The distribution payment from the third quarter operations of THB 0.1690 per unit will be paid on 1 September 2021. The accumulated distribution of FTREIT for the first three quarters is THB 0.5050 per unit.
Currently, FTREIT's assets under management portfolio comprises 636 units of high-quality factories and warehouses with a combined total leasable area of 2.03 million sqm. With assets located in strategic choice locations for industrial and logistics industries served by good transportation links, i.e. in Ayutthaya, Pathumthani, Samutprakan, Prachinburi and provinces in the Eastern Economic Corridor, FTREIT's portfolio achieved a healthy average occupancy rate of 85.7% in the third quarter.
On 21 June 2021, at the last review of FTSE Global Equity Index Series (FTSE GEIS), FTREIT remained a component stock of the FTSE GEIS. Being part of the leading global benchmark index has enabled FTREIT to reach out to a larger pool of institutional investors on both local and international fronts.
Mr. Peerapat Srisukont, Managing Director of FIRM, said: "FTREIT's revenue remains robust with its average occupancy rate remaining strong and healthy at 85.7% in 3QFY2021 (April - June 2021). Despite the uncertainties resulting from the pandemic, Thailand's export sector is expected to grow 15% this year on continued business partnerships with other countries and strong demand for products such as electronic devices, automobile and automotive parts. With consumers opting for online shopping, the logistics sector, especially businesses in e-commerce, will continue to thrive, thereby generating greater demand for quality industrial and logistics spaces offering end-to-end solutions."
He added: "We maintain our active portfolio management and will continue to invest in high quality assets from Frasers Property Thailand and other companies in strategic areas to support FTREIT's further growth and generate sustainable returns to the trust unitholders. We are also proactively anticipating upcoming challenges and devising strategies to mitigate potential risks and harness new opportunities."
Source: Frasers Property (Thailand)