ON TRACK
TO REALISING
OUR AMBITION
ANNUAL REPORT 2015
GROWING TO
NEW HEIGHTS
ANNUAL REPORT 2015
DELIVERING
SUSTAINABLE
LONG-TERM
GROWTH
ANNUAL REPORT 2015
GROWING
THROUGH
STRATEGIC
FOOTPRINTS
ANNUAL REPORT 2015
02
ABOUT FRASERS HOSPITALITY
TRUST
03
OUR VISION AND MISSION
04
OUR STRATEGY
08
FINANCIAL HIGHLIGHTS
10
LETTER TO STAPLED
SECURITYHOLDERS
15
CORPORATE STRUCTURE
18
BOARD OF DIRECTORS
22
MANAGEMENT TEAM
26
OVERVIEW OF PROPERTIES
28
PORTFOLIO SUMMARY
30
ASSET PROFILE
56
FINANCIAL REVIEW
58
ASSET PORTFOLIO VALUATION
C O N T E N T S
This year’s design for the Frasers Centrepoint group
of companies’ annual reports comprises a series that
prominently features the Frasers Centrepoint logo.
All four annual reports (Frasers Centrepoint Limited,
Frasers Centrepoint Trust, Frasers Commercial Trust and
Frasers Hospitality Trust) can be positioned together to
form the complete corporate logo.
The Frasers Centrepoint logo symbolically personifies
its brand essence of being a property group that builds
upon trust and care.
In the form of a structured yet dynamic diamond shape,
the logo reflects Frasers Centrepoint’s strength, stability
and trustworthiness as an integrated real estate group.
The eight contoured strokes represent progression and
continuity in its business activities.
The red strokes represent a strong business foundation,
while the warm grey strokes represent its business
partners, investors and customers. Together, they form
a complete diamond which represents success.
The colour red symbolises warmth, vibrancy and
passion while grey reflects dignity, trustworthiness and
professionalism.
Integration, progression and continuity are exemplified
by the coming together of the four entities.
At Frasers Hospitality Trust, we believe in staying
focused to stay ahead of the game. We are committed
to our diversified portfolio strategy by expanding our
geographical presence and reducing reliance on a single
asset or country. This will in turn propel us to strengthen
our performance and chart strategic growth to benefit
stapled securityholders.
GROWING THROUGH
STRATEGIC FOOTPRINTS
59
OPERATIONS REVIEW
65
MARKET OVERVIEW
79
INVESTOR RELATIONS
81
SUSTAINABILITY REPORT
90
GRI CONTENT INDEX
(G4 CORE)
94
RISK MANAGEMENT
96
CORPORATE GOVERNANCE
REPORT
113
FINANCIAL STATEMENTS
207
STATISTICS OF STAPLED
SECURITYHOLDERS
211
INTERESTED PERSON
TRANSACTIONS
215
NOTICE OF ANNUAL GENERAL
MEETING
PROXY FORM