WELL-DIVERSIFIED PORTFOLIO Breakdown by Asset Class ESR-REIT manages a well-diversified portfolio of industrial properties, comprising Business Park, High-Specifications Industrial, Logistics and General Industrial properties. Collectively, New Economy assets of Logistics and High-Specifications Industrial account for 71.6% of the portfolio by gross rental income and 75.2% by valuation. With limited potential supply in the near future, ESR-REIT is well-positioned to capture the growing demand in the Logistics and High-Specifications Industrial sectors. Breakdown of Single-Tenanted and Multi-Tenanted Buildings The Manager aims to achieve a healthy mix of multi-tenanted buildings (“MTB”) and single-tenanted buildings (“STB”) in the portfolio through proactive asset and lease management strategies. MTBs provide tenant diversification while STBs, with longer leases and built-in rental escalations, generate yield stability. Proactive portfolio rebalancing over the years have recalibrated ESR-REIT’s exposure to MTBs and STBs, currently constituting 69.7% and 30.3% of the portfolio respectively based on gross rental income as at 31 December 2025, and 66.0% and 34.0% of the portfolio respectively based on valuation as at 31 December 2025. Business Park High-Specifications Industrial Logistics General Industrial Business Park High-Specifications Industrial Logistics General Industrial 13.7% 24.0% 47.6% 14.7% Single-tenanted Multi-tenanted 30.3% 69.7% Single-tenanted Multi-tenanted 34.0% 66.0% 12.0% 15.6% 59.6% 12.8% Single-tenanted vs Multi-tenanted Buildings (by Gross Rental Income) Single-tenanted vs Multi-tenanted Buildings (by Valuation) Asset Class (by Valuation) Asset Class (by Gross Rental Income) 49 ESR-REIT ANNUAL REPORT 2025
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