Talaad Thai Leasehold Property Fund Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 05:01 pm IST
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Talaad Thai Leasehold Property Fund announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was THB 150.434 million compared to THB 147.710 million a year ago. Net income was THB 29.396 million compared to THB 88.466 million a year ago. For the nine months, total revenue was THB 437.045 million compared to THB 438.749 million a year ago. Net income was THB 176.565 million compared to THB 254.958 million a year ago.
Talaad Thai Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The Fundâs objective is to seek funds from general investors, using the proceeds of the sale of investment units to purchase and/or rent and provide benefits from those properties, including to improve, alter, develop and/or dispose other assets in which the Fund invests or possesses whatsoever lease, sub-lease and/or sale or other process for the benefit of the property in order to create the revenue and return to the Fund and the unitholders. The Fund invests in some parts of leasehold properties in the Talaad Thai wholesale market. The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company). Citibank, N.A. serves as the trustee of the Fund. Thai Agro Exchange Company Limited acts as the property manager.
TALAAD THAI LEASEHOLD PROPERTY FUND 
