ANALYSTS ENGAGEMENT The Manager continued to strengthen engagement with coverage analysts and the broader research community over the year. Regular briefings and timely corporate updates were provided to ensure analysts remained well informed of the REIT’s performance and strategic priorities. In addition, the Manager hosted multiple property site visits to offer analysts deeper insight into the breadth and quality of ESR-REIT’s diversified portfolio. The REIT is currently covered by 6 research houses. INSTITUTIONAL INVESTORS ENGAGEMENT In FY2025, the IRCC team continued to deepen engagement with institutional investors through an active programme of roadshows, investor conferences, one- on-one meetings, and curated property site visits. These touchpoints provided investors with timely insights into the REIT’s performance, strategic direction, and operational priorities, while enabling the team to address stakeholder concerns in a timely manner against a backdrop of a persistently challenging macroeconomic environment. Throughout the year, the IRCC team was invited to participate in a range of local and overseas conferences, creating opportunities to connect with a broad spectrum of global and regional investors. These engagements remained instrumental in widening the REIT’s institutional reach, strengthening its market visibility, and opening access to new investor pools. The increased interaction also contributed to healthier trading liquidity and enhanced interest from both existing and prospective investors. The REIT’s sustained visibility and transparent outreach efforts continued to garner strong support from institutional investors for its growth initiatives. This ongoing confidence Research House Analyst Contact CIMB Lock Mun Yee munyee.lock@cgsi.com Citibank Brandon Lee brandon2.lee@citi.com CLSA Wong Yew Kiang yew.kiang.wong@clsa.com DBS Derek Tan Dale Lai derektan@dbs.com.sg dalelai@dbs.com Maybank Krishna Guha krishna.guha@maybank.com RHB Vijay Natarajan vijay.natarajan@rhbgroup.com The full list of research houses and target recommendations are also available on the corporate website. underscores investor alignment with ESR-REIT’s long-term strategy and reinforces the REIT’s positioning within the competitive S-REIT landscape. RETAIL INVESTORS ENGAGEMENT Retail investors continue to be an important focus of the Manager’s communication and engagement strategy. ESR-REIT is an active member of the Securities Investors Association (Singapore) (“SIAS”) Shareholder Communication Programme, which aims to enhance investor communication with the public. Additionally, ESR-REIT is a member of the REIT Association of Singapore (“REITAS”), reinforcing its commitment to best practices in investor relations. ESR-REIT deepened its collaboration with SIAS through a series of initiatives designed to strengthen engagement with retail investors and Unitholders. The year began with participation in the annual Corporate Connect Webinar, where management presented the FY2024 results, reviewed operational performance and outlined strategic priorities for the year ahead. This was complemented by two in-person Unitholder dialogue sessions held in April and September 2025 as part of the REIT’s regular investor outreach calendar. These sessions provided a platform for direct interaction with management, allowing attendees to receive updates on key developments and participate in live Q&A discussions. Both sessions were well attended, with close to 100 Unitholders taking part in the exchanges. ESR-REIT remains committed to sustaining these platforms to facilitate open communication and strengthen investor understanding. ESR-REIT convened its 16th Annual General Meeting and an Extraordinary General Meeting on 23 April 2025. The Extraordinary General Meeting was held to seek Unitholders’ approval for the proposed 10:1 Unit consolidation, and all resolutions tabled at both meetings were duly approved by Unitholders. Beyond these engagements, the REIT broadened its outreach through participation in conferences and industry events, with senior management contributing as speakers and panellists to share perspectives on operational performance, strategic execution and market trends across its core markets of Singapore, Australia and Japan. Among the year’s key outreach events was ESR-REIT’s participation in the REITs Symposium 2025, jointly organised by ShareInvestor and InvestingNote. 41 ESR-REIT ANNUAL REPORT 2025
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