Questions around this news
What criteria were considered for the SET Awards’ Best REIT Performance Award?
The release says the assessment covered operational results; the stability of income and expenses; asset quality and occupancy; governance and regulatory-compliant transparency; and risk management and internal controls. It does not provide scores or explain how much weight each criterion carried.
What operational priorities does GVREIT cite?
The release says GVREIT is maintaining high occupancy, building tenant relationships and responding to demand for flexible office space. It also points to disciplined cost control and revenue generation as part of its approach to supporting stable, sustainable long-term returns for unitholders.
What do the SET Awards recognize?
According to the release, the Stock Exchange of Thailand organizes the SET Awards annually and has done so since 2003. The awards recognize Thai listed companies and REITs for qualities including operational performance, corporate governance, transparency and compliance with regulations.
What is a real estate investment trust (REIT)?
A REIT is an investment vehicle that holds or finances income-producing real estate. Investors can participate by holding units or shares in the trust, which pools capital to invest in property. REIT structures and rules differ by jurisdiction, including how income is distributed and which assets qualify.
Bangkok, Thailand, December 17, 2025 -- Frasers Property Commercial Asset Management (Thailand) Co., Ltd. (FPCAMT), in its capacity as the manager of Golden Ventures Leasehold Real Estate Investment Trust (GVREIT), received two accolades in the Business Excellence category — for Outstanding REIT Performance Award and Best REIT Performance Award — at the SET Awards 2025, organised by the Stock Exchange of Thailand.
The Best REIT Performance Award is assessed based on a comprehensive set of criteria, ranging from operational results and stability of income and expenses to asset quality, occupancy rates, good governance, regulatory-compliant transparency and effective risk management and internal controls. The twin awards are testament to GVREIT's strong corporate governance practices and steadfast commitment to prudent management in line with its policies and strategic plans. The Trust’s disciplined cost control, together with revenue generation, underpins its focus to deliver stable and sustainable long-term returns to its unitholders.
On the operational front, GVREIT continues to maintain high occupancy, strengthen tenant relationships and meet demand for flexible office space.
This achievement reaffirms the market’s confidence in GVREIT’s expertise and serves as a strong motivation for the Trust to maintain exemplary management and governance standards for adapting to market changes and creating long-term value for unitholders.
Held annually since 2003, the SET Awards recognise Thai listed companies and REITs that demonstrate excellence in operational performance, corporate governance, transparency and strict regulatory compliance.
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Terms explained
- Occupancy rate
- The share of a property’s available space that is occupied, usually by tenants. It is commonly used to describe how much of a building or property portfolio is in use.
- Unitholder
- A person or organization that owns units in a trust. Units represent an ownership interest in the trust, subject to its governing terms.
- Corporate governance
- The systems and practices used to direct and oversee an organization, including how decisions are made, responsibilities are assigned and accountability is maintained.
- Internal controls
- Policies and procedures designed to help an organization manage risks, protect assets, maintain reliable records and support compliance with applicable rules.
- Leasehold
- A right to use or occupy property under a lease for an agreed period. It differs from owning the underlying property outright.
