24 STRATEGICALLY ADVANCING Distribution per Unit (“DPU”) for FY2024 was 2.119 cents, translating to a distribution yield of approximately 8.3% based on the closing unit price of S$0.255 as at 31 December 2024. 8.3% 5.8% 2.9% FY2024 Distribution Yield FTSE ST REIT 12M Yield Singapore Govt 10Y Bond Attractive Yield (%) (As at 31 December 2024) TRADING PERFORMANCE IN FY2024 In FY2024, global economies continued to grapple with heightened macroeconomic uncertainties and market volatilities, driven by persistent inflation, geopolitical tensions, and concerns over a “higher-for-longer” interest rate environment. These factors had a direct impact on the Singapore REIT industry, influencing capital costs, asset valuations, and investor sentiment. According to the Ministry of Trade and Industry, the Singapore economy expanded by 4.4% in 2024 and is forecasted to grow at 1.03.0% in 20251. ESR-REIT’s closing unit price was S$0.255 as at 31 December 2024, with one year volume weighted average price of S$0.286 as at 31 December 2024. ESR-REIT’s market capitalisation was approximately S$2.1 billion as at 31 December 2024, as compared to S$2.4 billion as at 31 December 2023. Additionally, average daily traded volume for FY2024 increased slightly to 11.6 million Units from 10.9 million Units in FY2023. UNIT PRICE PERFORMANCE 1 Ministry of Trade and Industry Singapore. 14 February 2025, MTI Maintains 2025 GDP Growth Forecast at ‘1.0 to 3.0 Per Cent’ https://www.mti.gov.sg/ Newsroom/Press-Releases/2025/02/MTI-Maintains-2025-GDP-Growth-at-1-to-3-Per-Cent 140% 0% 20% 40% 60% 80% 100% 120% ESR-REIT STI FTSE Real Estate FTSE ST REIT Comparative Trading Performance FY2024 Jan 2024 Feb 2024 Mar 2024 Apr 2024 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Nov 2024 Dec 2024 Trading Data Across Five Years 2024 2023 2022 2021 2020 Opening Price on First Trading Day of Year (S$) 0.320 0.370 0.480 0.405 0.535 Closing Price on Last Trading Day of Year (S$) 0.255 0.320 0.370 0.480 0.395 Highest (S$) 0.325 0.385 0.485 0.510 0.560 Lowest (S$) 0.250 0.250 0.320 0.375 0.240 Volume Weighted Average Price (S$) 0.286 0.318 0.397 0.446 0.372 Total Trading Volume (million Units) 2,916.5 2,696.1 2,543.8 2,461.1 3,588.4 Average Daily Trading Volume (million Units) 11.6 10.9 10.2 9.8 14.4
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