Sign in Subscribe
Stock offerings

Future City Leasehold Real Estate Investment Trust Approves Dividend Payment and Capital Reduction

Strategic Insights

— 2 min read

The Future City Leasehold Real Estate Investment Trust ("FUTURERT") has made significant decisions regarding its financial matters. At a recent meeting of the Real Estate Investment Committee of BBL Asset Management Company Limited, acting as the REIT Manager of FUTURERT, two crucial resolutions were passed. Firstly, the dividend payment from operational performance for the period from January 1, 2025, to March 31, 2025, and retained earnings was approved at a rate of Baht 0.244665 per unit. The book closing date for determining the right to receive this dividend payment will be May 29, 2025, with the payment date set for June 12, 2025.

Secondly, the distribution payment in the form of capital reduction was approved at a rate of 0.0305, decreasing the par value of the trust unit from Baht 9.8781 per trust unit to Baht 9.8476 per unit. The book-closing date for fixing the names of unitholders for the right to receive payment from capital reduction will also be May 29, 2025, with the payment date for the capital reduction occurring on June 12, 2025.

Key Takeaways:

  • The Future City Leasehold Real Estate Investment Trust (FUTURERT) has approved a dividend payment from operational performance for the period from January 1, 2025, to March 31, 2025, and retained earnings at a rate of Baht 0.244665 per unit.
  • The book closing date for determining the right to receive this dividend payment is May 29, 2025, with the payment date set for June 12, 2025.
  • The trust has also approved a distribution payment in the form of capital reduction at a rate of 0.0305, decreasing the par value of the trust unit from Baht 9.8781 per trust unit to Baht 9.8476 per unit.
  • The book-closing date for fixing the names of unitholders for the right to receive payment from capital reduction is May 29, 2025, with the payment date for the capital reduction occurring on June 12, 2025.
  • The capital reduction is aimed at addressing the net loss on change in fair value of investment from the revaluation of investment in leasehold properties in the first quarter of 2025.
  • The non-cash expense from the net loss on change in fair value of the investment does not affect the adjusted net profit calculation.
  • According to the Trust Deed, FUTURERT can decrease its capital in accordance with the rules outlined in the capital reduction section.

Statistics:

  • Dividend payment rate: Baht 0.244665 per unit
  • Book closing date for dividend payment: May 29, 2025
  • Payment date for dividend: June 12, 2025
  • Capital reduction rate: 0.0305
  • New par value of the trust unit: Baht 9.8476 per unit
  • Original par value of the trust unit: Baht 9.8781 per unit

Sources:

  • Stock Exchange of Thailand Company Announcement (May 15, 2025)

Read more