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
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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
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▼ 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
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