Mitihoon – IMPACT GROWTH REIT announced its Q1 FY 2025/26 results (ending June 30, 2025), reporting total revenue of THB 619.5 million and net profit of THB 359.9 million. A dividend of THB 0.22 per unit was approved. Despite a slight year-on-year decline, the REIT maintained a healthy occupancy rate of 43.6%. The second half is expected to gain momentum from a packed schedule of major concerts and events, supported by the opening of the extended Pink Line monorail, which is set to boost accessibility and drive higher attendance.
Mr. Paul Kanjanapas, CEO of IMPACT Exhibition Management Co., Ltd., the property manager of IMPACT Growth REIT, stated that the overall performance outlook for the REIT in fiscal year 2025/2026 (April 1, 2025 – March 31, 2026) remains positive, with continued growth momentum. The REIT targets a 5–10% increase in both revenue and dividend payouts, reflecting confidence in the business’s potential and the recovery of Thailand’s MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, which continues to serve as a key driver of the national economy.
In Q1 of this fiscal year, IMPACT Growth REIT continued to host events both domestically and internationally, with the average rental rate per area (ARR) continuing to rise year-on-year. This reflects strong demand for event space and improved revenue-generating efficiency per square meter. The REIT also benefited from the opening of two new stations on the extended Pink Line Skytrain—IMPACT Muang Thong Thani Station (MT01) and Muang Thong Thani Lake Station (MT02)—as well as the Sky Entrance walkway linking Exit 3 of MT01 directly to Challenger Hall. Operational since late May, these upgrades have enhanced accessibility and safety, helping draw more attendees to events.
The REIT anticipates that, despite ongoing economic challenges, the remainder of the year will be supported by a robust pipeline of events and concerts scheduled through year-end. Combined with efficient cost management and a prudent approach to new investment opportunities, these factors are expected to drive sustainable growth. This reinforces IMPACT Growth REIT’s position as Thailand and the region’s leading MICE and entertainment hub, in alignment with the Thailand Convention and Exhibition Bureau (TCEB)’s declaration of 2025 as the “Year of MICE.”
Ms. Wanphen Mungpiensagul, Managing Director of RMI Company Limited, the REIT manager of IMPACT Growth REIT, stated that for Q1 of fiscal year 2025/2026 (ending June 30, 2025), the REIT recorded total revenue of THB 619.5 million, a 4% decrease compared to the same period last year. Total expenses amounted to THB 262.6 million, down by THB 6.3 million or 2%, primarily due to lower interest payments.
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