Signals Strong Q2/67 Performance After Acquiring New Assets, Boosting Revenue and Reducing Financial Costs
ALLY, the real estate investment trust, signals a strong performance for Q2/67 after acquiring new assets from the "Happy Avenue" project, which has boosted revenue and reduced financial costs due to loan repayments to financial institutions. The trust is also advancing its ESG policy, preparing to host a grand Pride Month event at its shopping centers to celebrate gender equality and pride within the LGBTQ+ community, aiming to inspire acceptance of diversity and equal rights.

Mr. Kwinthir Eamsakulrat, CEO of Ally REIT Management Co., Ltd., as the manager of the ALLY trust, revealed that the performance outlook for Q2/2567 is expected to grow well compared to Q1/2567, which had total revenue of 406 million baht. This increase is attributed to additional income from investments in the trust's first freehold project, "Happy Avenue Don Mueang," which has completed the asset transfer. The project boasts an occupancy rate of over 95% and a rental rate of 394 baht per square meter, with potential for further rental increases (as of the end of April 2567). The estimated yield for the first year of investment is over 6%. Additionally, in Q1/2567, the trust has already begun repaying the first installment of 28 million baht to financial institutions.

Currently, the overall Thai economy is in a recovery phase, with GDP showing improvement and inflation (Disinflation) trending downwards, positively impacting energy costs and various services. Furthermore, considering the number of tourists expected to visit Thailand in 2567, estimated at 35.5 million (according to the Bank of Thailand), this will positively influence the recovery of tourism and the trust's shopping centers located in popular tourist areas, such as the Ampark Shopping Center in Chula, a hub for popular Thai street food, which continues to attract both Thai and foreign tourists, as well as the Kad Farang Village in Chiang Mai, which remains popular among tourists.
Mr. Kwinthir further stated that the company is focused on being a trust that prioritizes ESG (Environmental, Social, and Governance) principles. In June, it was declared "Pride Month," celebrating the LGBTQIA+ community. To support Pride Month and promote acceptance and rights for LGBTQIA+ individuals, the trust aims to contribute to building a more inclusive, equitable, and just society, aligned with the Sustainable Development Goals (SDGs), including SDG 5 for gender equality, SDG 10 for reducing social, economic, and legal inequalities, and SDG 16 for peace, justice, and strong institutions. Throughout June 2567, special activities will be organized at ALLY shopping centers, including the CDC Crystal Design Center, to reinforce the image of being a modern organization that encourages everyone to embrace their differences and take pride in their identities freely, without being limited by gender identity and expression.