Slide 1: 1H 2025 Analyst Briefing
1H 2025 Analyst Briefing August 2025
Slide 2: Agenda
Agenda 1H 2025 Results • Highlights • Operating and Financial Performance • Dividends Director Message
Slide 3: 1H 2025 Highlights
1H 2025 Highlights TOTAL REVENUES1 EBITDA1 NET INCOME2 P5.9B +40% P4.4B +44% P4.3B +45% OCCUPANCY NET DEBT AUM (Assets under 99% P1.9B Management) Borrowing Cost of 5.7% 6.1% of Deposited Property Value P117.3B GLA 3.9m sqm +324% NET GEARING DPS Building 1.0m sqm +23% Land 2.9m sqm 0.02:1 P0.59 1 Hi
Slide 4: 1H 2025 Financials (Fair Value Model)
1H 2025 Financials (Fair Value Model) Revenues of P5.9B (+40%); Net Income of P4.3B* (+45%) Income Statement 1H 2025 1H 2024 Change % (In Php millions) • Higher Revenues and EBITDA Total Revenues 5,923 4,234 1,689 40% driven by the new assets with DOE and GAE (1,571) (1,203) (368) 31% contribution s
Slide 5: Quarterly P&L Highlights
Quarterly P&L Highlights Stable quarter-on-quarter performance +3% +4% +3% 3,002 2,142 2,210 2,180 2,921 2,098 • Revenues, EBITDA and NIAT are stable quarter-on- quarter Q1 2025 Q2 2025 Q1 2025 Q2 2025 Q1 2025 Q2 2025 Revenue EBITDA NIAT* *NIAT excludes the net fair value change in investment proper
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% +3% pts vs 1H 2024 Building 1,034,549 (27%) 97% Offices 3.5 Offices 639,786 (16%) 96% • Office occupancy remains healthy at Overall 20.3 Hotel 83,511 (2%) 100% 96% Retail 311,252 (8%) 99% In
Slide 7: Healthy balance sheet with a net gearing of 0.02:1
Healthy balance sheet with a net gearing of 0.02:1 Balance Sheet June December • Total Borrowings and Deferred (in Php Millions) 2025 2024 Payments are 6.1% of the Cash & Receivables 4,905 4,165 Deposited Property Value, well Total Assets 124,630 123,223 within the 35% aggregate leverage limit Total
Slide 8: Declaration of 2Q 2025 Cash Dividends
Declaration of 2Q 2025 Cash Dividends • P0.59 per share for 3,209,865,985 outstanding common shares • Cash dividends will be paid on September 12, 2025, to stockholders of common shares as of the record date August 29, 2025.
Slide 9: Uninterrupted Growth in DPS
Uninterrupted Growth in DPS DPS has doubled since IPO, average QoQ growth 3.6%, 26% Annual TSR* 2022 2023 2024 2022 2023 2024 Full year +53% +43% +43% Full year +12% +9% +6% 1,354 2,043 YoY 3,119 YoY 4,455 YoY 6,376 1.32 1.77 YoY 1.98 YoY 2.15 YoY 2.28 Dividend DPS AREIT quarterly dividend amount (P
Slide 10: Agenda
Agenda 1H 2025 Results • Highlights • Operating and Financial Performance • Dividends Director Message
Slide 11: Building on proven track record of consistent growth and sustainable returns
Building on proven track record of consistent growth and sustainable returns Strong Financial Growth* P4.3B Net Income +45% Consistent Shareholder Returns* P1.17 / share +4% Stable and Resilient Operations* 99% overall occupancy 96% office occupancy Clear Investment Strategy P117.3B in AUM 4x IPO En
Slide 12: Expanding AREIT's scale and diversification to lift AUM to P138 billion
Expanding AREIT’s scale and diversification to lift AUM to P138 billion Historical AUM Growth 2025 GLA post-infusion 138 4.3m sqm +9% 117 Infusion Building 1.4m sqm +35% 64 87 Land 2.9m sqm 54 P21B July 2025: Deed of Exchange filed with the SEC 30 2020 2021 2022 2023 2024 2025 AUM Breakdown by Secto
Slide 13: Welcoming the new AREIT, Inc. President and CEO
Welcoming the new AREIT, Inc. President and CEO Alberto “Albert” M. de Larrazabal • Senior Managing Director and Chief Finance Officer of Ayala Corporation since April 2021 • Over three decades of extensive experience as senior executive in Finance, Business Development, Treasury Operations, Joint V
Slide 14: AREIT's success is anchored on strong fundamentals
AREIT’s success in anchored on strong fundamentals – our institutional strength, a clear investment strategy, and the steadfast support from our sponsor. These have allowed us to deliver consistent results and will continue to propel our growth well into the future.
Slide 15: 1H 2025 Analyst Briefing
1H 2025 Analyst Briefing August 2025