FY22 Financial Highlights
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FPT's industrial portfolio remained healthy
Maintained strong leasing activity underpinned by quality tenants
Healthy and stable warehouse and factory portfolio average occupancy rate of ~84%;
with net leasing growth in FY22 of 77,559 sqm
In FY21 the warehouse portfolio benefitted from a surge in short term rentals due to
pandemic related global supply chain issues
Continued to elevate the standard of industrial properties in Thailand - introduced a
new generation of built-to-suit factories and warehouses with functions such as
Ambient and Temperature Controlled Storage, along with smart and sustainable
features
Achieved on-schedule delivery for more than 150,000 sqm during the year despite
pandemic-related operational challenges
Stable development pipeline provides visibility for further growth
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Commenced development of three new logistics parks of ~96,000 sqm NLA
at Bangplee 2 Samutprakarn, Wangnoi 2 Ayutthaya, Bangplee 7 Samutprakarn
and Puchaosamingprai Samutprakarn; on schedule for target completion and
handover in FY23
Macro Drivers and Industry Trends
E-commerce continues to drive demand for
warehouse spaces4
Emerging trend of tenants relocating their
manufacturing bases outside China to avoid
geopolitical conflicts5
Positive signs from Exports and Manufacturing
Production Index as the global economy recovers,
while the Thai Baht depreciates 6,7
Warehouse Metrics
FY22
S$2.1 b
AUM1
AOR²
87.6%
FY21
89.8%
Change
▼ 2.2 pp
EI
WALE3
3.9 years 4.0 years
▼ 2.5%
Factory Metrics
S$1.2 b
AUM1
AOR²
FY22
80.1%
FY21
77.9%
WALE³
1.7 years
1.6 years
Change
▲ 2.2 pp
6.2%
Frasers Property Logistic Park, Ayutthaya, Thailand
1. Comprises property assets in Thailand and Indonesia in which the Group has an interest. 2. Actual occupancy as at 30 September 2022; by gross rent. 3. By income as at 30 September 2022.
4. bangkokpost.com/property/2341912/prospect-allots-b5bn-for-new-warehouse-factory-space. 5. bangkokbiznews.com/business/economic/1023337. 6. thansettakij.com/economy/trade/541695. 7. ryt9.com/s/oie/3361079.
We are Frasers Property
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