Allied REIT closed its revenue for 2021 at 1,127.9 million baht, preparing to pay a dividend of 0.372 baht per unit, which translates to a dividend yield of 5.4% based on market price, higher than other REITs in the same sector. The plan for 2022 includes four main strategies to increase rental income, renovate existing shopping centers, and invest an additional 1.2 billion baht to launch 3-5 new projects to accommodate future growth while managing financial costs to reduce.

Mr. Kwinth Eamsakulrat, director and managing director of K.E. REIT Management Co., Ltd., revealed that the 2021 performance of the REIT recorded total revenue of 1,127.9 million baht, close to the previous year, with a net investment profit of 384.3 million baht, despite the overall market being affected by the ongoing COVID-19 situation.

Mr. Kwinth Eamsakulrat
Director and Managing Director
K.E. REIT Management Co., Ltd.

As of the fourth quarter of 2021, the REIT had an average occupancy rate of 93.6% across all projects, an increase of 0.2% from the previous year, with CDC The Crystal and Amorini achieving occupancy rates as high as 99%. The average rental rate across all projects also increased by 2.1% from the previous year, resulting in a total leased area growth of 15%, equating to a total net leased area of 160,140 square meters.

Recently, Allied REIT has also invested in three projects worth 852 million baht, leading to a continuous asset growth of 7%, now totaling 13.094 billion baht. This includes 1. The Kad Farang Village shopping center in Hang Dong, Chiang Mai, with a net leased area of approximately 7,005 square meters; 2. The Crystal Chaiyaphruek shopping center with a net leased area of approximately 9,020 square meters; and 3. The Prime project located next to Hua Lamphong BTS station, a mixed-use project comprising retail and office space in the rapidly growing Yaowarat area, all three projects are in prime locations with great growth potential.

“Currently, the REIT manages 13 projects, including the Crystal Design Center (CDC), The Crystal Ekamai-Ramintra, The Crystal SB (Ratchaphruek), Amorini Ramintra, Ampark Chula, Plenary Mall Watcharapol, Samakorn Place Ramkhamhaeng-Rangsit and Ratchaphruek, The Scene Town in Town, Kad Farang Village, The Crystal Chaiyaphruek, and The Prime project.”

Mr. Kwinth stated, “In 2022, Allied REIT is preparing four key strategies: 1. Strengthen Occupancy, focusing on increasing rental rates from various brand stores, restaurants, hangout spots, health and beauty shops, and schools; 2. Enhance Assets, renovating shopping centers, including the CDC to increase retail space and create special areas like CDC Design Park to cater to the new generation's trends, aiming to be the number one pet park destination in Bangkok; 3. New Projects Investment, investing in 3-5 new projects worth a total of 1.2 billion baht, focusing on lifestyle malls in fast-growing areas with strong purchasing power; and 4. Capital Flexibility, planning for credit rating and future bond issuance. Overall, Allied REIT has prepared a clear plan for the future and is fully equipped to handle external factors that are difficult to control.”