FY22 Financial Highlights
Industrial PBIT lower due to absence of unrealised valuation gain on change in use
Segment
Non-REIT
FY22
FY21
Change
S$130.9 m
S$484.1 m
▼ 73.0%
REIT
S$304.1 m
S$319.6 m
4.8%
Fee income & others
S$25.4 m
S$25.8 m
▼ 1.6%
TOTAL
S$460.4 m
S$829.5 m
44.5%
ive
We are Frasers Property
Remarks
Lower contributions due to the absence of unrealised valuation
gain of S$356 million on the change in use of a portfolio of
industrial assets transferred from properties held for sale to
investment properties in FY21
Lower contribution following the divestment of Cross Street
Exchange
Excluding unrealised valuation gain on change in use, PBIT
would have decreased by 2.8% from S$473.8 m
Each cape a
live
IVE Group, Braeside Industrial Estate, Victoria, Australia
41
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