GVREIT announces its 2Q FY2025 financial results with dividend of THB 0.1984 per unit to unitholders, an increase of 3.6% compared to the same period last year

Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Company Limited, said, "During the second quarter of fiscal year 2025, the Trust maintained an average occupancy rate of 88%, which is higher than the market average. These strong operating results reflect the continued demand for high-quality office spaces in strategic business locations, despite the rising supply of office buildings. This performance is also supported by the competitiveness of the Trust's office buildings following the completion of Asset Enhancement Initiatives (AEIs), which were aimed at upgrading building features to better align with tenants' evolving needs and lifestyles."

Furthermore, the Trust is committed to creating a great tenant experience through engagement activities that prioritise tenant needs by understanding their behaviours and preferences, delivering optimal services, and offering value-added experiences beyond space rental.

Despite an unexpected earthquake felt in Bangkok in March, we engaged independent specialists to inspect the buildings and pleased to report that the office buildings under the Trust's management remain safe and secure. We are also planning to schedule additional evacuation and fire drills to better prepare for future events. These actions reflect our commitment to providing a safe environment for our tenants, investors, building users, and the surrounding communities.

"Looking ahead, the Trust will continue to execute its strategies according to established plans—maintaining a strong occupancy rate, engaging with tenants, addressing market challenges, and efficiently managing costs and expenses in line with the Trust's revenue. Our goal is to maximize efficiency and deliver sustainable long-term returns to unitholders," Mr. Thanarat concluded.

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