20 STRATEGICALLY ADVANCING Completed Build-to-Suit Redevelopment 21B Senoko Loop 15-year lease secured with NTS Singapore with built-in annual rental escalations Ongoing Asset Enhancement Initiative: 16 Tai Seng Street Divestment of Two Non-core Assets at Premium to Valuation 182–198 Maidstone Street, Victoria, Australia 81 Tuas Bay Drive, Singapore Identified c.S$200 million of non-core assets to be divested in FY2025 Gross Revenue S$370.5 million Net Property Income S$261.7 million Distribution per Unit 2.119 cents for FY2024 Positive Rental Reversion +10.3% High Rental Collection c.98.2% of total receivables Occupancy 92.3% consistently above market average Assets under Management S$5.3 billion1 as at 31 December 2024 Completed transformational DPU accretive acquisitions of two “On-Strategy” assets to improve portfolio and earnings quality: ESR Yatomi Kisosaki Distribution Centre, Japan 51% interest in 20 Tuas South Avenue 14, Singapore Total acquisition capital outlay S$772.6 million Acquisitions acquired at attractive NPI yields and at a 2.3% discount each to their respective average valuations Acquisitions demonstrated ESR-REIT’s access to Sponsor’s pipeline and Sponsor’s strong support to grow ESR-REIT FY2024 KEY HIGHLIGHTS RESILIENT PORTFOLIO PERFORMANCE AMIDST VOLATILE MACROECONOMIC CONDITIONS REJUVENATION TO ENHANCE PORTFOLIO QUALITY RECYCLING CAPITAL TO UNLOCK VALUE 1 Consists of the total value of investment properties (excluding right-of-use of leasehold land), investments in joint venture and property funds.
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