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BTSGIF Green Line concession expiry

2029

As ofFY2024·Sources2·Primary

Bangkok Mass Transit Growth Infrastructure Fund receives BTS Green Line fare revenue under concession expiring in 2029 — renegotiation with BTS, BMA is the material long-term overhang.

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Figure in context

Bangkok Mass Transit Growth Infrastructure Fund receives BTS Green Line fare revenue under concession expiring in 2029 — renegotiation with BTS, BMA is the material long-term overhang.

Bangkok Mass Transit Growth Infrastructure Fund receives BTS Green Line fare revenue under concession expiring in 2029 — renegotiation with BTS, BMA is the material long-term overhang.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Bangkok Mass Transit Growth Infrastructure Fund receives BTS Green Line fare revenue under concession expiring in 2029 — renegotiation with BTS, BMA is the material long-term overhang.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~THB 800B

Thai REITs, infrastructure funds market cap

SET, SEC REIT directory

FY2024
~30%

Industrial REITs share of market cap

SET, Thai REIT Manager Association

FY2024
>=90%

Minimum REIT payout ratio

SEC REIT rules

FY2024
6-8%

Industrial REIT yield band

SET, SCB EIC, broker consensus

Report context

Thailand REITs & Infrastructure Funds Deep Dive

Deep-dive into Thai REITs, infrastructure funds — listed-vehicle aggregate ~THB 800 billion market cap. REITs: CPN Retail Growth Leasehold (SET: CPNREIT, Central Pattana-sponsored), FTREIT (Frasers Property industrial leasehold), WHART (WHA Industrial Leasehold), TREIT (Ticon Freehold, Leasehold), WHAPF (WHA Premium Growth), AIMIRT, GLANDRT (GLAND Office). Infrastructure funds: BTSGIF (Bangkok Mass Transit Growth Fund — BTS Green Line fare revenue), DIF (Digital Telecommunications Infrastructure Fund — True tower, fibre), JASIF (Jasmine Broadband — 3BB fibre network), TFFIF (Thailand Future Fund — expressway concession). Yield bands: retail REITs 5-7%, industrial 6-8%, office 5-7%, hotel 4-6%, infrastructure 5-9%. Structure: Thai REIT Act B.E. 2550, SEC REIT regulations, ≥90% payout requirement. Key variables: retail-mall concession renewal, industrial-estate occupancy cycle, BTS Green Line concession renegotiation (expires 2029), telecom tower network refresh, BOT interest-rate path.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Central Pattana

Thailand's largest commercial-real-estate developer; ~40 malls, mixed-use, Dusit Central Park JV; FY2024 revenue ~THB 48B; Central Group listed vehicle.

Digital Telecommunications Infrastructure Fund

Listed passive-infrastructure fund; ~12,000 telecom towers, fibre, rack space; TRUE founding anchor sponsor; FY2024 revenue ~THB 11B.

Frasers Property Thailand

Frasers Property Thailand JV warehouse, office, residential platform; ~2M sqm warehouse stock.

JASIF Telecom Infrastructure Fund

Listed fibre-infrastructure fund; fibre-backbone assets operated by 3BB (now TRUE-3BB post-2023); FY2024 revenue ~THB 6B.

WHA Corporation

Thailand's largest listed industrial estate, built-to-suit warehouse operator; ~3M sqm stock.

BTSGIF Green Line concession expiry · Insight