FTREIT has showcased its financial performance for FY65 (October 2021 - September 2022), achieving total revenue of 3,645.0 million Baht, an increase of 6.7%, along with net investment profit of 2,518.9 million Baht, growing by 6.2%. This growth is attributed to stable income-generating assets and an increasing occupancy rate. The trust plans to pay a dividend of 0.1870 Baht per unit for Q4/65, bringing the total dividend for the fiscal year 2565 to 0.7070 Baht per unit. It is anticipated that in FY66, the economy will continue to recover due to exports, foreign investments, domestic spending, and improved tourism, positively impacting rental rates and driving continuous income growth. FTREIT is also looking to invest an additional 3.5 billion Baht to meet the growing demand for factory and warehouse rentals.

Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd., or “FIRM,” as the manager of the trust for investment in real estate and leasehold rights for industrial properties, revealed that FTREIT's performance for FY2565 (October 2021 - September 2022) recorded total revenue of 3,645.0 million Baht, an increase of 228.3 million Baht or 6.7% compared to the previous year, with net investment profit of 2,518.9 million Baht, up by 147.9 million Baht or 6.2%. The main factors contributing to this growth were the higher average occupancy rate and the number of income-generating assets acquired last year.

“In the second half of FY2565, despite the challenges posed by inflation affecting purchasing power and consumption, as well as impacts on costs and investments in the domestic business sector, there has been a positive push from the tourism and service sectors, enhancing retail and e-commerce businesses. Additionally, the disruptions in the supply chain from the logistics sector earlier this year have increased the demand for warehouse rentals, resulting in an average occupancy rate for the trust rising to 86.4%, reflecting continuous improvement in performance,” Mr. Thanarat stated.

Given the strong performance, FTREIT is set to pay a quarterly return for Q4/2565 at a rate of 0.1870 Baht per trust unit, with the XD mark on November 18, 2565, the record date for shareholders entitled to dividends on November 21, 2565, and payment scheduled for December 2, 2565. This brings the total return for the fiscal year 2565 to 0.7070 Baht per unit.

Currently, the assets managed by FTREIT consist of 668 units of factory and warehouse buildings, with a total leasable area of 2.13 million square meters, making FTREIT the largest industrial trust in terms of net leasable area and the highest proportion of freehold space in Thailand. All projects are strategically located in key industrial and logistics areas of the country, including Bangkok, Ayutthaya, Pathum Thani, Samut Prakan, Prachinburi, and provinces within the Eastern Economic Corridor (EEC).

Mr. Thanarat further stated that for FY2566, the overall economic outlook is expected to show clear signs of recovery, driven by domestic spending, including consumption, investment, and tourism. In terms of investment, there is an expectation of increased relocation or expansion of foreign investors' production bases to Thailand, particularly in the automotive and electronics sectors, which will positively support FTREIT's business. However, there are still obstacles and challenges from various fronts that must be faced.

In FY2566 (October 2022 - September 2023), FTREIT aims to invest an additional 3.5 billion Baht in industrial buildings, focusing on high-potential assets both within and outside the Frasers Property (Thailand) group, emphasizing location, buildings certified to international standards, and green building standards to meet the demand for standard industrial space, including factories and warehouses, which are expected to continue improving next year due to government policies supporting and promoting foreign investment in the country to position Thailand as a regional investment hub in Southeast Asia.

“As the trust manager, FIRM will continue to closely monitor situations that may impact performance and proactively manage operations while seeking opportunities to invest in high-potential assets from the Frasers Property (Thailand) group and external parties to foster growth for the trust and provide stable and sustainable returns for FTREIT unit holders,” Mr. Thanarat added.