Frasers Property Diversified Growth
Strong I&L performance in Thailand
•
High occupancy level maintained from solid leasing demand
Solid warehouse and factory portfolio metrics with higher Y-o-Y portfolio
occupancy rate of ~87% (FY22: ~84%)
•
Newly completed assets and FTREIT's investment in fully-leased ~71,000 sqm TIP9
project resulted in net leasing growth of 255,234 sqm over FY23
• ~129,000 sqm of renewals and new leases in 4Q FY23
Introduced new generation of built-to-function warehouse facilities – partially
pre-built warehouses with basic facilities, sustainability and technology features, that
are then marketed and completed to customers' specifications, thus allowing for
shorter time from customer confirmation to delivery
Stable development pipeline provides visibility for further growth
•
Macro Drivers and Industry Trends
Demand for warehouse storage spaces supported
mainly by the ongoing rapid growth in the
e-commerce sector4
Industrial sector poised for expansion in the next
three years due to investments in the Eastern
Economic Corridor on the back of diversification of
supply chain amid rising geopolitical tensions4
Increasing tenant focus on green build-to-suit
developments, such as smart warehouses with
reduced water flow, natural ventilation, and solar
rooftops5
Completed development of ~65,000 sqm NLA in FY23
•
New warehouse development projects focused on build-to-suit clients, with ~51,000 sqm
of NLA on track for completion in FY24
Warehouse Metrics
S$2.2 b
AUM1
AOR2
WALE3
Factory Metrics
S$1.2 b
AOR²
AUM1
WALE3
30 Sep 23
88.1%
30 Jun 23
86.4%
31 Mar 23
88.5%
31 Dec 22
86.5%
30 Sep 22
87.6%
3.5 years
30 Sep 23
83.6%
3.5 years
30 Jun 23
82.3%
2.1 years
2.0 years
31 Mar 23
80.9%
1.9 years
31 Dec 22
79.4%
1.7 years
3.6 years
3.7 years
3.9 years
30 Sep 22
80.1%
1.7 years
1. Comprises property assets in Thailand in which the Group has an interest. 2. Actual occupancy as at period end; by gross rent. 3. By income, as at period end. 4. krungsri.com/en/research/industry/industry-outlook/real-estate/industrial-
estate/io/io-industrial-estate-2023-2025. 5. thansettakij.com/real-estate/560933.
We are Frasers Property
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