ESR-REIT Annual Report 2024 19 October • Held Extraordinary General Meeting on 9 October 2024 and received more than 99% approval from Unitholders in relation to the proposed acquisitions of ESR Yatomi Kisosaki Distribution Centre and 51% interest in 20 Tuas South Avenue 14 • Launched preferential offering on the basis of 4 preferential offering units for every 100 existing units to raise gross proceeds of up to approximately S$94.0 million as part of the financing for the acquisitions of ESR Yatomi Kisosaki Distribution Centre, and 51% interest in 20 Tuas South Avenue 14 • Entered into S$225 million unsecured sustainabilitylinked term loan facility and JPY15.5 billion unsecured term loan facility • Entered into JPY22.8 billion onshore secured term loan facility • Announced interim business update for financial quarter ended 30 September 2024 • Completed divestment of 81 Tuas Bay Drive • Participated as keynote presenter at the 2024 International Asset Management Forum II held in Taipei City, organised by the Securities Investment Trust & Consulting Association of the R.O.C. • Participated in Singapore REITs Day investor conference in Kuala Lumpur, Malaysia, organised by REITAS, SGX Group and Maybank • Hosted a property site visit for South Korean investors, organised by SGX Group November • Completed acquisition of ESR Yatomi Kisosaki Distribution Centre • Completed acquisition of 51% interest in 20 Tuas South Avenue 14 • Entered into S$341.5 million term loan1 with a green loan component • Participated as panellist at the 19th Asia Bond Markets Summit — ASEAN Edition, organised by The Asset December • Announced rebranding and change of name to ESRREIT • Participated in the UBS Global Real Estate CEO/CFO Conference July • Announced results for the financial period from 1 January 2024 to 30 June 2024: DPU dipped 18.6% y-o-y to 1.122 cents mainly due to enlarged unit base from equity fund raising exercise in FY2023 and divestment of non-core assets • Announced proposed acquisitions of two transformative assets from ESR Group — ESR Yatomi Kisosaki Distribution Centre and 51% interest in 20 Tuas South Avenue 14 for total capital outlay of S$772.6 million August • Issued S$174.75 million 6.00% subordinated perpetual securities, comprising S$74.75 million of new securities issued as part of the exchange consideration for the Series 006 perpetual securities and S$100.0 million of additional new securities • Announced divestment of 81 Tuas Bay Drive at 16.7% premium to valuation • Participated as presenter and panellist at the REITs Investment Forum 2024 organised by The Edge Singapore • Participated in a non-deal roadshow in Kuala Lumpur, Malaysia, organised by RHB • Participated in a non-deal roadshow in Hong Kong, organised by HSBC • Participated in a non-deal roadshow in Bangkok, Thailand, organised by Maybank September • Announced that Sustainable Fitch affirms ESR-REIT’s inaugural sustainability-linked loan targets with “Good” rating • Announced grand opening of NTS Singapore’s new regional hub at ESR-REIT’s newly redeveloped 21B Senoko Loop • Participated in the Bank of America 2024 Global Real Estate Conference in New York, USA • Participated in a non-deal roadshow in London, United Kingdom, organised by HSBC 1 The S$341.5 million term loan was obtained by Tuas South Avenue Pte. Ltd., of which ESR-REIT has a 51% ownership interest.
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