Dusit Thani Maldives (United States Dollar)

Occupancy Rate, ADR and REV (Dusit D2 Chiangmai)

Occupancy Rate, ADR and REV (Dusit Thani Huahin)

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

Performance of 3 Hotels (Assets in Thailand)

Unit: Million Baht

Performance of Dusit Thani Maldives

Unit: Million Dollars

Unit: Million Dollars
2017 2018 2019 9 Months / 2019 9 Months / 2020
Operation Performance (Thousand Baht)
Rental income 19,012 226,337 286,061 157,606 319,733
Interest income 18 856 393 280 277
Other income 221 38 2,331 2,331 1,569
Total income 19,251 227,231 288,785 160,217 321,579
Total expenses 1,322 20,082 47,354 21,059 46,836
Investment income before finance costs 17,930 207,149 241,430 139,158 274,743
Finance costs 1,413 21,540 32,311 20,790 54,533
Net investment income 16,516 185,609 209,119 118,368 220,210
Net gain on investment - - - - (5,409)
Net gain on changes in fair value of investments - - - - 1,423
Net realised gain (loss) from sale of investments in securities - - 2,335 1,993 -
Net realised gain (loss) from investments in freehold and leasehold properties - (1,420) (3,416) (3,205) -
Net unrealised gain (loss) from investments in freehold and leasehold properties - (3,975) (71,794) 6,443 -
Net unrealised gain (loss) from investments in securities - - 327 465 -
The effect of changes in foreign exchange rates - - (14,626) (7,629) 36,160
Net increase in net assets resulting from operations 16,516 180,214 121,947 116,435 252,384
Financial Position
Investment Properties 4,172,774 4,339,997 6,780,673 6,780,673 7,324,958
Other assets 171,518 42,072 196,284 196,283 231,080
Total assets 4,344,292 4,382,069 6,976,956 6,976,956 7,556,038
Long-term loans 588,889 599,095 1,488,210 1,488,210 1,683,171
Other payable and accrued expenses 82,836 54,774 87,521 87,520 339,136
Total liabilities 671,725 653,869 1,575,731 1,575,730 2,022,307
Net assets 3,672,567 3,728,200 5,401,226 5,401,226 5,533,731
Financial Ratios
Number of outstanding units at the end of period (units) 409,400,000 409,400,000 711,500,000 711,500,000 711,500,000
Net investment income (Baht per unit) 0.0404 0.4534 0.2939 0.1664 0.3095
Net asset value (Baht per unit) 8.9706 9.1065 7.5913 7.5913 7.7776
Interest bearing debt to total assets ratio (%) 13.56% 13.67% 21.33% 21.33% 22.28%
Total liabilities to total assets (%) 15.46% 14.92% 22.58% 22.58% 26.76%
Total liabilities to net assets value ratio (times) 0.18 0.18 0.29 0.29 0.37
Interest coverage ratio (times) 12.69 9.62 7.47 6.69 5.04