Morning. Thanks everyone for joining and a very happy Friday to you. Appreciate you dialing in to FLCT's 3Q FY 2025 business update. We released the business update last evening, you should have received a copy of the deck by now. If not, it's on our website or on SGX today. As usual, before we begin, quick introductions around the room. All familiar faces here. We have in the center, Anthea, our CEO, to her right, Jay, our Head of Portfolio Management, across from me, Wah Keong, our CFO, to my left, Jacob, our Deputy Head of Investment. Myself, CK, Investor Relations. Thanks again to everyone. I'm not going to hold your time up. I think without any further ado, we'll go into a quick pitch then of the 3Q FY 2025 business update. I'm going to put the slide on screen shortly. As usual, if you have questions, either use the raise hand function, or you could let me signal to me by way of dropping me a text or dropping us an email. I'll put the slide up shortly. Well done, Terence. I see you've already put up your hand. Thank you. Thanks, CK. Hi, good morning, everyone. Thank you for joining us today for FLCT's third quarter financial year 2025 business updates. I'll start with an overview of our performance for the third quarter. For the three-month period, the Logistics & Industrial segment continues to be strong with a reversion rate of 55.8%, reflecting the strength and resiliency of the FLCT portfolio. Aggregate leverage remains healthy at 36.8%, our trailing three-month cost of borrowing has seen just a slight uptick to 3.2%. Recording in progress. On the next slide. This next slide. This slide covers an overview of the total properties in our portfolio. As at 30th June, the number of properties we own in our portfolio is 114 assets. Portfolio WALE remains at 4.6 years, with overall occupancy at 92.5%. Do note that the metrics here include 357 Collins Street, which we have recently announced a divestment, which is expected to be completed by 30th September. I will now hand over the time to Jay, who will take you through the portfolio highlights. Thanks, Anthea. Morning, everyone. During the period, we signed a total of five L&I leases, which achieved a positive overall rent reversion of 20.3% on an incoming versus outgoing rent basis, and 55.8% on an average versus average rent basis. That is driven primarily by the Australian markets. On the commercial portfolio, despite the leasing challenges, we are pleased to share that we have secured 13 leases over the quarter, and registered a positive rent reversion across all markets. This brings our total leasing activity for Q3 to over 100,000 sq m, which involved 18 deals and an overall healthy average versus average reversion of 43.3%. Moving on to our occupancy review. As Anthea mentioned earlier, our total portfolio occupancy rate currently sits at 92.5% at the end of June. For L&I, our overall occupancy rate has taken a slight dip to 96.7%. This is primarily due to the exit of a tenant in one of our Sydney assets and a tenant exercising their break option in our Singapore L&I property, where we have secured and replaced the tenants at the time of this business update. The majority of our commercial properties saw a stable or slightly improved occupancy over the period, as leasing activity remains challenging, but this reflects our strong leasing efforts. Our lease expiry profile reflects our proactive approach to lease renewals and back-filling vacancies. We now only have 2.1% of GRI expiring in Q4. Additionally, around 88% of our portfolio leases are embedded with CPI-linked indexations or fixed escalations. Onto the top 10 tenants. Top 10 tenants currently account for 26.2% of portfolio GRI, with no single tenant contributing more than 5%. Our tenant base is well diversified across resilient sectors, which ensures income resilience. Nine of our top 10 tenants are from the L&I portfolio, and five of our top 10 occupy multiple buildings across the portfolio with varying lease expiries. Our portfolio tenant composition remains well diversified. We continue to have healthy exposure to the resilient sectors, with 66.4% of GRI coming from our L&I tenants, and the highest weighting within the 3PL, transport, and freight segment. Approximately 86% of GRI is contributed by government-linked core and resilient industries, as well as attractive new economy sectors. As you would have seen already, our recent announcement dated 16th July in relation to our 357 Collins Street asset. The divestment of 357 Collins Street enables us to exit the Melbourne CBD office market, which continues to experience structural challenges stemming from a widespread adoption of a remote work culture. Tenant demand remains subdued, and tenant incentives remain elevated, making this a prudent and timely exit. This transaction will not only enhance our portfolio metrics but also lower our gearing. Importantly, the proceeds from the divestment will provide FLCT with greater financial flexibility to pursue high-quality opportunities in the L&I space, which are sectors that have strong long-term growth potential. Moving on to our ESG highlights. I am pleased to share that we have continued to make progressive results in our commitments. Green certification achieved for FLCT portfolio is now at 90%, and we continue to undergo certification and/or renewals. As at the end of June, our total portfolio solar capacity is 15.2 MW. I will now hand over to Wah Keong for the finance section. Thanks, Jay. I will take you through the capital management sections now. For this quarter, we have refreshed and consolidated our credit management information relating to our debt profile and for your increased ease of reference. On the left-hand side, you can see our debt maturity profile. Total borrowings currently stands at SGD 2.5 billion, where we have SGD 209 million in undrawn facilities available to meet the SGD 103 million in debt obligations due in the final quarter of this financial year. In terms of our debts compositions by currency, EUR stands at 49%, SGD 30%, GBP 12%, and the remaining 9% in AUD, which is hedged. On the right-hand side, you can see our key credit metrics. Gearing as at 30th June increased slightly to 36.8% compared to 36.1% as in March 2025. This leaves us with a debt headroom of SGD 362 million before reaching the 40% gearing threshold. On a pro forma basis, the post 357 Collins Street divestment gearing ratio and the corresponding debt headroom to 40% are 35.4% and about SGD 521 million respectively. You also can notice that the quarter borrowing has increased year-over-year and quarter-on-quarter at 3.1% and 3.2% respectively. I will now hand the time back to Anthea, who will share the key trends and developments with you. Thanks, Wah Keong. This slide shows an overview of the key trends and developments that shape our operating environment. I think on the first point on locational preferences, as global supply chains continue to evolve, location strategy has become increasingly critical, and we are seeing a clear shift in demand towards best-in-class assets situated in prime logistics locations. On structural demand drivers, population growth, especially in Australia, and the continued use of e-commerce are driving sustained demand for modern logistics space. At the same time, demographic shifts are also placing constraints on new supply, reinforcing the value of our existing portfolio and development strategy. On supply chain resilience, this remains paramount. Increased inventory levels and ongoing trade disruptions are fueling demand for robust logistics infrastructure. However, we also note that market uncertainties are also causing some logistics providers to exercise caution in their estate plans and keeping their facilities efficient. While third-party logistics providers are adopting more cautious strategies, this has sometimes led to delays in major investment decisions, reflecting a broader trend of measured expansion across the sector. On the interest rate environment, this remains uncertain due to inflation and growth constraints, and we will continue to monitor these factors closely to ensure prudent financial management. On grid infrastructure, with space constraints around power and land availability, they are influencing site selection decisions and development facility. Overall, the operating environment continues to evolve, and we will continue to manage our capital with a view towards enhancing our long-term position as a developed market and L&I focus as such. This comes to the end of our presentation. I will hand the time over back to Ng Chung Keat.
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