Talaad Thai Leasehold Property Fund Reports Earnings Results for the Full Year Ended December 31, 2020
February 16, 2021 at 10:29 am
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Talaad Thai Leasehold Property Fund announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was THB 588.147 million compared to THB 586.209 million a year ago. Net income was THB 246.627 million compared to THB 332.464 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 
