Slide 1: 9M 2025 Investor Presentation
9M 2025 Investor Presentation November 2025
Slide 2: Outline
Outline 9M 2025 Results • Highlights • Operating and Financial Performance • Dividends
Slide 3: 9M 2025 Highlights
9M 2025 Highlights TOTAL REVENUES1 EBITDA1 NET INCOME2 P9.5B +34% P7.0B +37% P7.0B +39% OCCUPANCY NET DEBT AUM (Assets under 99% P1.7B Management) Borrowing Cost of 5.6% 5.6% of Deposited Property Value P138.9B GLA 4.3m sqm +10% NET GEARING DPS Building 1.4m sqm +39% Land 2.9m sqm 0.01:1 P0.62 1 Hig
Slide 4: 9M 2025 Financials (Fair Value Model)
9M 2025 Financials (Fair Value Model) Revenues of P9.5B (+34%); Net Income of P7.0B* (+39%) Income Statement 9M 2025 9M 2024 Change % (In Php millions) • Higher Revenues and EBITDA driven by the new assets with Total Revenues 9,514 7,122 2,392 34% contribution starting July 2025 DOE and GAE (2,466)
Slide 5: Quarterly P&L Highlights
Quarterly P&L Highlights Stable quarter-on-quarter performance 3,591 2,696 2,679 • Revenues, EBITDA and 515 434 434 2,921 3,002 2,210 2,180 2,142 2,098 NIAT are higher quarter-on- quarter due to new assets • Excluding new assets, Revenues, EBITDA and NIAT increased by 2% to 3% 3,076 2,262 2,245 from
Slide 6: Higher occupancy than industry; healthy WALE
Higher occupancy than industry; healthy WALE Asset Type GLA (in sqm) Occupancy WALE Years Occupancy Rate: 99% Building 1,434,380 (33%) 98% Offices 3.3 Offices 725,168 (17%) 96% • Office occupancy remains healthy at Overall 20.1 Hotel 102,633 (2%) 100% 96% Retail 606,578 (14%) 99% Industrial lots 2,8
Slide 7: Healthy balance sheet with a net gearing of 0.01:1
Healthy balance sheet with a net gearing of 0.01:1 Balance Sheet June December • Total Borrowings and Deferred (in Php Millions) 2025 2024 Payments are 5.6% of the Cash & Receivables 6,230 4,165 Deposited Property Value, well Total Assets 146,816 123,223 within the 35% aggregate leverage limit Total
Slide 8: Declaration of 3Q 2025 Cash Dividends
Declaration of 3Q 2025 Cash Dividends • P0.62 per share for 3,715,756,162 outstanding common shares • Cash dividends will be paid on December 12, 2025, to stockholders of common shares as of the record date November 26, 2025.
Slide 9: Uninterrupted Growth in DPS
Uninterrupted Growth in DPS DPS has doubled since IPO, average QoQ growth 3.7%, 24% Annual TSR* Full year 2020 2021 2022 2023 2024 Full year 2020 2021 2022 2023 2024 9M25 Dividend 1,354 +51% 2,043 +53% 3,119 +43% 4,455 +43% 6,376 DPS 1.32 +34% 1.77 +12% 1.98 +9% 2.15 +6% 2.28 1.79 +5% y-y** AREIT qu
Slide 10: 9M 2025 Investor Presentation
9M 2025 Investor Presentation November 2025