Nichada Thani Property Fund 2
SSET:MNIT24.98
THB
+0.06
(+1.22%)
ISIN
TH1000010005
Return %
Stock
S&P 500
1Y
1.63
14.20
3Y
-0.40
81.12
5Y
3.75
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Thanachot Rungsitthiwat
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 199 Column Tower Bangkok BM Thailand 10110
- IPO Date
- Mar 31, 2009
- Website
- mfcfund.com
- Similar Companies
- Business
- MFC-Nichada Thani Property Fund 2 (MNIT2.BK) is a close-ended property fund with no maturity date that invests in freehold rights to residential real estate properties, including land and units of two-story private houses located in The Regent Project 1 (approximately 30 units) and The Regent Project 2 (over 17 units), both situated in Amphur Pakkred, Nonthaburi Province, Thailand. The fund generates income primarily through the rental of these properties and distributes proceeds to unitholders via regular dividends. It operates exclusively within the Thai real estate investment trust sector, targeting long-term stable returns from premium residential assets in the greater Bangkok area. Established on December 23, 2008, and listed on the Stock Exchange of Thailand on March 31, 2009, the fund is headquartered at 199 Column Tower, Ground Floor & 21st-23rd Floor, Ratchadapisek Road, Klongtoey, Bangkok 10110, Thailand. MFC Asset Management Public Company Limited serves as the fund manager and registrar, while Kasikorn Bank Public Company Limited acts as the trustee of its assets. The fund has no subsidiaries or parent company relationships and maintains a focused portfolio without diversification into other asset classes or geographies. In recent developments, the fund reduced its par value from 8.85 Baht to 8.15 Baht on October 26, 2023, to optimize its capital structure amid market conditions. It continues to emphasize consistent dividend distributions from net profits and retained earnings, approving payments such as 0.09 Baht per unit for the period July 1 to September 30, 2025 (payable December 24, 2025) and 0.0950 Baht per unit with a record date of March 19, 2025. No major partnerships, acquisitions, new product launches, or strategic expansions have been reported in the last 1-2 years, reflecting a stable operational focus on its core property holdings.