Declared Dividend • May 24
First quarter dividend of ฿0.033 announced Shareholders will receive a dividend of ฿0.033. Ex-date: 4th June 2026 Payment date: 22nd June 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ฿0.047 (vs ฿0.031 in 1Q 2025) First quarter 2026 results: EPS: ฿0.047 (up from ฿0.031 in 1Q 2025). Revenue: ฿8.69m (up 13% from 1Q 2025). Net income: ฿5.07m (up 52% from 1Q 2025). Profit margin: 58% (up from 43% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 2.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (฿223.6m market cap, or US$6.82m). Minor Risks Dividend is not well covered by earnings (105% payout ratio). Share price has been volatile over the past 3 months (2.7% average weekly change). Revenue is less than US$5m (฿33m revenue, or US$1.0m). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ฿2.62, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 21x in the Residential REITs industry in Asia. Total returns to shareholders of 43% over the past three years. Declared Dividend • Mar 06
Fourth quarter dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 17th March 2026 Payment date: 30th March 2026 Dividend yield will be 5.6%, which is higher than the industry average of 3.9%. Reported Earnings • Feb 27
Full year 2025 earnings released Full year 2025 results: Revenue: ฿33.3m (up 13% from FY 2024). Net income: ฿13.3m (up 66% from FY 2024). Profit margin: 40% (up from 27% in FY 2024). The increase in margin was primarily driven by higher revenue. New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (฿225.8m market cap, or US$7.27m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Revenue is less than US$5m (฿33m revenue, or US$1.0m). Board Change • Dec 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Director Udomkarn Udomsab was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 28
Third quarter dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 9th December 2025 Payment date: 24th December 2025 Dividend yield will be 19%, which is higher than the industry average of 3.9%. Reported Earnings • Nov 16
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ฿9.07m (up 28% from 3Q 2024). Net income: ฿3.50m (up ฿3.09m from 3Q 2024). Profit margin: 39% (up from 5.7% in 3Q 2024). Declared Dividend • Aug 25
Second quarter dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 4th September 2025 Payment date: 22nd September 2025 Dividend yield will be 19%, which is higher than the industry average of 3.9%. New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (฿31m revenue, or US$943k). Market cap is less than US$10m (฿223.6m market cap, or US$6.89m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). Reported Earnings • Aug 16
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ฿8.19m (up 10% from 2Q 2024). Net income: ฿3.28m (down 40% from 2Q 2024). Profit margin: 40% (down from 73% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • May 23
First quarter dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 30th May 2025 Payment date: 19th June 2025 Dividend yield will be 19%, which is higher than the industry average of 3.9%. Reported Earnings • May 16
First quarter 2025 earnings released First quarter 2025 results: Revenue: ฿7.71m (up 4.8% from 1Q 2024). Net income: ฿3.34m (up 2.9% from 1Q 2024). Profit margin: 43% (in line with 1Q 2024). Declared Dividend • Mar 07
Fourth quarter dividend of ฿0.037 announced Shareholders will receive a dividend of ฿0.037. Ex-date: 18th March 2025 Payment date: 28th March 2025 Dividend yield will be 5.5%, which is higher than the industry average of 3.9%. Announcement • Mar 06
Mfc Multi-National Residence Fund Declares Distribution for the Period 1 October 2024 - 31 December 2024, Payable on 28 March 2025 MFC Multi-National Residence Fund declared dividend distribution for the period 1 October 2024 - 31 December 2024. The dividend payment from Retained Earnings will be at THB 0.0370 per unit. With this, the record date will be 19 March 2025 for the unitholders' right to obtain the dividend. The dividend will be paid on 28 March 2025. Reported Earnings • Feb 28
Full year 2024 earnings released Full year 2024 results: Revenue: ฿29.5m (up 16% from FY 2023). Net income: ฿7.97m (down 35% from FY 2023). Profit margin: 27% (down from 49% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Director of MFC Asset Management Public Co Ltd Wirachai Amornrotkonsuwet was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 302% Cash payout ratio: 432% Revenue is less than US$1m (฿29m revenue, or US$833k). Market cap is less than US$10m (฿245.1m market cap, or US$7.10m). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Nov 29
Upcoming dividend of ฿0.03 per share Eligible shareholders must have bought the stock before 06 December 2024. Payment date: 25 December 2024. Trailing yield: 4.9%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (3.9%). Declared Dividend • Aug 29
Dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 9th September 2024 Payment date: 26th September 2024 Dividend yield will be 3.7%, which is about the same as the industry average. Announcement • Aug 27
MFC Multi-National Residence Fund Announces Dividend for the Period 1 April 2024 - 30 June 2024, Payable on 26 September 2024 MFC Multi-National Residence Fund announced that on 27 August 2024, the Property Investment Committee had agreed to the dividend distribution for the period 1 April 2024 - 30 June 2024. The dividend payment from Net Profit will be at THB 0.0300 per unit. With this, the record date will be on 10 September 2024 for the unitholders' right to obtain the dividend. The dividend will be paid on 26 September 2024. Reported Earnings • Aug 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ฿7.43m (up 28% from 2Q 2023). Net income: ฿5.45m (up 323% from 2Q 2023). Profit margin: 73% (up from 22% in 2Q 2023). Announcement • Jul 22
MFC Multi-National Residence Fund, Annual General Meeting, Aug 22, 2024 MFC Multi-National Residence Fund, Annual General Meeting, Aug 22, 2024, at 14:00 SE Asia Standard Time. Location: mfc asset management pcl, meeting room no. 2306-2307, 23rd floor, column tower, no. 199 ratchadaphisek road, khlong toei subdistrict, khlong toei district, bangkok 10110 Thailand Declared Dividend • May 23
Dividend of ฿0.03 announced Shareholders will receive a dividend of ฿0.03. Ex-date: 4th June 2024 Payment date: 19th June 2024 Dividend yield will be 12%, which is higher than the industry average of 3.9%. Reported Earnings • May 15
First quarter 2024 earnings released First quarter 2024 results: Revenue: ฿7.35m (up 23% from 1Q 2023). Net income: ฿3.25m (up 18% from 1Q 2023). Profit margin: 44% (down from 46% in 1Q 2023). Upcoming Dividend • Mar 11
Upcoming dividend of ฿0.024 per share Eligible shareholders must have bought the stock before 18 March 2024. Payment date: 29 March 2024. Trailing yield: 2.3%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (3.9%). Declared Dividend • Mar 07
Dividend of ฿0.024 announced Shareholders will receive a dividend of ฿0.024. Ex-date: 18th March 2024 Payment date: 29th March 2024 Dividend yield will be 12%, which is higher than the industry average of 3.9%. Announcement • Mar 06
MFC Multi-National Residence Fund Announces Dividend for the Period 1 October 2023 to 31 December 2023, Payable on 29 March 2024 MFC Multi-National Residence Fund announced on 5 March 2024, the Property Investment Committee agreed to the dividend distribution for the period 1 October 2023 to 31 December 2023. The dividend payment from Net Profit will be at THB 0.0240 per unit. With this, the record date will be 19 March 2024 for the unitholders' right to obtain the dividend. The dividend will be paid on 29 March 2024. Ex-dividend date is 18 March 2024. Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: ฿25.4m (up 11% from FY 2022). Net income: ฿12.3m (down 17% from FY 2022). Profit margin: 49% (down from 64% in FY 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (฿24m revenue, or US$685k). Market cap is less than US$10m (฿296.7m market cap, or US$8.39m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Announcement • Nov 29
MFC Multi-National Residence Fund Announces Omission of Dividend for the Operating Period of 1 July 2023 to 3 0 September 2 0 2 3 MFC Multi-National Residence Fund announced that the Investment Committee held on 29 November 2023 has resolved to approve the omission of dividend payment for the operating period of 1 July 2023 to 30 September 2023. Reported Earnings • Nov 11
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ฿6.65m (up 20% from 3Q 2022). Net income: ฿1.80m (up 5.8% from 3Q 2022). Profit margin: 27% (down from 31% in 3Q 2022). Upcoming Dividend • Aug 28
Upcoming dividend of ฿0.28 per share at 2.1% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 22 September 2023. Trailing yield: 2.1%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ฿5.81m (flat on 2Q 2022). Net income: ฿1.29m (down 36% from 2Q 2022). Profit margin: 22% (down from 35% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 143% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 24
Upcoming dividend of ฿0.025 per share at 3.0% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 16 June 2023. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (6.4%). Lower than average of industry peers (3.6%). Announcement • May 19
MFC Multi-National Residence Fund Announces Dividend for the Period 1 January 2023 to 31 March 2023, Payable on 16 June 2023 MFC Multi-National Residence Fund announced on 18 May 2023, the Property Investment Committee had agreed to the dividend distribution for the period 1 January 2023 to 31 March 2023. The dividend payment from Net Profit will be at THB 0.0250 per unit. With this, the record date will be on 1 June 2023 for the unitholders' right to obtain the dividend. The dividend will be paid on 16 June 2023. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.015 per share at 2.9% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 24 March 2023. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (6.5%). Reported Earnings • Feb 25
Full year 2022 earnings released Full year 2022 results: Revenue: ฿22.9m (down 1.5% from FY 2021). Net income: ฿14.8m (up 195% from FY 2021). Profit margin: 64% (up from 22% in FY 2021). Upcoming Dividend • Dec 06
Upcoming dividend of ฿0.015 per share Eligible shareholders must have bought the stock before 13 December 2022. Payment date: 28 December 2022. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (5.9%). Announcement • Nov 29
MFC Multi-National Residence Fund Announces Dividend Distribution for the Period 1 July 2022 to 30 September 2022, Payable on 28 December 2022 MFC Multi-National Residence Fund announced that on 29 November 2022, the Property Investment Committee agreed to the dividend distribution for the period 1 July 2022 to 30 September 2022. The dividend payment from Net Profit will be at THB 0.0150 per unit. With this, the record date will be 14 December 2022 for the unitholders' right to obtain the dividend. The dividend will be paid on 28 December 2022. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.012 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.016 (up from ฿0.012 in 3Q 2021). Revenue: ฿5.54m (down 2.4% from 3Q 2021). Net income: ฿1.70m (up 37% from 3Q 2021). Profit margin: 31% (up from 22% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 29
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 22 September 2022. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (5.4%). Announcement • Aug 23
MFC Multi-National Residence Fund Announces Dividend Distribution for the Period 1 April 2022 to 30 June 2022, Payable on 22 September 2022 MFC Multi-National Residence Fund announced that on 22 August 2022, the Property Investment Committee had agreed to the dividend distribution for the period 1 April 2022 to 30 June 2022. The dividend payment from Net Profit and Retained Earnings will be at THB 0.0200 per unit. With this, the record date will be on 6 September 2022 for the unitholders' right to obtain the dividend. The dividend will be paid on 22 September 2022. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ฿5.86m (down 4.2% from 2Q 2021). Net income: ฿2.02m (up 5.5% from 2Q 2021). Profit margin: 35% (up from 31% in 2Q 2021). The increase in margin was driven by lower expenses. Announcement • Jul 20
Jariyawadee Suvunditkul acquired Danicha Garden Condominium Building C unit number 39/286 from MFC Multi-National Residence Fund (SET:MNRF) for THB 5.9 million. Jariyawadee Suvunditkul acquired Danicha Garden Condominium Building C unit number 39/286 from MFC Multi-National Residence Fund (SET:MNRF) for THB 5.9 million on July 6, 2022. The deal was approved by the Property Investment Committee of MFC Asset Management Public Company Limited. The proceeds will be used for capital reduction to unit holders at appropriate time.
Jariyawadee Suvunditkul completed the acquisition of Danicha Garden Condominium Building C unit number 39/286 from MFC Multi-National Residence Fund (SET:MNRF) for THB 5.9 million on July 6, 2022. Upcoming Dividend • May 31
Upcoming dividend of ฿0.013 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 24 June 2022. The company last paid an ordinary dividend in April 2013. The average dividend yield among industry peers is 5.1%. Announcement • May 26
MFC Multi-National Residence Fund Announces Dividend for the Period 1 January 2022 to 31 March 2022, Payable on 24 June 2022 On 24 May 2022, MFC Multi-National Residence Fund agreed to the dividend distribution for the period 1 January 2022 31 March 2022. The dividend payment from Net Profit will be at THB 0.0130 per unit. With this, the record date will be on 8 June 2022 for the unitholders' right to obtain the dividend. The dividend will be paid on 24 June 2022. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.017 (vs ฿0.016 in 1Q 2021) First quarter 2022 results: EPS: ฿0.017 (up from ฿0.016 in 1Q 2021). Revenue: ฿5.76m (flat on 1Q 2021). Net income: ฿1.84m (up 8.6% from 1Q 2021). Profit margin: 32% (up from 30% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (9 non-independent directors). Director of MFC Asset Management Public Company Limited Pachaleeporn Voraviboonsavat was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 03
MFC Multi-National Residence Fund, Annual General Meeting, Apr 22, 2022 MFC Multi-National Residence Fund, Annual General Meeting, Apr 22, 2022, at 10:00 SE Asia Standard Time. Agenda: To acknowledge the 2021 Annual General Meeting Report; to acknowledge of 2021 Performance Report; to acknowledge the Financial Statement for the fiscal year ending 31 December 2021; to acknowledge of Dividend Distribution and Capital Reduction for the fiscal year ending 31 December 2021; to acknowledge of 2022 Auditor Appointment and Determination of Remuneration; and to transact other business. Reported Earnings • Feb 22
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: ฿23.3m (down 11% from FY 2020). Net income: ฿5.01m (up ฿5.19m from FY 2020). Profit margin: 22% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 16
MFC Multi-National Residence Fund Announces Omission of Dividend for the Period 1 December 2021 to 31 December 2021 MFC Multi-National Residence Fund announced that the Investment Committee held on 15 February 2022 has resolved to approve the omission of dividend payment for the operating period of 1 December 2021to 31 December 2021. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ฿0.045 (vs ฿0.035 in 3Q 2020) Third quarter 2021 results: Net income: ฿4.85m (up 29% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Aug 24
Upcoming dividend of ฿0.48 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 20 September 2021. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (5.2%). Reported Earnings • Aug 11
Second quarter 2021 earnings released Second quarter 2021 results: Net income: ฿1.91m (up 2.5% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 03
Inaugural dividend of ฿0.025 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 28 June 2021. The company last paid an ordinary dividend in November 2020. The average dividend yield among industry peers is 5.5%. Announcement • May 29
MFC Multi-National Residence Fund Announces Dividend Distribution for the Period 1 January 2021 31 March 2021, Payable on June 28, 2021 MFC Multi-National Residence Fund announced the Property Investment Committee had agreed to the dividend distribution for the period 1 January 2021 31 March 2021. The dividend payment from Net Profit and Retained Earnings will be at THB 0.0250 per unit. The Fund's registration book will be closed on 14 June 2021 for the unit holders' right to obtain the dividend. The dividend will be paid on 28 June 2021. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ฿0.016 (vs ฿0.025 in 1Q 2020) First quarter 2021 results: Net income: ฿1.70m (down 37% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Mar 03
MFC Multi-National Residence Fund Omits Dividend Payment for the Three-Month Period Ended 31 December 2020 MFC Asset Management Plc., as the Management Company of Multi-National Residence Fund (MNRF) announced that the Investment Committee held on 2 March 2021 has resolved to approve the omission of dividend payment for the operating period of 1 October 2020 to 31 December 2020. As the Fund results in an operating loss from asset appraisal due to decrease in occupancy and rental rate. The Fund therefore considered no dividend payment in this quarter, however, in the first quarter to the third quarter of 2020, the Fund has already paid the unitholders THB 0.1200 per unit. Reported Earnings • Feb 25
Full year 2020 earnings released Full year 2020 results: Net loss: ฿180.9k (loss narrowed 100% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 15
New 90-day high: ฿3.04 The company is up 5.0% from its price of ฿2.90 on 16 November 2020. The Thai market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 6.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: ฿2.98 The company is up 1.0% from its price of ฿2.96 on 09 October 2020. The Thai market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 6.0% over the same period. Upcoming Dividend • Nov 25
Upcoming Dividend of ฿0.04 Per Share Will be paid on the 23rd of December to those who are registered shareholders by the 2nd of December. The trailing yield of 5.5% is below the top quartile of Thai dividend payers (6.7%), and is lower than industry peers (6.8%). 