FTREIT has announced its performance for the first quarter of the fiscal year 2025 (October – December 2024), achieving total revenue of 1,033.4 million baht, an increase of 43.7 million baht or 4.4% compared to the same period last year. The net investment income stood at 686.1 million baht, reflecting a growth of 7.7%. A dividend of 0.1880 baht per unit for Q1 2025 is set to be paid on March 11, 2025, with plans to invest further in assets from sponsors and external parties.

Mr. Phumphara Arundhamkul, Managing Director of Frasers Property Industrial REIT Management (Thailand) Co., Ltd., or “FIRM,” as the trustee manager of the Frasers Property Industrial REIT, stated that in Q1 2025 (October – December 2024), the trust performed exceptionally well due to its management capabilities and achieving an average occupancy rate of 88.2%, the highest since the merger of three real estate funds into FTREIT in 2017 (including the TICON Industrial Growth Fund – TFUND, the T Park Logistics Fund – TLOGIS, and the TICON Industrial Growth Leasehold Fund – TGROWTH). This quarter's occupancy rate increased by 2.3% compared to Q4 of the fiscal year 2024 (July – September 2024), which was at 85.9%.

This performance was bolstered by demand from investors relocating their production bases from China to Thailand, primarily in the electronics, computer parts, electrical appliances, and logistics industries. This has invigorated the rental market for factories and warehouses, benefiting FTREIT as well. Additionally, the trust's rental space increased due to further investments made in September 2024.

This year, the company plans to allocate an investment budget of approximately 1 billion baht to expand the trust's portfolio, focusing on high-quality assets in strategic industrial and logistics locations, both from sponsors like Frasers Property Thailand and external parties.

Regarding the economic outlook for Thailand in 2025, the trust manager expects a positive trend due to the ongoing relocation of production from China and the growth of the tourism sector, which will support businesses related to consumer goods. These factors are seen as positive for the overall economy, which will drive increased demand for factory and warehouse rental spaces.