Post by habibkhan11 on Feb 14, 2024 5:20:00 GMT
FTREIT grows 8.3%, announces first half income of 1,812.8 million baht, benefiting from supply chain disruption. Short-term warehouse demand surges Frasers Property Industrial REIT Management (Thailand) Company Limited or “FIRM” as the REIT manager of the Industrial Real Estate and Leasehold Real Estate Investment Trust. Razors Property or "FTREIT" reveals operating results for the second quarter (January - March 2022). Total income was 907.0 million baht, an increase of 42.7 million baht or 4.9% compared to the same period. same time last year Net investment profits amounted to 635.0 million baht, an increase of 13.3 million baht or 2.1%, with the main factors being the increase in the proportion of rental space and occupancy rate.
With the demand of tenants in high-growth industries such as logistics, automotive Lebanon Telemarketing Data and electronics. As a result, the operating results for the first half of fiscal year 2022 (October 2021 - March 2022) had a total income of 1,812.8 million baht, an increase of 138.5 million baht or 8.3% compared to the same period last year. Meanwhile, net investment profits were 1,270.8 million baht, an increase of 114.9 million baht or 9.9%. For the 2nd quarter return benefit, FTREIT has announced the payment at the rate of 0.1750 baht per trust unit. The payment is scheduled to be made on June 1, 2022. When combined with the previous quarter, FTREIT has announced a return payment for the first half of fiscal year 2022 totaling 0.3450 baht per trust unit. Currently, assets under management of FTREIT include 641 factory and warehouse units on a total leasable area of 2.06 million square meters. All projects are located in strategic industrial and logistics locations in Thailand, including Phra Nakhon Si Ayutthaya, Pathum Thani, Samut Prakan, Prachinburi and provinces in the EEC area.
Mr-Thanarat-Boonyakosol-Managing-Director-of-Frasers-Property-Industrial-REIT-Management-Thailand-Company-Limited-FIRM-scaled-e1652233883505.jpg Mr. Thanarat Bunyakosol, Managing Director of FIRM, revealed that “In the first half of the year, FTREIT was able to operate satisfactorily as planned. It still maintains a high average occupancy rate of 87.0% under the COVID-19 situation. coupled with the factor of the Russia-Ukraine war that is still protracted This situation has had an impact on industrial groups in terms of logistics costs. from the increase in oil prices causing tenant groups to delay exports And there is an increased demand for short-term use of warehouse space, which causes FTREIT to benefit from such events. It is expected that demand trends will continue to grow until the end of 2022.” “To create growth for the REIT and create stable and sustainable returns for trust unitholders.
With the demand of tenants in high-growth industries such as logistics, automotive Lebanon Telemarketing Data and electronics. As a result, the operating results for the first half of fiscal year 2022 (October 2021 - March 2022) had a total income of 1,812.8 million baht, an increase of 138.5 million baht or 8.3% compared to the same period last year. Meanwhile, net investment profits were 1,270.8 million baht, an increase of 114.9 million baht or 9.9%. For the 2nd quarter return benefit, FTREIT has announced the payment at the rate of 0.1750 baht per trust unit. The payment is scheduled to be made on June 1, 2022. When combined with the previous quarter, FTREIT has announced a return payment for the first half of fiscal year 2022 totaling 0.3450 baht per trust unit. Currently, assets under management of FTREIT include 641 factory and warehouse units on a total leasable area of 2.06 million square meters. All projects are located in strategic industrial and logistics locations in Thailand, including Phra Nakhon Si Ayutthaya, Pathum Thani, Samut Prakan, Prachinburi and provinces in the EEC area.
Mr-Thanarat-Boonyakosol-Managing-Director-of-Frasers-Property-Industrial-REIT-Management-Thailand-Company-Limited-FIRM-scaled-e1652233883505.jpg Mr. Thanarat Bunyakosol, Managing Director of FIRM, revealed that “In the first half of the year, FTREIT was able to operate satisfactorily as planned. It still maintains a high average occupancy rate of 87.0% under the COVID-19 situation. coupled with the factor of the Russia-Ukraine war that is still protracted This situation has had an impact on industrial groups in terms of logistics costs. from the increase in oil prices causing tenant groups to delay exports And there is an increased demand for short-term use of warehouse space, which causes FTREIT to benefit from such events. It is expected that demand trends will continue to grow until the end of 2022.” “To create growth for the REIT and create stable and sustainable returns for trust unitholders.