58 STRATEGICALLY ADVANCING Debt Maturity Profile as at 31 December 2024 (a) 2025 2026 2027 2028 2029 421 548 359 197 342 91 156 91 125 0 35.4 24.5 24.8 15.3 Unsecured Term Loans Unsecured Notes Secured Term Loans Unsecured RCF S$m 700 800 900 400 500 300 200 100 0 600 % of Debt Expiring Notes: (a) Presented in SGD with exchange rate of AUD/SGD: 0.89908 and JPY/SGD: 0.00931. ESR-REIT has no refinancing risk till FY2026. The Manager may potentially early refinance FY2026 expiring debt ahead of expiry, these refinancing have no prepayment penalties and may potentially be at lower margins. Interest savings are expected due to the ESR-REIT’s improved credit profile and better asset and earnings quality. In FY2024, ESR-REIT entered into its inaugural sustainability-linked and green loans and will look to increase our commitment to green financing where possible. As at 31 December 2024, unsecured term loan facilities and unsecured revolving credit facilities make up 65.4% of total debt and secured term loans make up 29.1% of total debt, while MTNs make up the remaining 5.5% of total debt. The Manager will continue to proactively manage capital structure risks and explore alternative sources of funding across the debt and equity capital markets, where available. 62.9% SGD Denominated 15.5% AUD Denominated 21.6% JPY Denominated By Currency Debt Breakdown as at 31 Dec 2024 — By Currency Total Debt of S$2,269.7 million 6.9% Unsecured RCF 58.5% Unsecured Term Loans 29.1% 5.5% Secured Term Loans Unsecured Notes By Type Debt Breakdown as at 31 Dec 2024 — By Type Total Debt of S$2,269.7 million
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