Dusit Thani Maldives (United States Dollar)

Occupancy Rate, ADR and REV (Dusit D2 Chiangmai)

Occupancy Rate, ADR and REV (Dusit Thani Huahin)

* Major Renovation from June 2019 – November 2019

Occupancy Rate, ADR and REV (Dusit Thani Laguna Phuket)

Performance of 3 Hotels (Assets in Thailand)

  2017 2018 2019
(First Half)
Operation Performance  (Thousand Baht)
Rental income 19,012 226,337 114,969
Interest income 18 856 225
Other income 221 38 2,331
Total income 19,251 227,231 117,525
Total expenses 1,322 20,082 10,430
Investment income before finance cost 17,930 207,149 107,095
Finance cost 1,413 21,540 13,736
Net investment income 16,516 185,609 93,359
Net loss from realised loss from investments -1,420 58
Net unrealised gain (loss) from investment in propertie; -3,975 6,443
Net unrealised gain (loss) from investment in securities 1205
Increase in net assets from operations 16,516 281,334 101,065
Financial Position
Investment Properties 4,172,774 4,339,997 4,375,351
Other assets 171,518 42,072 215,427
Total assets 4,344,292 4,382,069 4,590,778
Long-term loan 588,889 599,095 774,200
Other payable and accrued expenses 82,836 54,774 57,484
Total liabilities 671,725 653,869 831,684
Net assets 3,672,567 3,728,200 3,759,094
Financial Ratios
Number of outstanding units at the end of period (units) 409,400,000 409,400,000 409,400,000
Net investment income (Baht per unit) 0.0404 0.4534 0.2280
Net asset value (Baht per unit) 8.9706 9.1065 9.1818
Interest bearing debt to total assets ratio (%) 13.56% 13.67% 16.86%
Total liabilities to total assets (%) 15.46% 14.92% 18.11%
Total liabilities to net assets value ratio (times) 0.18 0.18 0.22
Interest coverage ratio (times) 12.69 9.62 7.79

* Major Renovation from June 2019 – November 2019