This has been another year when WHART has operated its business in accordance with the objectives to create stability for the trust unitholders. Although a few numbers of lease agreements expired during 2017 - 2018, WHART was still able to maintain most of the existing tenants and procure more tenants for the businesses which allowed WHART to remain at an occupancy rate of 90%. The Committee of the REIT Manager reiterated the principles of diversified investment in respect of tenant, area, Built-to-Suit type and general warehouse and expanded the size of WHART to create opportunities, diversify risks, and improve liquidity of buy-sale transactions for the trust unitholders. Moreover, WHART has gradually decreased interest expenses incurred due to the loans and the issuance of Debentures which resulted in the reduction of the average interest rate from approximately 4.4% since the establishment of WHART to 2.96% at the end of 2018.

WHART’s business operation which is strongly guided by such principles has brought about a steady and continuous stream of revenue and returns to which WHART distributed the dividend and the returns of capital from the capital reduction, which is a total of Baht 2.9378 per unit since the establishment of WHART (on 8 December 2014 - 31 December 2018). The Management team and Board of Directors of WHART sincerely hope to efficiently operate your capital and assets and would like to express the upmost gratitude to all its unitholders for investing with us and allowing us to serve you.