- FTREIT recorded year-on-year (“Y-o-Y”) growth of 12.1% in its total revenue of THB 3,416.7 million for its fiscal year ended 30 September 2021, while net profit on investments increased by 13.0% Y-o-Y to THB 2,371.0 million.
- The distribution payment from the fourth quarter is announced at 0.1690 Baht per unit. The accumulated distribution of FTREIT for FY2021 is THB 0.6740 per unit.
- Average occupancy rate of FY2021 was 85.4%, an increase of 1.8% from last year.
BANGKOK, 8 NOVEMBER 2021
Frasers Property Industrial REIT Management (Thailand) Company Limited or “FIRM” as the REIT manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT or “FTREIT” reported a full set of results for FY2021 (October 2020 – September 2021) with an increase in total revenue of 12.1% Y-o-Y or THB 368.3 million to THB 3,416.7 million. A rise in average occupancy rate and asset investments contributed to the growth of net profit on investments at 13.0% Y-o-Y or THB 272.0 million toTHB 2,371.0 million.
The distribution payment from the fourth quarter of THB 0.1690 per unit will be paid on 2 December 2021. The accumulated distribution of FTREIT for FY2021 is THB 0.6740 per unit.
Currently, FTREIT’s assets under management portfolio comprises 642 units of high-quality factories and warehouses with a combined total leasable area of 2.07 million sqm. With assets located in strategic choice locations for industrial and logistics industries served by good transportation links, i.e. in Ayutthaya, Pathumthani, Samutprakan, Prachinburi and provinces in the Eastern Economic Corridor, FTREIT’s portfolio achieved a healthy average occupancy rate of 85.4% in FY2021.
Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited or “FIRM” as the REIT manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT), said: “FTREIT remained strong in 2HFY21 on the back short-term demand for warehouses driven by the container shortage situation and the surge in e-commerce related demand. The average occupancy rate of FTREIT’s portfolio grew by 1.8% Y-o-Y to 85.4%. In 2022, we expect to see an economic recovery, especially in export and logistics sectors, which are foreseen to make a full comeback due to further easing of COVID-19 restrictions in Thailand, rising vaccination levels as well as the Government’s measures to support business recovery and transformation. As the REIT manager, FIRM will continue with our active portfolio management and investment in high quality assets from our sponsor, Frasers Property Thailand, and other companies in strategic areas, so as to support FTREIT’s further growth and generate sustainable returns to the unitholders.”