Company Overview

Business Description

Sector
Real Estate
Industry
Real Estate
Headquarters
Thailand TH
IPO date
Jan 23, 2019

S Prime Growth Leasehold REIT is a real estate investment trust that owns leasehold rights in income-producing commercial property in Thailand, mainly space rented to office tenants and other business users. It does not build properties itself; it buys long-term rights to collect rent from buildings already in use and then manages those assets as a landlord.

The trust makes money mostly from rental income paid by tenants under lease agreements. Its main customers are companies and organizations that need office or commercial space and are willing to pay for well-located, ready-to-use property rather than develop their own. Investors in the REIT receive the cash flow generated by those leases after operating costs and financing expenses.

What makes this business model different is that it sits between property ownership and traditional investing. SPRIME turns leased commercial property into an income asset, giving tenants access to space and giving investors exposure to rental cash flow without having to own or manage buildings directly.

S Prime Growth Leasehold REIT Investor Relations

Address
No. 123 Suntowers Building B,, 37th Floor, Vibhavadi Rangsit Road,, Chomphon Subdistrict, Chatuchak District,
Bangkok, Bangkok Metropolis
Thailand

Business Segments

Property leasing

The REIT owns leasehold rights in income-producing properties and leases the space to tenants for their day-to-day business use.

Customers

Businesses and organizations that rent the properties for offices, shops, or other commercial use.

Revenue Model

It earns rental income from tenant leases and related property charges under the lease agreements.

Management

Ms. Nutrinee Chinajitphan

Manager of Bus. Development & Investor Relations Department of S REIT Management Company Ltd

Biography unavailable

Ms. Anna Wongsuta

Assistant Manager of Compliance & Risk Management

Biography unavailable

Mr. Achawit Singsuwan

MD, Director of Operational Support Department & Director of S REIT Management Company Ltd

Biography unavailable

Mr. Jirawat Pisitpongsa

AVP of Asset Management

Biography unavailable

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