Origin Property Public Company Limited, or ORI, plans to recognise revenue from various projects totalling approximately 33 billion baht over the next four years. In the second half of 2026, revenue recognition is expected to be around 9 billion baht, with a trend towards nearly 10 billion baht in the following year. The company is preparing to launch new projects worth more than 12.9 billion baht, covering residential, hotel, and warehouse businesses. This includes residential projects for sale worth about 6 billion baht, hotel projects worth about 6.15 billion baht, and plans to develop logistics warehouses with an area of approximately 15,000 square metres. Ownership transfers in the first and second quarters of 2026 are proceeding according to plan, while the second half of the year will see the gradual transfer of additional new projects. These include the SO Origin Bangtao Beach condominium worth more than 3 billion baht, which already has a backlog of over 2 billion baht, as well as three newly completed housing estate projects with a combined value of more than 2.65 billion baht. ORI is moving forward with its Build Operate Exit Reinvest strategy by gradually selling assets in its warehouse and hotel portfolio to increase liquidity and reduce debt. As a result, the interest-bearing debt to equity ratio, or IBD/E, has fallen from 1.5 to 1.6 times at the end of last year to 1.38 times at present. The company aims to reduce IBD/E further to 1.3 times and 1.2 times in the future through debt management, bond issuance, and planned asset sales.
Origin Property PCLORI plans to recognize 33 billion baht revenue over four years and reduce debt, improving financial outlook.
