The company enjoyed higher retail contribution as well, with the increased stake in Northpoint City South Wing in May 2025.
Revenue was down 5.2% y-o-y to $1.51 billion.
"We remain firmly on strategy, with continued focus on delivery amid the uncertain operating environment," says group CEO Panote Sirivadhanabhakdi. "Our integrated investor - developer - operator model positions us to create, sustain and unlock value at every stage."
The company has made "progress" on multiple fronts: growing the development pipeline, active asset management sustaining recurring income quality, and capital recycling across markets, he adds.
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For one, the collective sale award for the leasehold rear plot of The Centrepoint also opens "exciting possibilities" to unlock further value from this prime asset along Orchard Road.
As at March 31, the company's net asset value was $2.40 per share, versus $2.37 as at Sept 30, 2025.
Its net debt to property assets ratio as at March 31 was 45.5%, up slightly from 43.7% as at Sept 30, 2025.
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Net debt to total equity, meanwhile, was 94.2%, up from 89.2%, partly due to the redemption of perpetual securities in January this year.
Some 69.4% of its total debt was on fixed rates or hedged, with a weighted average debt maturity of 2.5 years and blended cost of debt of 3.8% per annum.
Frasers Property shares closed at $1.14, up 0.88% year to date.
