ALLY Real Estate Investment Trust (REIT) has announced its performance results for the year 2025, showcasing robust growth despite challenging economic conditions, achieving total revenue of 1.597 billion baht. Meanwhile, Q4 profit surged by over 22.1% YoY, benefiting from the recognition of income from new projects and effective cost management strategies. The average occupancy rate remains high at over 93%, with a lease renewal rate of 95.1%, reflecting tenant confidence in prime locations. A quarterly distribution of 0.1110 baht per unit is set to be paid, yielding 9.8%, with the XD date on February 25, and a total annual payout of 0.4430 baht per unit.

Mr. Kwinth Eamsakulrat, CEO of Ally REIT Management Co., Ltd., as the manager of ALLY Trust, revealed that the performance results for 2025 reflect strong operational outcomes amidst a challenging economic environment, with total revenue of 1.597 billion baht and net investment profit of 606.9 million baht. These results demonstrate the stability of income structure and effective asset portfolio management. Additionally, in Q3 2025, the trust invested in additional properties in the T-Ten by Village Hub project located on Tiwanon Road, with an investment value of 14.68 million baht, currently achieving an average occupancy rate of 90%. By the end of 2025, ALLY Trust manages 15 shopping center projects with a total net leasable area of 164,318 square meters.

In Q4 2025 (October-December), the trust generated total revenue of 419.3 million baht, an increase of 5.8% compared to the previous quarter (QoQ) and up 4.7% YoY, supported by significant growth in other income and effective space management for supplementary revenue. The net investment profit for this quarter reached 169.9 million baht, rising 21.4% QoQ and 22.1% YoY, reflecting disciplined cost management and a significant recovery in profit levels, alongside maintaining long-term financial stability. By the end of the quarter, the Net Asset Value (NAV) stood at 8,621.4 million baht, a 2.4% increase YoY, equating to a NAV per unit of 9.8631 baht, indicating growth in accounting value and sustainable capital quality.

Regarding space management, ALLY continues to maintain a high average occupancy rate of 93.0%, which is optimal for retail assets in community locations. Furthermore, the retention rate for existing tenants is notably strong at 95.1%, up 3.9% YoY, with an average rental reversion rate of 10.3% compared to previous contracts, demonstrating the trust's ability to retain existing tenants and underscoring the quality of locations in Bangkok and Chiang Mai. This model of "Community-based Retail" focuses on customers with real purchasing power in their daily lives, effectively mitigating the impact of fluctuations in tourism and luxury goods.

Given the growth in performance, the trust has approved a distribution from Q4 2025 operations at a rate of 0.1110 baht per unit, yielding 9.8% based on the market closing price (4.52 baht per unit) of ALLY units on February 16, 2026. The XD date is set for February 25, with the unit transfer registration book closing on February 27, 2026, in preparation for dividend payments on March 25, 2026. Overall, the total distribution for 2025 will amount to 0.4430 baht per unit, representing a payout ratio of 92.9% of adjusted net profit, which is appropriate and reflects a balanced approach to managing returns for unit holders while maintaining long-term financial strength.

Mr. Kwinth stated that although the Thai economy is gradually recovering, the stability of low inflation and the easing trend of interest rates are significant supporting factors for business and investment, particularly for REITs focusing on recurring income such as shopping centers and community malls. The reduction in financial cost burdens will enhance yield spreads, making them more attractive compared to conventional bonds. Additionally, community mall assets possess structural strength due to consumer behavior emphasizing convenience close to home, ensuring consistent and resilient patronage in community locations amidst economic fluctuations.

Moreover, ALLY Trust benefits from selecting properties in high-potential locations, both in Bangkok, which supports a dense customer base, and in Chiang Mai, a central hub for the economy and tourism in the north, leading to continuous long-term growth in demand for commercial space. The trust remains focused on maintaining income stability through effective tenant mix management that aligns with market demands while adhering to disciplined cost control and systematic capital structure management to generate stable cash flow and consistently maintain distribution levels for unit holders amidst challenging market conditions.