FY22 Financial Highlights slide image

FY22 Financial Highlights

Australian investment portfolio value enhanced through strategic redevelopment Stabilisation of retail centres and repositioning of commercial assets • Focused on active leasing efforts to boost commercial portfolio occupancy Repositioning of Rhodes Corporate Park assets to enhance competitiveness • • Office portfolio metrics depressed due to the strategic Lee Street tenancy relocation required for the upcoming redevelopment into Central Place Sydney Achieved stabilisation of newly completed retail assets • • Positive operating trends continue post the easing of lockdown restrictions during the first half of the financial year Improved AOR reflects successful leasing efforts and improved operating environment Addition of Eastern Creek Quarter Stage 2 (ECQ XL), NSW, which was completed in June 2022 (NLA: 11,305 sqm) and almost fully-leased, boosted retail portfolio metrics Steady progress for ongoing development project Build-to-Rent ('BTR'): Development of 366 apartments at Brunswick & Co., Fortitude Valley as part of QLD Government's BTR pilot; forecast to complete in 1Q FY25 Macro Drivers and Industry Trends S Macroeconomic conditions remain broadly supportive, driven by lower unemployment and improved GDP growth rates Office vacancy rates and rental growth adversely affected by the post pandemic environment and evolving workplace expectations The onset of the Omicron wave during the period impacted retail turnover, but positive signs are now being observed 34 =4 Office Portfolio Metrics 1 S$1.5 b AUM² AOR³ FY22 55.5%6 FY21 79.2%6 WALE4 2.2 years 2.8 years Change ▼ 23.7 pp ▼ 21.4% Gam 11 BURGER POINT T Retail Portfolio Metrics¹ S$0.4 b AOR³ FY22 93.7% FY21 AUM² WALE4 7.1 years 79.8% 7.1 years Ed.Square Town Centre, NSW, Australia 1. Reflects portfolio metrics of AUM, excluding assets held by FLCT. 2. Comprises office and retail property assets in Australia in which the Group has an interest, including assets held by FLCT. 3. Committed occupancy as at 30 September; by NLA. 4. By Income as at 30 September. 5. abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release#unemployment. 6. Office portfolio AOR excluding Lee Street asset - FY22: 76.2%, FY21: 75.6%. We are Frasers Property Change ▲ 13.9 pp
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