S Prime Growth Leasehold Real Estate Investment Trust
SSET:SPRIME4.00
THB
+0.04
(+1.01%)
ISIN
TH8934010001
Return %
Stock
S&P 500
1Y
14.29
14.20
3Y
-16.32
81.12
5Y
-42.45
68.34
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.Company Description
- CEO
- Achawit Singsuwan
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 123 Sun Tower A Building Bangkok BM Thailand 10900
- IPO Date
- Jan 23, 2019
- Website
- sprimegrowth.com
- Similar Companies
- Business
- S Prime Growth Leasehold Real Estate Investment Trust (SPRIME.BK) is a real estate investment trust focused on acquiring and managing leasehold rights in premium office and supportive commercial properties in Thailand. Established on January 17, 2019, and listed on the Stock Exchange of Thailand on January 23, 2019, the trust is headquartered in Bangkok and operates exclusively within Thailand, with its core portfolio centered on the SUNTOWERS complex located north of Bangkok near prime business areas. SUNTOWERS encompasses approximately 118,828 square meters of leasehold rights in office spaces, conference areas, common areas, parking facilities, building systems, retail spaces including shops and restaurants, and convenience stores that support office leasing activities; the 30-year leasehold period runs from January 18, 2019, to January 17, 2049. The trust's primary asset, SUNTOWERS, benefits from strategic positioning with convenient connectivity, high-quality diverse tenants, and integrated lifestyle services such as nearby shopping malls and universities; property management is handled by Max Future Company Limited, a subsidiary of Singha Estate Public Company Limited, while S REIT Management Company Limited serves as the manager and SCB Asset Management Company Limited acts as the trustee. The investment strategy emphasizes properties that promote office space leasing revenue through rentals, sub-leases, and related enhancements, targeting stable income generation for unitholders in the commercial real estate sector, particularly office REITs. In June 2022, SPRIME expanded its portfolio through an additional investment in SUNTOWERS retail space, enhancing revenue diversification and supporting office occupancy; no further major acquisitions, partnerships, funding rounds, or strategic shifts have been reported in the last 1-2 years, with recent activities focused on quarterly financial reporting, NAV updates, and interim dividend payments as of mid-2025. The trust maintains a single reportable operating segment in leasehold property investments, prioritizing long-term value creation under strong corporate governance.