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

Nationality Profile of 3 Hotels in Thailand

Unit: %

Nationality Profile of Dusit Thani Maldives

Unit: %

2017 2018 2019 2020 Q2/2020 Q2/2021
Operation Performance (Thousand Baht)
Rental income 19,012 226,337 286,061 424,367 213,647 217,368
Interest income 18 856 393 330 225 38
Other income 221 38 2,331 1,993 753 208
Total income 19,251 227,231 288,785 426,691 214,625 217,614
Total expenses 1,322 20,082 47,354 60,039 30,831 31,151
Investment income before finance costs 17,930 207,149 241,430 366,652 183,794 186,463
Finance costs 1,413 21,540 32,311 73,384 37,012 35,774
Net investment income 16,516 185,609 209,119 293,268 146,782 150,689
Net gain (loss) on investment  (7,358) (5,192) (3,297)
Net gain on changes in fair value of investments  1,432 1,621 (110,423)
Net realised gain (loss) from sale of investments in securities 2,335
Net realised gain (loss) from investments in freehold and leasehold properties (1,420) (3,416)
Net unrealised gain (loss) from investments in freehold and leasehold properties  (3,975) (71,794)
Net unrealised gain (loss) from investments in securities 327
The effect of changes in foreign exchange rates (14,626) 33,209 29,347 727
Net increase in net assets resulting from operations 16,516 180,214 121,947 320,552 172,558 37,696
Financial Position
Investment Properties 4,172,774 4,339,997 6,780,673 7,258,856 7,258,856 7,376,641
Other assets 171,518 42,072 196,284 232,678 232,678 221,199
Total assets 4,344,292 4,382,069 6,976,956 7,491,534 7,491,534 7,597,840
Long-term loans 588,889 599,095 1,488,210 1,683,507 1,683,507 1,736,121
Other payable and accrued expenses 82,836 54,774 87,521 331,051 331,050 337,516
Total liabilities 671,725 653,869 1,575,731 2,014,558 2,014,557 2,073,637
Net assets 3,672,567 3,728,200 5,401,226 5,476,977 5,476,977 5,524,203
Financial Ratios
Number of outstanding units at the end of period (units) 409,400,000 409,400,000 711,500,000 711,500,000 711,500,000 711,500,000
Net investment income (Baht per unit) 0.0404 0.4534 0.2939 0.4122 0.2063 0.2118
Net asset value (Baht per unit) 8.9706 9.1065 7.5913 7.6978 7.6978 7.7642
Interest bearing debt to total assets ratio (%) 13.56% 13.67% 21.33% 22.47% 28.70% 25.97%
Total liabilities to total assets (%) 15.46% 14.92% 22.58% 26.89% 26.89% 27.29%
Total liabilities to net assets value ratio (times) 0.18 0.18 0.29 0.37 0.37 0.38
Interest coverage ratio (times) 12.69 9.62 7.47 5.00 4.97 5.21