Frasers Property Limited (TQ5) announced its business update for the nine months ended Jun, 30 2026 on Aug, 11 2026.

The group reported unrecognised residential revenue of 1.0 billion Singapore dollars, down from 1.4 billion Singapore dollars at Sep, 30 2025, and highlighted a development pipeline that includes new projects in Singapore, Australia, Thailand and China. Recent additions include the Kallang Close Government Land Sale site in Singapore (463 units, launch targeted for 2H 2027) and the SkyRidge master-planned community in Queensland, Australia (2,760 land lots, launched Jul 2026).

Industrial & logistics remained a key contributor, with about 68,300 sq m of landbank added during the period and a pipeline of roughly 1.1 million sq m. Two German facilities (FlexCity in Mülheim and LINK in Günzburg) and two projects in northern Vietnam were completed in FY26 to date. Portfolio occupancy stayed above 90 per cent in Australia and Europe, and rental reversions were positive across Australia, Europe and Thailand.

In retail, suburban Singapore malls continued to anchor performance. Portfolio occupancy stood near 98 per cent, and rental reversions were positive. The asset enhancement at Hougang Mall is 99 per cent pre-committed ahead of its planned completion in Sep 2026, while the first phase of the NEX upgrade is 87 per cent pre-committed.

The hospitality arm operated 114 properties across 20 countries with about 17,000 units in operation and another 4,600 in the pipeline. RevPAR trends varied by market: Asia-Pacific (ex-Thailand) saw softer average daily rates, Thailand recorded lower RevPAR after the sale of the W Hotel Bangkok, while EMEA posted higher RevPAR aided by demand in the UK and Germany.

Active capital recycling generated proceeds of about 460 million Singapore dollars from the sale of stabilised industrial assets to Frasers Logistics & Commercial Trust and Frasers Property Thailand Industrial Freehold & Leasehold REIT, 420 million Singapore dollars from an asset injection into the group’s Australian logistics capital partnership, and roughly 1.33 billion Singapore dollars from sales of mainly non-core Australian retail assets.

As at Jun, 30 2026, total debt stood at 18.06 billion Singapore dollars, supported by cash and bank balances of 2.0 billion Singapore dollars. Net debt to total equity was 93.6 per cent and net debt to property assets 44.9 per cent. The company said it continues to focus on extending debt maturities and raising green and sustainable financing.