THAILAND PRIME PROPERTY FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST

Income Statement Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust

Stocks

TPRIME

TH7549010000

Commercial REITs

End-of-day quote Thailand S.E. Other stock markets 2026-07-10			5-day change	1st Jan Change
7.550 ^THB	-0.66%		-2.58%	+4.14%

07-01	Thailand Prime Property Freehold And Leasehold Real Estate Investment Trust Announces Partial Redemption Of TPRIME271A Debentures Prior To Maturity Date	CI
05-20	Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust Intends to Redeem Portion of Debentures and Procure Borrowings Not Exceeding THB 300 Million	CI

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Published financial data: THAILAND PRIME PROPERTY FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	803M	767M	785M	771M	776M
Interest and Investment Income, Total (Revenue Block)	8.38M	2.61M	17.57M	16.19M	16.9M
Total Revenues	811M	770M	803M	787M	792M
Property Expenses	229M	255M	248M	243M	242M
Selling General & Admin Expenses, Total	24.67M	26.17M	25.2M	26.68M	22.91M
Other Operating Expenses	29.71M	-	-	-	-
Total Operating Expenses	283M	281M	273M	270M	265M
Operating Income (REIT / Utility Template)	528M	489M	529M	517M	527M
Interest Expense, Total	-62.36M	-58.43M	-80.82M	-86.29M	-79.42M
Net Interest Expenses	-62.36M	-58.43M	-80.82M	-86.29M	-79.42M
Other Non Operating Income (Expenses)	-29.51M	-22.8M	-26.76M	-23.1M	-26.78M
EBT, Excl. Unusual Items	436M	408M	422M	407M	421M
Gain (Loss) on Sale of Investments	-	-	-	53.77K	83.61K
Asset Writedown	-54.63M	-47.91M	21.34M	-310M	-164M
EBT, Incl. Unusual Items	382M	360M	443M	97.63M	258M
Income Tax Expense	65.46M	54.33M	57.52M	52.42M	54.32M
Earnings From Continuing Operations	316M	306M	386M	45.21M	203M
Net Income to Company	316M	306M	386M	45.21M	203M
Net Income - (IS)	316M	306M	386M	45.21M	203M
Net Income to Common Incl Extra Items	316M	306M	386M	45.21M	203M
Net Income to Common Excl. Extra Items	316M	306M	386M	45.21M	203M
Per Share Items
Net EPS - Basic	0.58	0.56	0.7	0.08	0.37
Basic EPS - Continuing Operations	0.58	0.56	0.7	0.08	0.37
Basic Weighted Average Shares Outstanding	548M	548M	548M	548M	548M
Net EPS - Diluted	0.58	0.56	0.7	0.08	0.37
Diluted EPS - Continuing Operations	0.58	0.56	0.7	0.08	0.37
Diluted Weighted Average Shares Outstanding	548M	548M	548M	548M	548M
Normalized Basic EPS	0.5	0.47	0.48	0.46	0.48
Normalized Diluted EPS	0.5	0.47	0.48	0.46	0.48
Dividend Per Share	0.44	0.43	0.44	0.42	0.42
Payout Ratio	85.92	85.36	60.32	521.09	110.75
Supplemental Items
EBITDA	532M	493M	533M	520M	531M
EBITA	532M	493M	533M	520M	531M
EBIT	528M	489M	529M	517M	527M
Total Revenues (As Reported)	811M	770M	803M	787M	792M
Effective Tax Rate - (Ratio)	17.15	15.09	12.98	53.69	21.08
Current Domestic Taxes	-	-	-	53.22M	54.46M
Total Current Taxes	-	-	58.33M	53.22M	54.46M
Deferred Domestic Taxes	-	-	-	-807K	-149K
Total Deferred Taxes	-	-	-809K	-807K	-149K
Normalized Net Income	273M	255M	264M	255M	263M
Supplemental Operating Expense Items
General and Administrative Expenses	24.67M	26.17M	25.2M	26.68M	22.91M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Net Property Plant And Equipment	6.53B	6.47B	6.66B	6.6B	6.6B
Total Real Estate Assets	6.53B	6.47B	6.66B	6.6B	6.6B
Cash And Equivalents	693M	710M	697M	571M	521M
Accounts Receivable, Total	7.59M	6.66M	8.89M	6.15M	7.57M
Other Receivables	5.63M	621K	164K	450K	386K
Investment In Debt and Equity Securities	-	-	-	-	-
Other Intangibles, Total	2.25B	2.27B	2.15B	1.95B	1.86B
Other Current Assets, Total	7.73M	6.35M	6.8M	6.17M	6.47M
Trading Asset Securities, Total	-	-	-	103M	146M
Deferred Tax Assets Long-Term (Collected)	-	-	-	212K	278K
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	25.88M	27.27M	25.77M	23.07M	24.02M
Total Assets	9.53B	9.49B	9.55B	9.26B	9.16B
Liabilities
Current Portion of Long-Term Debt	-	-	-	-	1B
Current Portion of Leases	-	-	-	-	10.06M
Long-Term Debt	2.05B	2.05B	2.03B	2.04B	1.05B
Long-Term Leases	296M	287M	282M	272M	251M
Accrued Expenses, Total	46.95M	53.11M	51.1M	49.18M	48.78M
Current Income Taxes Payable	20.17M	18.49M	19.75M	18.01M	19.49M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	-	26.46M
Unearned Revenue Non Current	51.86M	42.14M	36M	31.76M	39.68M
Deferred Tax Liability Non-Current	928K	1.42M	603K	-	-
Other Non Current Liabilities	277M	286M	298M	283M	253M
Total Liabilities	2.74B	2.74B	2.72B	2.69B	2.7B
Common Stock, Total	4.82B	4.74B	4.66B	4.59B	4.51B
Retained Earnings	1.97B	2.01B	2.16B	1.97B	1.95B
Total Common Equity	6.79B	6.75B	6.83B	6.56B	6.46B
Total Equity	6.79B	6.75B	6.83B	6.56B	6.46B
Total Liabilities And Equity	9.53B	9.49B	9.55B	9.26B	9.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	548M	548M	548M	548M	548M
ECS Total Common Shares Outstanding	548M	548M	548M	548M	548M
Book Value / Share	12.4	12.33	12.47	11.99	11.8
Tangible Book Value	4.53B	4.48B	4.68B	4.61B	4.61B
Tangible Book Value Per Share	8.28	8.19	8.54	8.42	8.41
Total Debt	2.34B	2.34B	2.32B	2.31B	2.31B
Net Debt	1.65B	1.63B	1.62B	1.64B	1.64B
Account Code - Inventory Valuation	3	3	3	3	3
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	2.67M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	316M	306M	386M	45.21M	203M
Depreciation, Depletion & Amortization	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (CF)	3.57M	3.57M	3.57M	3.58M	3.57M
Total Depreciation, Depletion & Amortization	3.57M	3.57M	3.57M	3.58M	3.57M
Amortization of Deferred Charges, Total	29.74M	24K	24K	24K	24K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-53.77K	-83.61K
Total Asset Writedown	54.63M	47.91M	-21.34M	310M	164M
Provision and Write-off of Bad Debts	-	-	-	-	2.67M
Change in Accounts Receivable	798K	5.93M	-1.76M	2.45M	-4.03M
Change in Accounts Payable	-	-	-	-	-
Change in Unearned Revenues	10.65M	-9.72M	-6.13M	-4.24M	7.92M
Change in Other Net Operating Assets (Collected)	-48.64M	15.24M	13.26M	-17.51M	-7.81M
Other Operating Activities	54.13M	57.42M	33.67M	-64.28M	-32.87M
Cash from Operations	421M	426M	407M	275M	336M
Long-Term Debt Issued, Total	-	-	1B	-	-
Total Debt Issued	-	-	1B	-	-
Long-Term Debt Repaid, Total	-14.5M	-16M	-1.01B	-17.3M	-10.4M
Total Debt Repaid	-14.5M	-16M	-1.01B	-17.3M	-10.4M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-95.21M	-82.07M	-75.17M	-76.16M	-79.06M
Common Dividends Paid	-272M	-261M	-233M	-236M	-225M
Common & Preferred Stock Dividends Paid	-272M	-261M	-233M	-236M	-225M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-49.77M	-49.77M	-103M	-72.15M	-72.08M
Cash from Financing	-431M	-409M	-420M	-401M	-387M
Net Change in Cash	-10.08M	17.29M	-12.84M	-126M	-50.38M
Supplemental Items
Cash Interest Paid	49.77M	49.77M	81.67M	72.15M	72.08M
Cash Income Tax Paid (Refund)	73.95M	55.52M	57.51M	54.97M	52.98M
Net Debt Issued / Repaid	-14.5M	-16M	-9.27M	-17.3M	-10.4M
Levered Free Cash Flow	313M	285M	281M	272M	285M
Unlevered Free Cash Flow	352M	321M	331M	326M	335M
Change In Net Working Capital	11.38M	-11.79M	2.96M	588K	-1.52M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.47	3.22	3.48	3.43	3.58
Return on Total Capital	3.63	3.36	3.63	3.58	3.74
Return On Equity %	4.64	4.52	5.68	0.68	3.12
Return on Common Equity	4.64	4.52	5.68	0.68	3.12
Margin Analysis
Gross Profit Margin %	68.14	66.94	69.1	69.07	69.44
SG&A Margin	3.04	3.4	3.14	3.39	2.89
EBITDA Margin %	65.54	64	66.4	66.13	67
EBITA Margin %	65.54	64	66.4	66.13	67
EBIT Margin %	65.1	63.54	65.96	65.68	66.55
Income From Continuing Operations Margin %	38.97	39.71	48.04	5.75	25.66
Net Income Margin %	38.97	39.71	48.04	5.75	25.66
Net Avail. For Common Margin %	38.97	39.71	48.04	5.75	25.66
Normalized Net Income Margin	33.61	33.12	32.84	32.36	33.22
Levered Free Cash Flow Margin	38.58	36.97	35.01	34.58	35.98
Unlevered Free Cash Flow Margin	43.39	41.71	41.3	41.43	42.24
Asset Turnover
Asset Turnover	0.09	0.08	0.08	0.08	0.09
Fixed Assets Turnover	0.13	0.12	0.12	0.12	0.12
Receivables Turnover (Average Receivables)	77.14	107.67	100.95	102.48	113.04
Short Term Liquidity
Current Ratio	10.63	10.11	10.07	10.22	0.62
Quick Ratio	10.52	10.02	9.97	10.13	0.61
Operating Cash Flow to Current Liabilities	6.27	5.95	5.74	4.09	0.3
Days Sales Outstanding (Average Receivables)	4.73	3.39	3.62	3.57	3.23
Long Term Solvency
Total Debt/Equity	34.52	34.6	33.91	35.25	35.75
Total Debt / Total Capital	25.66	25.7	25.32	26.06	26.34
LT Debt/Equity	34.52	34.6	33.91	35.25	20.13
Long-Term Debt / Total Capital	25.66	25.7	25.32	26.06	14.83
Total Liabilities / Total Assets	28.75	28.84	28.49	29.11	29.45
EBIT / Interest Expense	8.47	8.37	6.55	5.99	6.64
EBITDA / Interest Expense	8.53	8.43	6.59	6.03	6.69
(EBITDA - Capex) / Interest Expense	8.53	8.43	6.59	6.03	6.69
Total Debt / EBITDA	4.41	4.74	4.35	4.45	4.35
Net Debt / EBITDA	3.1	3.3	3.04	3.15	3.1
Total Debt / (EBITDA - Capex)	4.41	4.74	4.35	4.45	4.35
Net Debt / (EBITDA - Capex)	3.1	3.3	3.04	3.15	3.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.2	-5.09	4.22	-1.97	0.73
Gross Profit, 1 Yr. Growth %	-18.69	-6.76	7.58	-2.01	1.28
EBITDA, 1 Yr. Growth %	-18.84	-7.31	8.13	-2.36	2.06
EBITA, 1 Yr. Growth %	-18.84	-7.31	8.13	-2.36	2.06
EBIT, 1 Yr. Growth %	-18.94	-7.36	8.19	-2.38	2.07
Earnings From Cont. Operations, 1 Yr. Growth %	-62.72	-3.29	26.08	-88.27	349.83
Net Income, 1 Yr. Growth %	-62.72	-3.29	26.08	-88.27	349.83
Diluted EPS Before Extra, 1 Yr. Growth %	-62.72	-3.29	26.08	-88.27	349.83
Normalized Net Income, 1 Yr. Growth %	-22.24	-6.47	3.36	-3.42	3.41
Net Property, Plant and Equip., 1 Yr. Growth %	1.97	-1.02	2.96	-0.92	0
Accounts Receivable, 1 Yr. Growth %	-42.63	-12.19	33.33	-30.78	23.07
Total Assets, 1 Yr. Growth %	0.53	-0.42	0.66	-3.07	-1.06
Common Equity, 1 Yr. Growth %	-0.74	-0.54	1.15	-3.9	-1.53
Tangible Book Value, 1 Yr. Growth %	-0.31	-1.14	4.33	-1.37	-0.15
Cash From Operations, 1 Yr. Growth %	-33.55	1.21	-4.54	-32.42	22.36
Levered Free Cash Flow, 1 Yr. Growth %	-13.4	-9.07	-1.3	-3.17	-3.8
Unlevered Free Cash Flow, 1 Yr. Growth %	-11.83	-8.76	3.2	-1.66	-4.44
Dividend Per Share, 1 Yr. Growth %	-26.56	-1.19	1.6	-5.24	1.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.05	-8.71	-0.54	1.08	-0.63
Gross Profit, 2 Yr. CAGR %	-7.8	-12.93	0.16	2.68	-0.38
EBITDA, 2 Yr. CAGR %	-7.93	-13.27	0.11	2.75	-0.18
EBITA, 2 Yr. CAGR %	-7.93	-13.27	0.11	2.75	-0.18
EBIT, 2 Yr. CAGR %	-7.97	-13.34	0.11	2.77	-0.18
Earnings From Cont. Operations, 2 Yr. CAGR %	-31.28	-39.96	10.43	-61.55	-27.37
Net Income, 2 Yr. CAGR %	-31.28	-39.96	10.43	-61.55	-27.37
Diluted EPS Before Extra, 2 Yr. CAGR %	-31.28	-39.96	10.43	-61.55	-27.37
Normalized Net Income, 2 Yr. CAGR %	-8.76	-14.72	-1.68	-0.09	-0.06
Net Property, Plant and Equip., 2 Yr. CAGR %	3.89	0.47	0.95	1	-0.46
Accounts Receivable, 2 Yr. CAGR %	9.29	-29.02	8.2	-3.93	-7.7
Total Assets, 2 Yr. CAGR %	3.05	0.05	0.12	-1.22	-2.07
Common Equity, 2 Yr. CAGR %	2.83	-0.64	0.3	-1.41	-2.73
Tangible Book Value, 2 Yr. CAGR %	2.53	-0.73	1.56	1.44	-0.76
Cash From Operations, 2 Yr. CAGR %	-4.55	-17.99	-1.7	-19.68	-9.07
Levered Free Cash Flow, 2 Yr. CAGR %	-4.66	-11.26	-5.27	-2.24	0.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	-5.35	-10.31	-2.96	0.74	0.5
Dividend Per Share, 2 Yr. CAGR %	-10.29	-14.81	0.19	-1.88	-2.11
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.52	-7.75	-4.59	-1.02	0.96
Gross Profit, 3 Yr. CAGR %	-1.11	-7.45	-6.57	-0.57	2.21
EBITDA, 3 Yr. CAGR %	-0.99	-7.72	-6.65	-0.72	2.52
EBITA, 3 Yr. CAGR %	-0.99	-7.72	-6.65	-0.72	2.52
EBIT, 3 Yr. CAGR %	-1	-7.77	-6.69	-0.73	2.54
Earnings From Cont. Operations, 3 Yr. CAGR %	-22.88	-22.99	-23.11	-47.71	-12.71
Net Income, 3 Yr. CAGR %	-22.88	-22.99	-23.11	-47.71	-12.71
Diluted EPS Before Extra, 3 Yr. CAGR %	-22.88	-22.99	-23.11	-47.71	-12.71
Normalized Net Income, 3 Yr. CAGR %	-0.69	-8	-9.07	-2.26	1.07
Net Property, Plant and Equip., 3 Yr. CAGR %	4.21	2.23	1.29	0.32	0.67
Accounts Receivable, 3 Yr. CAGR %	-23.24	1.6	-12.42	-6.77	4.34
Total Assets, 3 Yr. CAGR %	2.99	1.88	0.25	-0.96	-1.17
Common Equity, 3 Yr. CAGR %	3.29	1.69	-0.05	-1.12	-1.45
Tangible Book Value, 3 Yr. CAGR %	4.34	1.29	0.93	0.57	0.91
Cash From Operations, 3 Yr. CAGR %	-8.15	-2.66	-13.73	-13.25	-7.58
Levered Free Cash Flow, 3 Yr. CAGR %	-5.3	-6.15	-8.06	-4.57	0.05
Unlevered Free Cash Flow, 3 Yr. CAGR %	-5.51	-6.5	-6.01	-2.53	1.39
Dividend Per Share, 3 Yr. CAGR %	-2.44	-7.36	-9.66	-1.65	-0.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.37	-1.52	-2.95	-4.32	-3.02
Gross Profit, 5 Yr. CAGR %	6.95	2	-0.6	-3.53	-4.14
EBITDA, 5 Yr. CAGR %	6.96	2.01	-0.55	-3.67	-4.11
EBITA, 5 Yr. CAGR %	7.16	2.01	-0.55	-3.67	-4.11
EBIT, 5 Yr. CAGR %	7.18	2.03	-0.56	-3.69	-4.14
Earnings From Cont. Operations, 5 Yr. CAGR %	4.09	-14.45	-10.97	-41.67	-24.84
Net Income, 5 Yr. CAGR %	4.09	-14.45	-10.97	-41.67	-24.84
Diluted EPS Before Extra, 5 Yr. CAGR %	4.09	-14.45	-10.97	-41.67	-24.84
Normalized Net Income, 5 Yr. CAGR %	8.04	3.52	-1.09	-4.92	-5.57
Net Property, Plant and Equip., 5 Yr. CAGR %	6.41	3.46	2.89	1.74	0.59
Accounts Receivable, 5 Yr. CAGR %	-22.34	-15.74	-11.94	-0.65	-10.56
Total Assets, 5 Yr. CAGR %	3.29	2.57	1.83	0.63	-0.68
Common Equity, 5 Yr. CAGR %	4.15	2.89	2.08	0.44	-1.13
Tangible Book Value, 5 Yr. CAGR %	8.24	4.05	3.22	1.35	0.25
Cash From Operations, 5 Yr. CAGR %	-56.12	3.89	-5.63	-9.87	-11.9
Levered Free Cash Flow, 5 Yr. CAGR %	-	10.58	-5.28	-4.61	-4.63
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	7.76	-4.5	-3.67	-3.46
Dividend Per Share, 5 Yr. CAGR %	7.57	3.04	-1.39	-5.2	-6.71