16 Feb 2026
BANGKOK, 16 FEBRUARY 2026
Frasers Property Commercial Asset Management (Thailand) Co., Ltd. (“FPCAMT”), as the REIT Manager of Golden Ventures Leasehold Real Estate Investment Trust (“GVREIT”), has announced the financial results for the first quarter of fiscal year 2026 (October – December 2025).
For this quarter, the Trust reported total revenue of THB 272.31 million. GVREIT successfully maintained a high average occupancy rate of 84% across its portfolio comprising
Park Ventures Ecoplex and Sathorn Square. The occupancy exceeded the overall market average for Bangkok offices. The performance reflects the Trust’s stability amid a challenging economic environment, bolstered by consistently high occupancy rates and sustained demand for Grade A office spaces in CBD area.
Based on these results, the Board has approved a first-quarter distribution payment of THB 0.1783 per unit, scheduled for disbursement on 12 March 2026. The Trust’s stability and cash flow predictability continue to be supported by a solid lease structure with major anchor tenants and a consistent track record of contract renewals. Furthermore, the Trust maintains a disciplined capital management policy to ensure long-term financial flexibility.
Thanarat Boonyakosol, Managing Director of Frasers Property Commercial Asset Management (Thailand) Company Limited, stated, “This quarter’s performance is a testament to the enduring potential of Grade A assets in CBD locations, where demand remains consistently strong. Equally important to us is our commitment to maintaining the highest standards of governance and corporate oversight.
In the first quarter of fiscal year 2026, GVREIT was honored with two prestigious SET Awards from the Stock Exchange of Thailand in the Business Excellence category: the Outstanding REIT Performance Award and Best REIT Performance Award. These accolades reflect our excellence in governance, stakeholder engagement, and effective risk management.”
Additionally, the Securities and Exchange Commission (SEC) has approved the renewal of FPCAMT’s REIT Manager License for another five-year term (2025–2029). This renewal underscores the strength of the management team and the Trust's rigorous regulatory framework.
“We are confident that, with our quality asset portfolio and prudent management approach, GVREIT will continue to deliver consistent and sustainable returns to unitholders over the
long term,” Thanarat concluded.