ALLY, the real estate investment trust, reported its Q1/68 performance with total revenue of 381.3 million Baht and a net investment profit of 140.3 million Baht. It announced a first-quarter dividend payment of 0.1100 Baht per unit, yielding 9.3%. The trust maintained a high average occupancy rate of 92.7% and is expanding its asset portfolio with additional investments in two community malls located in promising areas: "T-Ten by Village Hub" and "Village Hub Sai Mai," expected to be operational by August, enhancing long-term returns for trust unit holders.

Mr. Kwinth Eamsakulrat, CEO of Ally REIT Management Co., Ltd., as the manager of the ALLY trust, revealed the overall performance for Q1/2568 (January 1, 2568 - March 31, 2568), showing a net investment profit of 140.3 million Baht, an increase of 0.8% compared to the previous quarter (QoQ), which had a net investment profit of 139.1 million Baht. Total revenue was 381.3 million Baht, down 4.8% from the previous quarter (QoQ) of 400.4 million Baht. Nevertheless, the trust maintained a high occupancy rate of 92.7%, similar to the previous quarter.

Shopping centers managed by ALLY in tourist areas showed good growth and strong performance, particularly the Ampark Chulalongkorn project in the bustling area of Banthatthong, which has an average rental rate of 98%. The Kad Farang Village project in Chiang Mai has seen a robust recovery in tourism, resulting in high rental rates and increased sales for tenants. In community projects, The Scene Town in Town has seen demand from Chinese customers, leading to a rental rate of 99%, while Plenary Mall Watcharaphon has experienced rapid growth with consistently high rental demand throughout 2568. All four mentioned projects achieved record operational revenue.

As of the end of Q1/2568, the trust had a net leasable area of approximately 164,556 square meters and an average rental rate of 585 Baht per square meter per month. Additionally, the trust achieved a renewal rate of 92.1% with existing tenants and signed contracts with over 20 new tenants from various businesses, including restaurants and beverages, beauty, furniture and home decor, and education. Demand for leasing space in community malls is on the rise, as reflected in Q1/2568, where the trust exceeded its leasing targets, driven mainly by the food and beverage sector, with operators planning aggressive expansions and new entrants from China and premium players. Furthermore, tenant demand in certain business sectors is shifting towards lifestyle shopping centers due to lower rental costs compared to traditional malls.

Recently, the trust announced a benefit payment from its Q1/2568 operations at a rate of 0.1100 Baht per unit, totaling 96.2 million Baht, which corresponds to a yield of 9.3% for the first quarter based on the market price of the ALLY trust unit as of May 15, 2568 (4.72 Baht per unit). The XD mark will be effective on May 29, and the book closing date for entitlement to the benefit payment is June 4, 2568, with payments to trust unit holders scheduled for June 25, 2568.

Mr. Kwinth stated that in 2568, the trust will continue to operate strongly with the goal of INVESTING IN GREENER, HAPPIER COMMUNITIES under three key strategies: 1.) Asset Management Strategy: Develop and enhance assets to create unique and distinctive shopping experiences for customers, while selecting diverse and suitable new tenants for each area, such as Teenoi BBQ, Shabu Baru, Chinese tea brands, and Kidzoona. 2.) Investment & Capital Strategy: Foster portfolio growth by considering investments in 1-2 high-quality projects per year, along with restructuring finances to reduce financial costs. 3.) ESG Strategy: Pursue sustainable business practices to achieve Net Zero goals through Reduce / Reuse / Recycle initiatives and design spaces to serve as community gathering points.

At the same time, the trust is in the process of investing in two additional projects worth a total of 46 million Baht, including T-Ten by Village Hub in a prime location on Tiwanon Road, with an initial investment of 16 million Baht and a current average occupancy rate of 100%, and Village Hub Sai Mai on Sai Mai Road, with an initial investment of 30 million Baht and an average occupancy rate of over 97%. Both projects are located in promising areas and cater to the behaviors of modern consumers, especially in the rapidly growing small community mall market, which is expanding alongside the growth of residential areas and affluent consumer groups. This is expected to support the trust's performance growth and enhance returns for unit holders, with projected yields exceeding 10% in the first year per project, reflecting the growth potential of the new community mall market where consumers seek convenience and happiness close to home. The investment in these two projects is expected to be completed by August 2568.