Unrecognised residential revenue stand at about S$1 billion as at end-June[SINGAPORE] Frasers Property will ask shareholders to approve a proposed optimisation of Frasers Hospitality Trust’s portfolio at an extraordinary general meeting on Aug 28, as part of a broader push to unlock capital from stabilised assets and sharpen its hospitality strategy. Frasers Property said it would retain assets with upside potential and hold remaining non-core assets for future opportunistic divestment. Asean Intelligence Get insights into businesses across South-east Asia Get the free reportThis included divesting stabilised I&L properties worth about S$460 million to Frasers Logistics & Commercial Trust and Frasers Property Thailand Industrial Freehold & Leasehold Reit. On the investment side, Frasers Property replenished its land bank with residential sites in Australia, including the 334-hectare (ha) SkyRidge project in Queensland and a 60 ha site in Geelong, adding around 3,800 units to its pipeline. Frasers Property said it remained focused on active capital management, with net debt to total equity at 93.6 per cent as at end-Q3 FY2026, up from 89.2 per cent at the end of FY2025.