For its industrial and logistics business, FPL delivered 9,443 sqm of in 1Q FY26, and has around 862,000 sqm in its development pipeline across Australia, Europe, Vietnam and Thailand.
FPL says that this business in Australia is "progressing along a normalisation trajectory" amid moderating demand after elevated levels in FY24.
The company enjoys positive rental reversions across Australia, the EU and Thailand while newly completed facilities in Vietnam saw strong take-up, boosting higher occupancy and positive rental reversions.
Its Singapore retail assets, mainly its portfolio of suburban malls, reported "sustained" retail performance. As of Dec 2025, occupancy rates across Singapore, Australia and Thailand were above 94%.
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The company's hospitality portfolio did well too, with RevPAR improved across key markets in Thailand, Asia Pacific and EMEA, supported by ADR gains.
As part of its ongoing capital recycling and capital partnerships, FPL sold Chineham Park in the UK in 1Q FY2026.
As at end of Dec 2025, net gearing was 89.0%.
Frasers Property closed at $1.08 on Feb 6, down 1.82% for the day; it is up 27.06% in the past year.
