FTREIT reports occupancy rate surges to 92.5% on foreign demand shifting production base to Thailand

Earnings
โดย Money & Banking·TH·Read original
Summary · why it matters

FTREIT reported an average occupancy rate of 92.5% for the first nine months of fiscal year 2026, up 2.6% from the same period last year, supported by a continuous wave of foreign capital relocating production bases to Thailand amid global geopolitical tensions. Mr. Phumphar Arunthamkul, Managing Director of FIRM as the REIT manager, disclosed that many multinational operators are turning to leasing factories and warehouses instead of building their own, in order to control capital expenditure and maintain flexibility, resulting in strong growth in leasing demand for FTREIT. Target industries relocating include digital, electronics, electrical appliances, automotive and parts, aligning with the outstanding expansion in investment promotion applications from the BOI. To meet rising demand, FTREIT is preparing to invest in additional assets from Frasers Property Thailand group worth a total not exceeding 2.78 billion baht, subject to unitholder approval on 26 August 2026. For the first nine months, total revenue reached 3.37 billion baht, up 6.7%, and net investment profit was 2.29 billion baht, up 8.9%, with a third-quarter dividend declared at 0.1955 baht per unit, bringing the cumulative three-quarter payout to 0.5850 baht per unit.

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Real Estate▲ · 2 stocks

Off-coverage companies 1

Frasers Property Industrial REIT Management (Thailand) Co., Ltd.Private▲ Positive
Demandrelevance

As REIT manager, FIRM benefits from FTREIT's strong leasing demand and planned asset investments.

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