TQ5.SI
SGX50SESFrasers Property Limited
Real Estate · Real Estate - Diversified · Singapore
Frasers Property Limited, an investment holding company, develops, invests in, and manages a portfolio of real estate assets in Singapore. It also does this in Australia, Europe, China, Thailand, and internationally. Its asset portfolio includes commercial and business parks, hospitality, industrial and logistics, and residential and retail properties; and owns and/or operates serviced apartments and hotels. The company acts as a sponsor of two real estate investment trusts (REITs) listed on the SGX-ST that comprises Frasers Centrepoint Trust, and Frasers Logistics & Commercial Trust focused on retail, commercial, and industrial properties; one stapled trust listed on the SGX-ST, such as Frasers Hospitality Trust focused on hospitality properties; and two REITs listed on the Stock Exchange of Thailand comprising Frasers Property (Thailand) Public Company Limited, a sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT that focuses on industrial and logistics properties in Thailand, as well as Golden Ventures Leasehold Real Estate Investment Trust, which focuses on commercial properties. Frasers Property Limited was formerly known as Frasers Centrepoint Limited and changed its name to Frasers Property Limited in February 2018. Frasers Property Limited was incorporated in 1963 and is based in Singapore. Frasers Property Limited operates as a subsidiary of TCC Assets Limited.
www.frasersproperty.com ↗Shares trade at a premium 26.8× trailing earnings, easing to 27.4× on forward estimates. Profitability shows a net margin of 5.7% and return on equity of 3.3%. Leverage is high at 17.4× net debt/EBITDA. Revenue grew -5.2% year-on-year. It yields 4.7% in dividends. The mean analyst target of SGD1.46 sits 36.0% above the current price (no rating, 2 analysts).
business model
Frasers Property is a multinational, diversified real estate developer, owner and manager with assets across residential, retail, commercial and business parks, industrial and logistics, and hospitality. It generates income from property development sales, recurring rental and hospitality income, and fee income from managing several listed REITs it sponsors. It is part of Thailand's TCC Group controlled by the Charoen Sirivadhanabhakdi family.
revenue segments
Its business spans Singapore (residential and retail, e.g. malls and Frasers Centrepoint assets), Australia (residential development and industrial), Europe and the UK (logistics and commercial), Thailand and China, plus a global hospitality arm and an industrial/logistics platform. Income mixes lumpy development profits with recurring rental, hospitality and REIT-management fees.
key dependencies
Performance depends on property cycles and residential demand in Singapore and Australia, logistics and office leasing across its markets, interest rates given significant leverage, currency movements, and the health of its sponsored REITs (FLCT, Frasers Centrepoint Trust, Frasers Hospitality assets). Capital recycling into its REITs supports funding.
competitors
Competes with other large Singapore-based developers such as CapitaLand, City Developments, UOL Group, GuocoLand and Hongkong Land, and with regional developers and logistics landlords across Australia, Europe and Thailand.
moat
Its strengths are diversification across property types and geographies, an integrated development-to-management platform, a REIT ecosystem providing recurring fees and an asset-recycling channel, and backing from the TCC Group. Established brands and land banks support pipeline.
risks
Key risks are high gearing and refinancing/interest-rate exposure, cyclical residential and office markets, foreign-exchange volatility, execution risk on large developments, and relatively low share liquidity given concentrated majority ownership.
Financials & metrics
as of 04 Jul 2026Tap any metric for an explanation.● provider● computedN/A not available from source
Dividends
This company does not currently pay a dividend.
Analyst assessment
as of 04 Jul 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.