Frasers Property Commercial Asset Management (Thailand) Co., Ltd. or “FPCAMT”, as the manager of the Golden Venture Real Estate Investment Trust or “GVREIT”, has announced the trust's performance for the fourth quarter of the fiscal year 2025 (July – September 2025) with total revenue of 277.19 million Baht, resulting in a total revenue of 1,136.75 million Baht for the entire fiscal year 2025. The trust will distribute quarterly benefits for Q4 of fiscal year 2025 at a rate of 0.1825 Baht per trust unit, amounting to a total benefit value of 148.7 million Baht, scheduled for payment on December 24, 2025. The total benefit for the year 2025 is 0.7824 Baht per trust unit.

In Q4 of fiscal year 2025, the Golden Venture Real Estate Investment Trust (GVREIT) maintained an average occupancy rate of 84%. The average occupancy rates for the Park Venture Eco-plex project and Sathorn Square project were 96% and 80%, respectively, which are higher than the average for office buildings in the Bangkok area.

Mr. Thanaratch Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Co., Ltd. stated, “The trust has established a marketing strategy and continuously built good relationships with tenants to effectively meet the needs of existing tenants and attract new tenants. This includes maintaining a good occupancy rate, enhancing service standards within buildings, managing rental rates to be competitive, and defining clear value propositions for each building to create distinctiveness that effectively meets the needs of both tenants and users.”

According to CBRE, the current office market still faces pressure from new supply entering the market. As of Q3 2025, both in the CBD and Non-CBD areas, more office buildings are offering fully furnished spaces to attract new tenants, leading to a trend where tenants prioritize the image of buildings that reflect modernity, as well as buildings certified for environmental standards (Green Building) (Source: BAY).

However, the trust continues to prioritize operations based on ESG (Environmental, Social, and Governance) principles. GVREIT has been certified by GRESB (Global Real Estate Sustainability Benchmark) at the operator level for the fourth consecutive year, achieving a rating of 3 stars out of 5. Additionally, the trust has maintained its corporate credit rating and bond credit rating at “A–” (Stable Outlook) from Tris Rating Co., Ltd. as of October 31, 2025, marking the seventh consecutive year of maintaining this credit rating since the establishment of the trust, reflecting the potential of the assets under the trust's management as sustainable Grade A office buildings.

For the fiscal year 2026, the trust will continue to focus on maintaining service quality to retain existing tenants, along with plans to attract new tenants with more flexible strategies to remain competitive in the rental office market. Furthermore, the trust aims to manage its expenses efficiently in line with its revenue to create long-term returns for trust unit holders,” Mr. Thanaratch concluded.