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)

  2017 2018 2019
Operation Performance  (Thousand Baht)
Rental income 19,012 226,337 286,061
Interest income 18 856 393
Other income 221 38 2,331
Total income 19,251 227,231 288,785
Total expenses 1,322 20,082 47,354
Investment income before finance costs 17,930 207,149 241,430
Finance costs 1,413 21,540 32,311
Net investment income 16,516 185,609 209,119
Net realised gain (loss)  (1,420) (1,080)
Net unrealised gain (loss)  (3,975) (71,466)
Net unrealised gain (loss) from foreign exchange rate (348)
The effect of changes in foreign exchange rates - (14,277)
 Increase in net assets from operations 16,516 180,214 121,947
Financial Position      
Investment Properties 4,172,774 4,339,997 6,780,673
Other assets 171,518 42,072 196,284
Total assets 4,344,292 4,382,069 6,976,956
Long-term loan 588,889 599,095 1,488,210
Other payable and accrued expenses 82,836 54,774 87,521
Total liabilities 671,725 653,869 1,575,731
Net assets 3,672,567 3,728,200 5,401,226
Financial Ratios      
Number of outstanding units at the end of period (units) 409,400,000 409,400,000 711,500,000
Net investment income (Baht per unit) 0.0404 0.4534 0.4263
Net asset value (Baht per unit) 8.9706 9.1065 7.5913
Interest bearing debt to total assets ratio (%) 13.56% 13.67% 21.33%
Total liabilities to total assets (%) 15.46% 14.92% 22.58%
Total liabilities to net assets value ratio (times) 0.18 0.18 0.29
Interest coverage ratio (times) 12.69 9.62 7.70