FY22 Financial Highlights slide image

FY22 Financial Highlights

• Stable investment properties portfolio metrics in Singapore Continued uptick in business activities and shopper traffic as the COVID-19 situation improves Suburban retail portfolio remains resilient • Portfolio retail sales have surpassed pre-pandemic levels and larger malls are leading the recovery with positive rental reversion New tenants and concepts across the entire portfolio Reconfigured spaces at The Centrepoint and Northpoint City South Wing Prime Grade A and Core CBD offices rents surpassed pre-pandemic peak after six consecutive quarters of growth underpinned by limited new supply and resilient demand; rents are expected to continue growing for the rest of 2022 Singapore office market remains resilient despite ongoing macroeconomic and geopolitical uncertainties, with broad-based leasing demand across all submarkets and a slowdown in rightsizing trend as employees return to the office Macro Drivers and Industry Trends اى Improvement in business activities and shopper traffic since the significant easing of safe management measures in 2022 Retail sales increased Y-o-Y at 11.2% in September 2022 mainly due to larger growths in industries such as Wearing Apparel & Footwear, Food & Alcohol and Watches & Jewellery Sustained rental growth in Grade A buildings supported by broad-based demand and tight vacancy; the office sector is propped up by limited new supply and reduction of existing stock due for redevelopment⁹ S$8.4 b AUM1 Retail Portfolio Metrics2 AOR³ FY225 FY21 Change 95.8% 94.9% ▲ 0.9 pp Leases due to expire the next FY4 28.4% 38.2% ▼ 9.8 pp Commercial Portfolio Metrics² FY225 FY217 Change S$4.2 b AOR³ 92.7% AUM6 Leases due to expire the next FY4 11.8% 92.3% 10.6% ▲ 0.4 pp ▲ 1.2 pp The Centrepoint, Singapore: Wine & Dine Grocer Bar at FairPrice Finest Frasers Tower, Singapore: Vertical challenge event 1. Comprises retail assets in Singapore in which the Group has an interest, including assets held by FCT and excluding Eastpoint Mall. 2. Reflects portfolio metrics of AUM. 3. Committed average occupancy rate as at 30 September as a percentage of NLA, excluding community and/or sports facilities space. 4. Leases due to expire in the next FY as a percentage of NLA, excluding community and/or sports facilities space. 5. FY22 Commercial Portfolio includes Central Plaza; FY22 Retail Portfolio excludes Central Plaza as well as assets divested by FCT in FY21. FY22 Retail Portfolio excludes Bedok Point which was closed on 30 June 2022. 6. Comprises commercial assets in Singapore in which the Group has an interest, including assets held by FLCT and FCT. 7. FY21 includes Cross Street Exchange which was divested on 31 March 2022. 8. singstat.gov.sg/-/media/files/news/mrssep2022.ashx.9. Singapore Figures Q3 2022 | CBRE. We are Frasers Property 29 29
View entire presentation