Future City Leasehold Real Estate Investment Trust
SSET:FUTURERT9.15
THB
-0.05
(-0.54%)
Future City Leasehold Real Estate Investment Trust
SET:FUTURERT
(Stock Exchange of Thailand)
Recent
price
9.15
P/E
ratio
8.93
div
yld
9.50%
ROIC.AI
Capital Structure
THB
•
in mil. unless spec.Working Capital
THB
•
in mil. unless spec.Growth Rates
THB
•
in mil. unless spec.Quarterly Revenue
THB
•
in mil. unless spec.Quarterly Earnings Per Share
THB
•
in mil. unless spec.Quarterly Dividends Per Share
THB
•
in mil. unless spec.- Similar Companies
- Business
- Future City Leasehold Real Estate Investment Trust (FUTURERT.BK) is a Thailand-based closed-end real estate investment trust that invests primarily in leasehold rights and utilization rights of certain areas within the Future Park Rangsit shopping center, a lifestyle mall located in northern Bangkok. The trust's core asset comprises leasehold interests in shops, common areas including outside spaces, department stores such as Central Department Store and Robinson Department Store, Big C Supercenter, Major Cineplex including a kid theater, two Power Buy branches, two Super Sport branches, two B2S branches, Fitness First, and Tops Supermarket. It generates returns through rental income from these retail properties, targeting investors seeking exposure to the retail real estate sector via stable leasehold revenue streams anchored by major brands and high foot traffic in a key suburban hub. The trust operates exclusively in Thailand, with its primary property in the Greater Bangkok area, serving retail tenants, department stores, and entertainment providers. Managed by BBL Asset Management Co., Ltd., with property management by Rangsit Plaza Co., Ltd. and trusteeship by Krung Thai Asset Management Public Company Limited, it is headquartered at No. 175 Sathorn City Tower, Floors 7, 21, and 26, South Sathon Road, Tungmahamek, Sathon, Bangkok 10120. Established and listed on the Stock Exchange of Thailand on October 7, 2024, at a par value of approximately 9.98 Baht per unit (subsequently adjusted to 9.85 Baht as of June 20, 2025), the trust focuses on high-quality immovable properties and leasehold rights mainly within the Future City Project. Recent developments include a par value reduction from 9.88 to 9.85 Baht on June 20, 2025, alongside notifications for dividend payments and capital reductions, such as the 4th dividend and distribution payment in the form of capital reduction as reported in late 2025. The trust released its Management Discussion and Analysis for Quarter 3 ending September 30, 2025, and maintains an unqualified audit opinion from PricewaterhouseCoopers ABAS Limited for the fiscal year ended December 31. No major acquisitions, partnerships, funding rounds, or new product launches have been publicly announced in the last 1-2 years beyond its initial listing and ongoing operational adjustments.