MFC Patong Heritage Property Fund
SSET:M-PAT1.60
THB
0.00
(0.00%)
ISIN
TH5538010007
Return %
Stock
S&P 500
1Y
-37.98
14.20
3Y
-57.22
81.12
5Y
-58.33
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 199 Column Tower Bangkok BKK Thailand 10330
- IPO Date
- Jun 12, 2014
- Website
- mfcfund.com
- Similar Companies
- Business
- MFC Patong Heritage Property Fund (M-PAT.BK) is a Thailand-based closed-end property fund that invests in freehold land and buildings comprising 183 units of the Patong Night Plaza condominium, operated as the mid-scale Patong Heritage Hotel with 164 keys in Amphur Kathu, Phuket; the fund's assets include related properties, tools, equipment, and other operational items to generate rental income and benefits. The fund leases its primary asset to Patong Heritage Co., Ltd. for hotel operations under a six-year agreement, focusing on stable income from the hospitality sector without direct hotel management. Managed by MFC Asset Management Public Company Limited, it targets retail and institutional investors in real estate investment trusts. Founded on June 11, 2014, and listed on the Stock Exchange of Thailand on June 24, 2014, the fund is headquartered at MFC Asset Management's office in Bangkok, Thailand, with operations centered in Phuket. Its investment strategy emphasizes long-term rental yields from the hotel property, serving tourist markets in southern Thailand. In recent developments, the fund executed its 8th capital reduction on August 22, 2025, decreasing the par value per unit from 9.72 THB to 9.705 THB, followed by a further adjustment to 9.71 THB as of October 7, 2025, to align capital structure with ongoing operations. It released third-quarter 2025 earnings in November 2025, reflecting continued performance in the property fund segment. No major acquisitions, partnerships, or new product launches were reported in the last 1-2 years, maintaining focus on existing hotel leasing amid Phuket's tourism recovery.