Frasers Property Industrial REIT, or “FTREIT,” has successfully raised a total of 2.09 billion baht from existing trust unit holders through the offering of an additional 220 million trust units at a price of 9.50 baht per unit to the general public, under a General Mandate.

Mr. Thanaratch Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd., or “FIRM,” stated that this fundraising round has exceeded expectations, achieving a subscription rate of 122% of the total offered trust units. The response from both institutional and retail investors has been very positive, with many subscribing for more units than their existing entitlements. This has allowed FTREIT to sell the full 220 million units offered, reflecting investor confidence in the strong and continuously growing operations of the trust, driven by proactive management and effective asset investment expansion by FIRM. Currently, the trust holds a credit rating of A (Stable).

The funds raised from this capital increase will be used to repay loans incurred from property investments made in 2023, which will help the trust maintain a suitable debt-to-asset ratio, reduce interest expenses, and prepare for future investment opportunities.