FY22 Financial Highlights
Singapore PBIT improved due to better performance
Segment
FY22
FY21
Change
Retail
S$300.6 m
S$310.3 m
▼ 3.1%
REIT
S$245.8 m
S$227.3 m
▲ 8.1%
-
Non-REIT
S$19.5 m
S$26.0 m
▼ 25.0%
Fee income
S$35.3 m
S$57.0 m
▼ 38.1%
Commercial
S$110.2 m
S$58.6 m
▲ 88.1%
Non-REIT
S$99.1 m
S$49.7 m
▲ 99.4%
•
.
Remarks
Better performance from FCT backed by higher NPI and share of
associate's and joint ventures' results, which was offset by the absence of
contributions following the divestments of Anchorpoint and Yew Tee Point
Lower Non-REIT PBIT in FY22 following divestment of ARF to FCT
FY21 included non-recurring acquisition fees arising from the acquisition of
ARF by FCT, as well as divestment fees from the divestments of
Anchorpoint, Bedok Point and Yew Tee Point
Improved results mainly due to share of fair value gain of Frasers Tower
Higher contribution due to fees from the divestment of Cross Street
Exchange
Fee income
S$11.1 m
S$8.9 m
▲ 24.7%
Residential
S$131.8 m
(S$90.6 m)
N/M
Higher contribution from higher selling prices achieved and cumulative
higher percentage of completion for residential development
FY21 included a project provision
Corporate & others
(S$6.2 m)
(S$7.6 m)
18.4%
TOTAL
S$536.4 m
S$270.7 m
▲ 98.2%
We are Frasers Property
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