Slide 1: FY 2025 Analyst Briefing
FY 2025 Analyst Briefing February 2026
Slide 2: Agenda
Agenda FY 2025 Results • Highlights • Operating and Financial Performance • Dividends CEO Message
Slide 3: FY 2025 Highlights
FY 2025 Highlights TOTAL REVENUES1 EBITDA1 NET INCOME2 P13.0B +26% P9.5B +27% P9.4B +28% OCCUPANCY NET DEBT AUM (Assets under 99% P1.9B Management) Borrowing Cost of 5.4% 5.7% of Deposited Property Value P139.3B GLA 4.3m sqm +10% NET GEARING DPS Building 1.4m sqm +39% Land 2.9m sqm 0.01:1 P2.41 1 Hi
Slide 4: FY 2025 Financials (Fair Value Model)
FY 2025 Financials (Fair Value Model) Revenues of P13.0B (+26%); Net Income of P9.4B* (+28%) Income Statement FY 2025 FY 2024 Change % (In Php millions) • Higher Revenues and EBITDA driven by the new assets with Total Revenues 12,960 10,259 2,701 26% contribution starting July 2025 DOE and GAE (3,43
Slide 5: 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 3.2 Offices 725,168 (17%) 96% • Office occupancy remains healthy at Overall 19.8 Hotel 102,633 (2%) 100% 96% Retail 606,578 (14%) 99% Industrial lots 2,8
Slide 6: Healthy balance sheet with a net gearing of 0.01:1
Healthy balance sheet with a net gearing of 0.01:1 Balance Sheet December December • Total Borrowings and Deferred (in Php Millions) 2025 2024 Payments are 5.7% of the Cash & Receivables 6,514 4,165 Deposited Property Value, well Total Assets 147,322 123,223 within the 35% aggregate leverage limit T
Slide 7: Declaration of 4Q 2025 Cash Dividends
Declaration of 4Q 2025 Cash Dividends • P0.62 per share for 3,715,756,162 outstanding common shares • Cash dividends will be paid on March 20, 2026, to stockholders of common shares as of the record date March 5, 2026.
Slide 8: Uninterrupted Growth in DPS
Uninterrupted Growth in DPS DPS has more than doubled since IPO at 2.2x, 21% Annual TSR* FY 2020 2021 2022 2023 2024 2025 FY 2020 2021 2022 2023 2024 2025 Div 1,354 +51% 2,043 +53% 3,119 +43% 4,455 +43% 6,376 +31% 8,363 DPS 1.32 +34% 1.77 +12% 1.98 +9% 2.15 +6% 2.28 +6% 2.41 AREIT quarterly dividend
Slide 9: Agenda
Agenda FY 2025 Results • Highlights • Operating and Financial Performance • Dividends CEO Message
Slide 10: AREIT delivered another year of disciplined growth and strong shareholder returns in 2025
AREIT delivered another year of disciplined growth and strong shareholder returns in 2025. NET INCOME P9.4B +28% DPS P2.41 +6% TSR +21% OCCUPANCY 99% AUM P139B 5x from IPO
Slide 11: The upcoming infusion strengthens AREIT's stability and scale, bringing AUM to P158 billion
The upcoming infusion strengthens AREIT’s stability and scale, bringing AUM to P158 billion. Historical AUM Growth 2026 Ayala Center Cebu 138 158 117 Infusion Ayala Malls Feliz 87 64 P19.5B Dec 2025: Secured 54 30 approval from stockholders 2020 2021 2022 2023 2024 2025 2026 AUM Breakdown by Sector
Slide 12: We will continue to grow AREIT strategically and responsibly
We will continue to grow AREIT strategically and responsibly. The foundation build over the past 5 years gives us both scale and consistency. Our focus remains the same: execute well, grow prudently, and continue delivering predictable returns to our shareholders.
Slide 13: FY 2025 Analyst Briefing
FY 2025 Analyst Briefing February 2026