Frasers Property Diversified Growth
Active capital management to optimise capital productivity
Capital recycling via the Group's REITs, capital partnerships, and sales to third parties
S$8.3 b
FY14 FY15
FY16 FY17 FY18
FY19
FY20
FY21
FY22
FY23
SA
$
recycled via the
Group's REITS
Recycling via
the Group's
REITS1
S$808 m S$447 m S$1,700 m S$240 m S$1,003 m S$1,185 m S$2,359 m S$382 m
S$68 m
S$58 m
since FY14
FCT
S$153 m
S$433 m S$1,934 m²
FLCT
S$224 m S$1,700 m S$240 m S$933 m
S$638 m
S$301 m
S$230 m
S$1.5 b
FHT
S$655 m S$223 m
of capital
partnerships
FTREIT
S$70 m
S$114 m
S$124 m
S$152 m
S$68 m
S$58 m
since FY14
Recycling via
S$983 m
S$550 m
capital
partnerships²
S$2.0 b
of non-REIT
assets sold to
third parties
since FY14
Recycling via
sales
S$452 m
S$93 m
S$567 m
S$101 m
S$539 m
S$11 m
S$227 m
to third parties³
TOTAL
S$808 m S$447 m S$2,152 m S$240 m S$1,096 m S$2,735 m S$3,010 m S$921 m
S$79 m
S$284 m
REITs' sales to
third parties5
S$315 m
S$144 m
S$20 m
S$510 m S$1,120 m
S$38 m
NB. All references to REITS includes the Group's REITS and Stapled Trust. 1. Includes total value of assets; call-option properties based on date of signed agreement. 2. Includes proportionate value of assets divested. 3. Includes
divestment of investment properties, assets held for sale and properties, plant and equipment. Excludes divestment of properties held for sale and divestment of assets or properties by REITS. 4. The sale of the 63.1% stake in ARF to FCT was
approved in September 2020 and completed in October 2020. 5. As disclosed by FCT, FHT and FLCT.
We are Frasers Property
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