Hektar Real Estate Investment Trust · MYX:HEKTAR
Hektar Real Estate Investment Trust — Q4 2025 Earnings Presentation
20 slides from Hektar Real Estate Investment Trust's earnings presentation, Feb 26, 2026
Slide 1: Hektar REIT 4Q25 Results Presentation
Creating The Places People Love HEKTAR REAL ESTATE INVESTMENT TRUST 4Q25 Results Presentation 26 Feb 2026
Slide 2: Hektar REIT: Malaysia's First Retail-Focused REIT
Hektar REIT: Malaysia’s First Retail-Focused REIT 2 Diversifying while maintaining our retail-centered niche ORGANISATION GEOGRAPHICALLY WELL-DIVERSIFIED DISCLAIMER: The material that follows is a presentation of general background information about the activities of Hektar REIT (including Hektar RE
Slide 3: Table of Contents
Table of Contents 3 01 Financial & Portfolio Highlights 02 Portfolio Performance 03 Portfolio Updates 04 Asset Enhancement Works Updates
Slide 4: Financial Highlights
4 Financial Highlights
Slide 5: Financial & Operational Summary
Financial & Operational Summary 5 Financial Performance (2025) vs Previous Year (2024) Gross Revenue RM124.7 million (-0.1% Y-o-Y) Net Property Income RM57.1 million (-9.3% Y-o-Y) Realised Net Income RM18.8 million (-23.8% Y-o-Y) Debt Maturity Profile 91.16% of Debt maturing from 2028 onwards Effect
Slide 6: Performance Summary
Performance Summary 6 4Q25: Oct- Dec 2025 FY25: Jan - Dec 2025 RM ‘000 RM ‘000 35,000 140,000 (0.1%) 2.4% 30,000 120,000 25,000 100,000 20,000 80,000 (9.3%) (12.2%) 15,000 60,000 10,000 40,000 (23.8%) 11.1% 5,000 20,000 0 0 Gross Revenue Net Property Net Realised Gross Revenue Net Property Net Reali
Slide 7: Financial Highlights
Financial Highlights 7 EXPIRY PROFILE 2026-2033 DEBT SUMMARY As at 31 Dec 2025 RM603.8 million Total Debt [FY2024: RM598.3 million] RM550.4 MIL 4.96% Effective Cost [FY2024: 5.03%] 41.47% Gearing Ratio [FY2024: 41.72%] 1.63 times Interest Cover [FY2024: 1.66 times] 1 Gearing ratio calculated by fina
Slide 8: Income Statement FY25
Income Statement FY25 8 Income Statement As at 31.12.2024 As at 31.12.2025 Variance FY25 (RM '000) (RM '000) (%) Revenue 124,804 124,729 (0.1%) Direct Cost & Property Expenses (61,919) (67,664) (9.3%) Net property income (NPI) 62,885 57,065 (9.3%) Income from Fund Placement & Others 1,869 1,238 (33.
Slide 9: Balance Sheet FY25
Balance Sheet FY25 9 As at As at Balance Sheet 31.12.2024 31.12.2025 Unit Statistics As at 31 Dec 2025 (Audited) (Audited) (RM '000) (RM '000) Non-current Assets Investment properties 1,386,500 1,393,600 No. of Units 709,286,684 Plant & Equipment 469 2,143 Capital work in progress 5,144 10,786 1,392
Slide 10: Portfolio Performance
10 Portfolio Performance FY2025 Occupancy at 85.8% ► 4Q2025 Rental Reversion at 5.3% and FY 2025 concluded at 2.5% ► Increased Footfall at 22.7 million (▲ 0.5% Y-O-Y) for FY2025 ►
Slide 11: Portfolio Occupancy – FY2025 Committed Occupancy at 85.8%
PRIVATE & CONFIDENTIAL 11 Portfolio Occupancy – FY2025 Committed Occupancy at 85.8% Previous Occupancy Occupancy at 4Q25/FY 2025 86.9% 86.7% 85.8% 84.0% 84.0% 83.5% 82.0% 4Q25/ FY22 FY23 FY24 1Q25 2Q25 3Q25 FY25 Occupancy Subang Parade 70.3% 74.3% 84.1% 84.1% 84.1% 85.9% 84.7% Mahkota Parade 86.9% 9
Slide 12: 4Q25 rental reversions at 5.3% against previous rent
PRIVATE & CONFIDENTIAL 12 4Q25 rental reversions at 5.3% against previous rent ▪ 70 tenancies consisting of 9.7 % of total NLA have been added/renewed for the quarter ended 31 Dec 2025. ▪ For 4Q 2025, all malls recorded positive rental reversion over previous contracted rents, with Central Square le
Slide 13: FY2025 rental reversions at 2.5% against previous rent
PRIVATE & CONFIDENTIAL 13 FY2025 rental reversions at 2.5% against previous rent. ▪ For FY2025, a total of 176 new/renewed tenancies consisting of 21.0% of total NLA were successfully renewed. ▪ While Kulim Central and Subang Parade recorded negative rental reversion against previous rental rates, t
Slide 14: Tenancies expiry well distributed
PRIVATE & CONFIDENTIAL Tenancies expiry well distributed ▪ A total of 545,475 sq ft representing 74.2% of NLA expiring in 2025 as reported in Q1 2025 has been successfully renewed/newly tenanted for FY 2025. PORTFOLIO TENANCY EXPIRY PROFILE 2026-2028 Portfolio Lease Expiry Profile. Number of Expirin
Slide 15: Refreshed retail offerings at Hektar Malls
PRIVATE & CONFIDENTIAL Refreshed retail offerings at Hektar Malls MPH, Subang Parade Naku by Nale, Subang Parade Kenangan Coffee, Subang Parade Mr Toy, Mahkota Parade Jo Malone, Mahkota Parade Fesigner, Kulim Central Pop Meals, Wetex Parade Master Silver , Segamat Central Bandoru, Central Square
Slide 16: Marketing initiatives
PRIVATE & CONFIDENTIAL Marketing initiatives 16 Christmas Celebration, Anime Event, Malaysia Championships of Performing Arts, Central Square Subang Parade Mahkota Parade Footfall : 35,231 ( 3 days event) Footfall : 49,864 (3 days event) Footfall : 25,108 Pesta Coklat, Kejuaran Silat, KPOP Dance Com
Slide 17: CSR Initiatives
PRIVATE & CONFIDENTIAL CSR Initiatives Christmas with Kiwanis Kids, Wetex Parade Karnival Rakan Muda by KBS, Mahkota Parade MPSJ Subang Festival, Subang Parade Wishing Tree, Central Square Pertandingan Robotic Soccer Negeri Johor, Segamat Central
Slide 18: Asset Enhancement Initiative Update
Asset Enhancement Initiative Update PRIVATE & CONFIDENTIAL
Slide 19: Subang Parade Asset Enhancement Initiatives (AEIs)
PRIVATE & CONFIDENTIAL Subang Parade Asset Enhancement Initiatives (AEIs) AEIs targeted to be completed by 2H2027 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1Q27 2Q27 3Q27 4Q27 Detailed Design For Package 1A,1B,1C and 2 accordingly in stages. Development Authority Approval for Package 2
Slide 20: Investor Communications
20 Creating The Places People Love Investor Communications Hektar Asset Management Sdn Bhd Tel: +6 03 6205 5570 Web: www.HektarREIT.com Email: ir@HektarREIT.com
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