ALLY Trust demonstrates strong performance with Q2/68 investment profits soaring by 11.8%, generating total revenue of 400.1 million baht and showcasing a robust occupancy rate of 92.9%. The trust is set to pay a dividend of 0.1120 baht per unit while completing the acquisition of two new asset projects, aiming to expand its portfolio to 16 billion baht within two years.

ALLY Real Estate Investment Trust reported its Q2/68 performance with total revenue of 400.1 million baht and net investment profit of 156.9 million baht, maintaining a high average occupancy rate of 92.9%. The trust plans to distribute a dividend of 0.1120 baht per unit, offering a yield of 9.8%. It has successfully renewed contracts with over 93.5% of existing tenants and announced the completion of two new asset acquisitions by August, increasing its asset portfolio to 13.67 billion baht, reinforcing its position as the trust with the most community mall assets in Thailand.

Mr. Kwinth Aiemsakulrat, CEO of Ally REIT Management Co., Ltd., as the manager of the ALLY Trust, revealed the overall performance for Q2/2568 (April - June). The ALLY Real Estate Investment Trust achieved a net investment profit of 156.9 million baht, an increase of 11.8% compared to the previous quarter (QoQ), which had a net investment profit of 140.3 million baht, and total revenue of 400.1 million baht, up 4.9% QoQ from 381.3 million baht. The effective management of assets led to a 3.6% increase in rental and service income QoQ. Additionally, the trust organized various marketing activities and events at its managed shopping centers, such as Summer Kid Playland, Education Fun Fair, Teds Play Steam Robotic, and ALLY Green Fest, which helped boost store sales by nearly 4% YoY and attracted over 4.7 million visitors to the shopping centers in Q2/2568.

As of the end of Q2/2568, the trust had a net leasable area of approximately 164,113 square meters and an average rental rate of 588 baht per square meter per month, maintaining a strong renewal rate of 93.5% with existing tenants and signing contracts with over 30 new tenants, totaling more than 3,500 square meters. This includes notable brands like KID’s Box by kidzooona at the Plearnary Mall Wacharaphol. The trust also maintained a high occupancy rate of 92.9% QoQ, reflecting the strength of its asset portfolio and the stability of ongoing lease agreements.

“Under the management of the trust, which includes 14 projects, we have been able to attract a diverse range of tenants and maintain high occupancy rates due to our properties being located in potential areas within communities and our continuous proactive strategies. This ensures that any events or new popular stores we introduce receive positive feedback from the surrounding community, benefiting the trust's revenue,” said Mr. Kwinth.

Based on its ability to generate cash flow from quality assets, the trust has decided to distribute returns from its Q2/2568 performance at a rate of 0.1120 baht per unit, totaling 97.9 million baht, which translates to a yield of 9.8% compared to the market price of the ALLY units as of June 30, 2568 (4.50 baht per unit). The XD mark is set for August 28, with the book closing date for entitlement to the distribution on September 1, 2568, and payments to unit holders scheduled for September 26, 2568. When combined with the distributions for the first six months of 2568, the total distribution will amount to 0.2220 baht per unit, totaling 194.1 million baht.

Mr. Kwinth stated that ALLY remains committed to continuous growth, reinforcing its position as the leading community mall trust in Thailand. The trust is preparing to acquire new assets in two community mall projects: the T10 Project, with an investment value not exceeding 16 million baht, located in a prime area on Tiwanon Road, featuring leading tenants such as KFC, 7-11, and Amazon, currently at 100% occupancy; and the Village Hub Sai Mai project on Sai Mai Road, with an initial investment value of 30 million baht, currently over 97% leased, featuring prominent tenants like LOTUS’s go fresh, B-Quick, and Banana IT, managed by Baan Setthakit Co., Ltd., a developer specializing in small community mall projects. This brings the total assets managed by ALLY to 16 locations, increasing the leased area to 169,908 square meters and raising the total asset value to 13.67 billion baht, reinforcing its potential as a retail trust with one of the highest total asset values in the country.

Following the completion of the new asset investments, the trust will recognize income immediately in Q3/2568, which will strengthen its position and create sustainable growth, with an estimated yield of over 10% in the first year per project. This will positively impact unit holders by increasing their potential returns and diversifying the benefits derived from the properties, making it an attractive trust for investors seeking consistent cash flow and long-term growth opportunities.

For future investment expansion plans, the trust has a budget of over 3 billion baht, aiming to reach a portfolio of 16 billion baht by 2570, including plans to expand lease rights in the Crystal Design Center (CDC) project, valued at approximately 200 million baht in the last quarter of 2568, and is also considering investing in three new potential community mall projects in economic and residential areas around Bangkok by 2569.