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MFC Industrial Investment Property and Leasehold Fund

MFC Industrial Investment Property and Leasehold Fund

SSET:MII
6.05
THB
0.00
(0.00%)
0.80EPS
7.31P/E
1.01BMarket Cap
2013 Y
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
0.56
0.92
0.85
0.8
0.68
0.74
0.76
0.76
0.76
0.79
0.84
- -
0.82
0.85
Basic EPS, GAAP
0.54
0.78
0.84
0.63
0.43
0.6
0.52
0.73
0.74
0.68
0.75
- -
0.79
0.8
Free Cash Flow per Basic Share
-3.75
0.46
1.73
0.63
0.67
0.77
0.47
0.54
0.68
0.67
0.75
- -
0.14
0.52
Dividend per Share
0.42
0.62
0.84
0.65
0.52
0.55
0.56
0.59
0.62
0.59
0.61
- -
0.52
0.63
Book Value per Share
10.13
10.3
9.41
9.39
9.3
9.16
9.12
9.26
9.39
9.47
9.61
9.47
9.74
9.77
Tangible Book Value per Share
10.13
10.3
9.41
9.39
9.3
9.16
9.12
9.26
9.39
9.47
9.61
9.47
9.74
9.77
Basic Weighted Avg Shares
172
172
172
172
172
172
172
172
172
172
172
172
172
172
Sales/Revenue/Turnover
96
158
146
138
117
127
131
131
130
135
145
- -
141
146
Operating Margin (%)
86.11
85.29
78.6
79.62
76.37
76.9
85.05
87.1
88.61
86.01
85.58
- -
81.69
81.67
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
92
134
144
109
73
103
90
125
127
117
129
- -
135
138
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
95.93
84.82
98.52
78.87
62.92
80.62
69.02
96.01
97.36
86.31
88.95
- -
95.85
94.72
Working Capital
49
-29
-35
-32
-12
-7
39
34
31
35
52
110
43
46
LT Debt
- -
- -
- -
- -
- -
- -
- -
161
157
153
148
144
139
136
Total Equity
1,743
1,771
1,618
1,616
1,599
1,575
1,569
1,593
1,614
1,629
1,653
1,628
1,675
1,681
Return on Invested Capital (%)
6.8
7.65
8.51
6.81
5.54
6.16
7.07
6.85
6.55
6.56
6.93
- -
6.44
6.59
Return on Capital (%)
6.79
7.65
8.51
6.75
4.57
6.46
5.74
7.86
7.44
6.86
7.48
- -
7.82
7.9
Return on Common Equity (%)
6.79
7.65
8.51
6.75
4.57
6.46
5.74
7.93
7.91
7.21
7.86
- -
8.2
8.28

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
139
137
136
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
172
172
172
Market Capitalization
753
838
1,010

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
47
36
48
Cash, Cash Equivalents & STI
16
6
20
Accounts Receivable, Net
5
5
5
Inventories
- -
- -
- -
Total Current Liabilities
4
3
2
Payables & Accruals
4
2
2
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.35%
1.01%
2.86%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37
37
38
- -
- -
2025
36
34
34
37
141
2026
37
38
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.18
0.28
- -
- -
2025
0.16
0.16
0.28
0.18
0.79
2026
0.17
0.17
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.18
0.18
- -
- -
2025
- -
0.19
0.16
0.16
0.52
2026
0.15
0.15
- -
- -
- -

Company Description

Company Profile APIChatGPT
Sector
Finance
Industry
Real estate investment trusts
Address
199 Column Tower Bangkok Thailand 10110
IPO Date
Nov 26, 2012
Website
mfcfund.com
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Business
MFC Industrial Investment Freehold and Leasehold Real Estate Investment Trust (MII), formerly known as MFC Industrial Investment Property and Leasehold Fund (M-II.BK), operates as a closed-end real estate investment trust that invests in freehold and leasehold industrial properties for rental income generation. The trust holds freehold ownership of land and 16 industrial factory buildings in the TFD Industrial Estate in Chachoengsao, one factory in the Navanakorn Industrial Promotion Zone in Pathum Thani; leasehold rights over 29 rai of land and ownership of 18 factory buildings in Laem Chabang Industrial Estate in Chonburi, with leases expiring December 17, 2042; and leasehold rights over 25 rai of land plus 17 warehouse and commercial buildings on Kingkaew Road in Samut Prakan, with leases expiring February 19, 2036. It focuses on ready-built factories and warehouses in key Thai industrial estates, targeting industrial tenants seeking long-term leasing arrangements. Originally established in December 2003 as a property fund through a joint venture between Thai Factory Development Public Company Limited (TFD) and MFC Asset Management Public Company Limited, with registered capital of 1,789 million Baht, the entity converted to a real estate investment trust (REIT) and listed on the Stock Exchange of Thailand on December 19, 2024, under the ticker MII. MFC Asset Management Public Company Limited serves as the fund manager, JCK International Public Company Limited acts as asset manager, and Land and Houses Fund Management Co., Ltd. functions as trustee, with headquarters at 199 Column Tower, Ratchadapisek Road, Klongtoey, Bangkok, Thailand. The trust operates exclusively within Thailand, concentrating on industrial real estate segments in Chachoengsao, Pathum Thani, Chonburi, and Samut Prakan provinces. In recent developments, MII underwent its structural conversion from a property fund to a REIT in 2024, enabling enhanced operational flexibility and investor access while maintaining its core property portfolio. Additionally, in late 2024, MFC Industrial Investment Property and Leasehold Fund (pre-conversion M-II), alongside MFC Asset Management, acquired three units of land and factories from Thai Factory Development Public Company Limited for approximately THB 200 million, bolstering its asset base prior to the REIT transition. These changes reflect ongoing strategic enhancements in asset acquisition and fund structure within Thailand's industrial property market.