Frasers Property (TQ5) Q3 2026 TU earnings summary

Executive summary

• Focused on sustainable value creation through disciplined investing, capital recycling, and strategic partnerships.

• Selective landbank replenishment in Singapore, Australia, China, Thailand, and Germany supports future earnings.

• Ongoing build-to-core project delivery and asset enhancement initiatives (AEIs) strengthen recurring income and long-term value.

• Consolidated full ownership of Fraser Suites Singapore to facilitate redevelopment opportunities.

Financial highlights

• Divested stabilized industrial & logistics (I&L) properties worth ~$460 million to REITs; asset injection in Australia I&L valued at $420 million.

• Sales of non-core assets, mainly Australia retail, totaled ~$1,330 million.

• Total debt including listed REITs: $18,058 million; cash and bank balances: $2.0 billion.

• Net debt/total equity: 93.6%; net debt/property assets: 44.9%.

• Pre-sold revenue: $1.0 billion as of 30.09.2025 (down from $1.4 billion prior year).

Outlook and guidance

• Continued focus on resilient residential and I&L markets amid global uncertainty.

• Active capital management and hedging strategies to mitigate interest rate and currency volatility.

• Investments in green-certified assets and AI capabilities to enhance operational agility and long-term competitiveness.