Mitihoon – Frasers Property Commercial Asset Management (Thailand) Company Limited, or ‘FPCAMT’, as the Trust Manager of Golden Ventures Leasehold Real Estate Investment Trust, or ‘GVREIT’, announced the Trust’s financial results for the third quarter of fiscal year 2025 (April – June 2025), reporting total revenue of THB 286.07 million. GVREIT will distribute a 3Q FY2025 dividend of THB 0.1965 per trust unit, an increase of 0.10% compared to the same period last year, representing a distribution yield of 8%, with a total distribution amounting to THB 160.11 million. The payment is scheduled for 11 September 2025.
Looking ahead, traditional office spaces are expected to remain crucial for companies that prioritise employee engagement, relationship building, and corporate culture development. Tenants are currently seeking office spaces in high-quality buildings with comprehensive and modern facilities to attract younger employees to their workforce. The positive rental demand reflects the gradual recovery in office space demand, particularly for high-quality office buildings or those with green building standards1.
Thanarat Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Company Limited, said, “During the third quarter of fiscal year 2025, the Trust maintained an average occupancy rate of 87%, which remains above the market average of 79% despite the highly competitive office rental market conditions driven by increased supply and the adoption of flexible office arrangements by some businesses.
In addition, the Trust is focused on tenant retention programs and securing new tenants by enhancing service levels by leveraging technology to create a conducive atmosphere and experience for building users while introducing flexible leasing plans to accommodate increasingly diverse requirements.
At the same time, the Trust continues to monitor and assess macroeconomic risk factors including international trade developments and their potential impact to office space rental demand. This enables us to develop appropriate and timely action plans that align with various scenarios.
We also manage expenses in line with the Trust’s revenue whilst prioritising unitholder returns, alongside conducting business in accordance with good governance principles for sustainable long-term growth,” Thanarat concluded.
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