Post by account_disabled on Dec 20, 2023 10:06:32 GMT
FTREIT held the 2022 Annual General Meeting, every agenda passed successfully. Prepare to receive investment opportunities and continue expanding your portfolio. 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” held the 2022 Annual General Meeting of Trust Unitholders via electronic media (E-AGM), reporting the operating results for the fiscal year 2021 ending on 30 September 2021. Total income was 3,416.7 million baht, an increase of 12.1%, and net investment profits were 2,371.0 million baht, an increase of 13.0% compared to the same period of the previous year. Benefits were paid to unitholders from operations in 2021 a total of 4 times, totaling 0.6740 baht per unit, an increase.
the previous year. Mr. Thanarat Bunyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited, revealed that “In 2021, FTREIT had strong operating results. The average property rental rate increased from the previous year to 85.4%. This was due to the growth of the electronics, automotive, e-commerce, retail, pharmaceutical and medical supply sectors. which received positive factors from changes in consumer behavior during COVID-19 together with the recovery of the economy, trade WhatsApp Number List and exports In addition, it has benefited from the Supply Chain Disruption situation that has caused many entrepreneurs to focus on supply chain management. Both aspects of production Storage and transportation of raw materials/parts used in the production process Including products waiting to be sold. For that reason As a result, the demand for renting FTREIT's factory and warehouse space has continued to increase both in the northern area. and east of Bangkok Including areas in the Eastern Economic Corridor (EEC).” FTREIT currently has a total of 642 units under management on an area of approximately 2.07 million square meters.
These are high-quality assets scattered in important industrial and logistics strategic areas of Thailand, including Bangkok, Ayutthaya, Pathum Thani, Samut Prakan, Prachinburi and the Eastern Economic Corridor. Representing a total asset value of more than 44,758.3 million baht. “This meeting of trust unitholders resolved to approve the general mandate capital increase of FTREIT by issuing additional trust units in an amount not exceeding 919,016,114 units. In this regard, capital increase is one option of a source of funds. FIRM will consider using it in conjunction with a loan. To maintain FTREIT's debt level appropriately, taking into account the interests of trust unitholders as important. For 2022, FIRM believes that world economic activity will gradually improve. Starting to return to normal The domestic economy will improve from higher export figures. Including the service business sector, it will improve as the number of foreign tourists will return to travel more. However, as the REIT manager, FIRM will continue to closely monitor the situation that will affect the operating results. and move forward with proactive management according to the strategic plan and maintain property rental rates at a high level To create stability and sustainable growth in the future,” Mr. Thanarat said.
the previous year. Mr. Thanarat Bunyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited, revealed that “In 2021, FTREIT had strong operating results. The average property rental rate increased from the previous year to 85.4%. This was due to the growth of the electronics, automotive, e-commerce, retail, pharmaceutical and medical supply sectors. which received positive factors from changes in consumer behavior during COVID-19 together with the recovery of the economy, trade WhatsApp Number List and exports In addition, it has benefited from the Supply Chain Disruption situation that has caused many entrepreneurs to focus on supply chain management. Both aspects of production Storage and transportation of raw materials/parts used in the production process Including products waiting to be sold. For that reason As a result, the demand for renting FTREIT's factory and warehouse space has continued to increase both in the northern area. and east of Bangkok Including areas in the Eastern Economic Corridor (EEC).” FTREIT currently has a total of 642 units under management on an area of approximately 2.07 million square meters.
These are high-quality assets scattered in important industrial and logistics strategic areas of Thailand, including Bangkok, Ayutthaya, Pathum Thani, Samut Prakan, Prachinburi and the Eastern Economic Corridor. Representing a total asset value of more than 44,758.3 million baht. “This meeting of trust unitholders resolved to approve the general mandate capital increase of FTREIT by issuing additional trust units in an amount not exceeding 919,016,114 units. In this regard, capital increase is one option of a source of funds. FIRM will consider using it in conjunction with a loan. To maintain FTREIT's debt level appropriately, taking into account the interests of trust unitholders as important. For 2022, FIRM believes that world economic activity will gradually improve. Starting to return to normal The domestic economy will improve from higher export figures. Including the service business sector, it will improve as the number of foreign tourists will return to travel more. However, as the REIT manager, FIRM will continue to closely monitor the situation that will affect the operating results. and move forward with proactive management according to the strategic plan and maintain property rental rates at a high level To create stability and sustainable growth in the future,” Mr. Thanarat said.