Frasers Property (Thailand) Public Company Limited, or "FPT," the first comprehensive real estate leader in Thailand, announced its financial results for fiscal year 66 (October 2022 - September 2023), reporting revenues of 16,810 million baht and a profit of 1,861 million baht. The residential business is progressing according to its goals, driven by a strategy targeting the luxury single-house market. Meanwhile, the rental rates for factories and warehouses have surged to a record high of 86%, maintaining its market leadership with over 3.5 million square meters under management. The commercial sector is also benefiting from improved business confidence, with office and retail rental rates exceeding 93%. The company plans to pay a dividend of 0.40 baht per share.

Mr. Thanapol Sirithanachai, Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, stated that in fiscal year 2566 (October 2022 - September 2023), the company effectively drove its three business segments—residential, industrial, and commercial—while maintaining flexibility in management to adapt to the challenging economic environment. The company emphasized capital management to ensure stability and liquidity, as well as readiness to invest in businesses with potential for value creation. Additionally, it has made progress in brand recognition for Frasers Property, aiming to become one of the Top 5 real estate companies in Thailand, while also enhancing its product and service offerings to improve quality of life and meet all demands through a Real Estate as a Service brand.

FPT generated revenue from property sales and has a continuous income stream from factory and warehouse rentals, office buildings, hotel businesses, and related services, totaling 16,810 million baht, an increase of 463 million baht or 2.8% compared to the previous year, with a profit of 1,861 million baht, representing a net profit margin of 11% of total revenue.

In fiscal year 2566, the residential real estate segment launched 8 new projects valued at approximately 15,000 million baht. Despite facing challenges such as inflation, rising interest rates, high household debt, and the expiration of LTV measures at the end of 2565, the company maintained its revenue generation capability at 11,004 million baht. The company is increasing its market share in the single-house segment, particularly in the luxury market, which has high demand and purchasing power, while also developing housing solutions that cater to lifestyle needs. In 2566, the company had a total of 78 projects in operation, valued at over 115,800 million baht.

The industrial and commercial real estate segments generated rental and service income of 2,799 million baht, an increase of 17% compared to the previous year. The rental business for factories and warehouses has grown significantly due to geopolitical changes and foreign investors expanding and relocating their investments to Thailand, coupled with the growth of the electronics, automotive, and logistics sectors, leading to a continuous increase in demand for factory and warehouse space. Additionally, there are records of rental income from investments in Indonesia and Vietnam, with the company managing over 3.5 million square meters and achieving an overall portfolio rental rate of 86%. The modern industrial city mega-project in Samut Prakan is progressing as planned and is set to launch next year.

Meanwhile, the commercial real estate segment, which provides Grade A office rentals and retail spaces, has maintained a high rental rate of 93%. The Silom Edge mixed-use project has received a positive response since its official launch in March 2566, with an office rental rate exceeding 92% by the end of fiscal year 2566. The Samyan Mitrtown shopping center and Silom Edge have seen a vibrant customer turnout. Furthermore, the easing of the COVID-19 situation and a return to normal life have positively impacted tourism in Thailand, boosting the company’s hotel business, which saw revenue growth of over 72% compared to the previous year.

The company is preparing to pay a dividend of 0.40 baht per share, with the XD mark set for November 22, 2566, and the dividend payment scheduled for February 13, 2567.

For 2567, the company anticipates that the Thai economy will expand, supported mainly by private consumption and tourism, along with gradually improving export performance. However, it will closely monitor issues that may impact the Thai economy, such as geopolitical conflicts in various regions that could escalate and prolong. Nevertheless, with a flexible business structure managed under a unified platform, FPT will carefully drive its three business segments to ensure stable growth.