AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust

AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust

SSET:AIMIRT
11.60
THB
0.00
(0.00%)
0.85EPS
13.49P/E
9.10BMarket Cap
Nov 16Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
14.21
13.43
- -
1.12
0.78
1.36
1.2
1.46
1.52
1.25
1.37
1.46
Basic EPS, GAAP
- -
2.02
-0.05
- -
1.85
0.9
0.96
0.82
1.16
0.84
1.2
0.86
0.85
Free Cash Flow per Basic Share
- -
2.22
1.28
- -
-0.71
-8.89
-0.19
-2.71
-0.37
1
-1.86
-0.39
-1.06
Dividend per Share
- -
1.6
0.14
- -
0.56
0.36
0.82
0.69
0.89
0.89
0.74
0.84
0.82
Book Value per Share
7.5
15.71
15.51
9.39
10.61
11.83
11.97
12.11
12.38
12.33
12.34
12.36
12.37
Tangible Book Value per Share
5.24
13
12.91
9.39
10.61
11.83
11.97
12.11
12.38
12.33
12.34
12.36
12.37
Basic Weighted Avg Shares
165
165
165
163
157
431
431
595
595
595
792
792
792
Sales/Revenue/Turnover
- -
2,349
2,219
- -
176
338
586
713
867
908
992
1,085
1,156
Operating Margin (%)
- -
20.86
8.7
- -
86.65
82.55
80.94
79.04
78.51
76.1
69.94
75.35
74.75
Depreciation Expense
- -
35
44
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
333
-9
- -
291
386
414
488
688
502
949
684
675
Effective Tax Rate (%)
- -
19.04
2,404.79
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
14.2
-0.4
- -
165.42
114.29
70.59
68.4
79.38
55.27
95.68
63.03
58.36
Working Capital
-1,195
-41
125
51
20
-62
165
244
107
247
560
368
-4
LT Debt
1,333
1,367
1,677
590
698
1,671
2,150
2,592
3,481
3,465
3,960
5,242
5,334
Total Equity
1,299
2,646
2,613
1,551
1,754
5,105
5,163
7,212
7,372
7,343
9,767
9,786
9,788
Return on Invested Capital (%)
- -
7.52
-0.51
- -
6.63
6.05
6.74
6.59
6.59
6.38
5.65
5.69
6
Return on Capital (%)
- -
10.29
-42.29
- -
13.74
9.47
6.94
6.77
7.74
6.11
9.15
6.02
6.11
Return on Common Equity (%)
- -
17.39
-0.34
- -
17.59
11.27
8.06
7.88
9.44
6.82
11.09
7
6.9

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
5,186
5,180
5,278
LT Finance Leases
57
57
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
792
792
792
Market Capitalization
8,627
8,548
9,102

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
742
568
327
Cash, Cash Equivalents & STI
713
538
297
Accounts Receivable, Net
20
21
20
Inventories
- -
- -
- -
Total Current Liabilities
374
334
331
Payables & Accruals
111
72
66
ST Debt
- -
- -
- -
Deferred Revenue
263
262
265

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.81%
14.95%
0.2%
Free Cash Flow
- -
192.26%
-79%
Net Income, GAAP
- -
18.61%
-27.89%
Sales/Revenue/Turnover
- -
13.32%
9.47%
Total Cash Common Dividend
- -
13.69%
14.17%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
219
231
269
273
992
2025
272
269
269
276
1,085
2026
305
307
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.43
0.19
0.43
1.2
2025
0.2
0.22
0.19
0.25
0.86
2026
0.23
0.18
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.22
0.14
0.21
0.74
2025
0.21
0.21
0.2
0.21
0.84
2026
0.2
0.2
- -
- -
- -

Company Description

CEO
Amorn Chulaluksananukul
Sector
Finance
Industry
Real estate investment trusts
Address
62 The Millennia Tower Bangkok BM Thailand 10330
IPO Date
Jan 9, 2018
Website
aimirt.com
Business
AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust focuses on investing primarily in freehold and leasehold rights of land, cold storage buildings, warehouse buildings, factory buildings, office buildings, and immovable assets related to cold storage and warehouses in Thailand. Its core products and services include ownership and management of industrial real estate assets such as cold storage facilities, warehouses, liquid chemical storage tanks, and factory spaces. AIMIRT's real estate portfolio includes properties located in key industrial areas such as Samut Sakhon, Chachoengsao, Bang Phi in Samut Prakan, and Rayong, with leasable areas totaling tens of thousands of square meters. The company operates mainly in the industrial growth sector, targeting customers in manufacturing, logistics, cold chain storage, and chemical storage industries, with a geographic focus in Thailand. Founded in 2017 and headquartered in Bangkok, AIMIRT manages a diversified portfolio aimed at industrial growth, incorporating both freehold ownership and leasehold rights to support its expansion strategy. It holds investments in significant projects such as the Pacific Cold Storage project, Chewathai Amata City Project, JWD Navanakorn Project, and more recent acquisitions including manufacturing facilities at WHA Eastern Seaboard and assets from Pinthong Industrial Park Property Fund. Recent major corporate developments include the strategic acquisition of assets and liabilities from Pinthong Industrial Park Property Fund, increasing AIMIRT's portfolio size and diversifying its leased properties. It also expanded its asset base through the purchase of a manufacturing facility at WHA Rayong Industrial Estate. AIMIRT completed several additional asset investments between 2022 and 2024, including the Living and Facilities Project and Precious Wood Industry Project, enhancing income stability and portfolio diversification. The company has successfully secured unanimous approval from unitholders for these expansions and continues to grow its freehold and leasehold investments in strategic industrial zones across Thailand, supporting its business expansion and operational growth objectives. Overall, AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust stands as a key industrial real estate investor in Thailand, offering a broad range of industrial property types with a focus on cold storage and warehouse facilities, combined with ongoing portfolio growth through acquisitions and strategic asset investments in recent years. This positions AIMIRT as a significant player in Thailand’s industrial growth real estate market.