United Hampshire Us Real Estate Investment Trust · SGX:ODBU
United Hampshire Us Real Estate Investment Trust — United Hampshire US REIT — H1 2025 Earnings Presentation
42 slides from United Hampshire Us Real Estate Investment Trust's earnings presentation, Aug 13, 2025
Slide 1: 1H 2025 Financial Results
1H 2025 Financial Results 13 August 2025
Slide 2: Important Notice
Important Notice This announcement is for information purposes only and does not constitute or form part of an invitation, solicitation or offer to any person in Singapore or otherwise to acquire, invest in, purchase or subscribe for any units ("Units") in UHREIT nor shall it or any part of it form
Slide 3: Table of Contents
Table of Contents Page Content 4 U.S. Market Update 8 1H 2025 Key Highlights 11 1H 2025 Financial Results 17 Portfolio Optimisation & Capital Recycling 22 Portfolio Update 29 Investment Merits
Slide 4: U.S. Market Update
U.S. Market Update Penrose Plaza, Pennsylvania
Slide 5: Inflation Cools to 2.7%, Unemployment Rate remains low at 4.2%
U.S. Market Update Inflation Cools to 2.7%, Unemployment Rate remains low at 4.2% U.S. Economy Rebounded in Q2 2025, Expanding at U.S. Inflation has fallen to 2.7%3 an Annualized Rate of 3.0% • Inflation rate has declined significantly from 9.1%3 in June 2022 • 2025 GDP growth forecast: +1.4%1 8% 12
Slide 6: Consumer Spending Regains Momentum in June
U.S. Market Update Consumer Spending Regains Momentum in June Retail Sales Q2 2025 Retail Sales June 2025 Grocery Sales June 2025 +4.1% +3.9% +2.7% year-on-year1 year-on-year1 year-on-year1 • U.S. retail sales rose by 0.6% in June from the previous month, recovering from a sharp 0.9% decline in May.
Slide 7: Favourable Outlook for Grocery-Anchored Strip Centers
U.S. Market Update Favourable Outlook for Grocery-Anchored Strip Centers Resilient Foot Traffic Underscores Strip Center Strength Limited New Supply Creates Tailwind for Strip Centers Strip center foot traffic has remained resilient year-to-date, trailing ‘A’ malls by only New supply in the sector h
Slide 8: 1H 2025 Key Highlights
1H 2025 Key Highlights Arundel Plaza, Maryland
Slide 9: Strong Committed Occupancy with Well-Distributed Lease Expiry
1H 2025 Key Highlights Strong Committed Occupancy with Well-Distributed Lease Expiry Committed occupancy for the Grocery & Necessity portfolio has remained robust at over 94% since IPO 0.7%1 lease expiry in 2025 Low In 1H 2025, we executed 5 new leases and 97.2% 95.3% Grocery & Necessity Self-Storag
Slide 10: Resilient Portfolio Backed by a Long WALE and High Tenant Retention
1H 2025 Key Highlights Resilient Portfolio Backed by a Long WALE and High Tenant Retention 7.6 years 9.8 Years1 8.1 Years1 WALE of WALE of Tenants Long WALE Top 10 Tenants Providing Essential Services2 Others Auto Supply Financial Services 1.3% 0.8% Home Improvement 2.2% 58.3%1 Fitness Dental Servic
Slide 11: 1H 2025 Financial Results
1H 2025 Financial Results Garden City Square – BJ’s Wholesale Club, New York
Slide 12: Strong Financial Performance, 4.0% Growth in 1H 2025 DPU
1H 2025 Financial Results Strong Financial Performance, 4.0% Growth in 1H 2025 DPU Distributable Income Distribution Per Unit (US$ million) (US cents) • Gross revenue and net property income declined by 3.0% and 5.6% respectively, primarily due to the absence of contributions from36.0 three properti
Slide 13: Attractive Dividend Yield and Price-to-Book Ratio
1H 2025 Financial Results Attractive Dividend Yield and Price-to-Book Ratio Comparative Yields Price-to-Book Ratio5 REITs and Equities Bonds 9.1% UHREIT is trading at 39% Discount to NAV of US$0.74 and offering a High Dividend Yield of 9.1% 230bps 280bps 400bps XX% 490bps 0.61 670bps 6.8% 6.3% 5.1%
Slide 14: Healthy Balance Sheet, Stable NAV
1H 2025 Financial Results Healthy Balance Sheet, Stable NAV As at 30 June 2025 As at 31 December 2024 (US$’000) (US$’000) Investment Properties 752,071 749,872 Investment Property - 23,800 Held For Divestment Other Current Assets 46,353 24,717 Total Assets 798,794 799,998 Loans and Borrowings 300,29
Slide 15: Well-Spread Debt Maturity Profile with No Refinancing Required until November 2026
1H 2025 Financial Results Well-Spread Debt Maturity Profile with No Refinancing Required until November 2026 Debt Summary as of 30 June 2025 Aggregate Leverage 38.9% Net Aggregate Leverage No Refinancing 36.1%2 No Swaps 21.5% (US$65 mil) Requirement until Maturing until of Floating Rate Weighted Ave
Slide 16: Distribution Schedule
1H 2025 Financial Results Distribution Schedule Distribution and Distribution Reinvestment Plan (DRP) Details Distribution Period 1 January – 30 June 2025 Distribution Per Unit (US cents) 2.09 Ex Date 21 August 2025 Book Closure Date 22 August 2025 Date of announcement of Issue Price of Units for th
Slide 17: Portfolio Optimisation & Capital Recycling
Portfolio Optimisation & Capital Recycling Towne Crossing , New Jersey
Slide 18: DPU Accretive Acquisition – Dover Marketplace, Pennsylvania
Portfolio Optimisation & Capital Recycling DPU Accretive Acquisition – Dover Marketplace, Pennsylvania • Acquired Dover Marketplace in Dover, Pennsylvania for US$16.4 million, which is approximately 4.8% below the independent valuation of US$17.2 million • Dover Marketplace is a freehold property, w
Slide 19: New Development of 5,000 sq ft Store for Florida Blue at St. Lucie West
Portfolio Optimisation & Capital Recycling New Development of 5,000 sq ft Store for Florida Blue at St. Lucie West A 5,000 sq ft store to be developed for Florida Blue, a new tenant that recently signed a 10 year lease. The store will be located in front of the Academy Sports Store which was complet
Slide 20: Proactive Portfolio and Asset Management Continue to Yield Results
Portfolio Optimisation & Capital Recycling Proactive Portfolio and Asset Management Continue to Yield Results DPU Trending Higher for Two Consecutive Periods New Tenants Commenced Operations DPU (US Cents) +4.0% 2.09 2.05 2.01 1H 2024 2H 2024 1H 2025 August 2024: Dick’s Sporting Goods November 2024:
Slide 21: Significant Progress in Capital Recycling Strategy
Portfolio Optimisation & Capital Recycling Significant Progress in Capital Recycling Strategy Successful Capital Recycling into Higher Yielding Assets Lower Financing Cost Divestment Acquisition 2.01 ✓ Benefitting from SOFR reduction of 1% in Q4 2024 Divested Lowe’s and Sam’s Club properties Acquire
Slide 22: Portfolio Update
Portfolio Update Upland Square, Pennsylvania
Slide 23: The Storefront Advantage in a Digital World
Portfolio Update The Storefront Advantage in a Digital World Omnichannel is the New Normal Physical Stores are Critical to Retailers According to a recent report by The Food Industry Association, over 90% of shoppers now engage in both in-store and online purchasing, highlighting the continued rise
Slide 24: Resilient Portfolio with a Diversified Tenant Base Led by Leading Grocers
Portfolio Update Resilient Portfolio with a Diversified Tenant Base Led by Leading Grocers Top 10 11% BB+2 5.6% 8.5% 6.7% BBB+2 4.1% A2 Tenants1 3.1% 2.9% AA2 – 5.3% LA Fitness 2.9% 2.9% 2.4% BBB2 Grocer & Retail Food & Beverage Services Other Notable Tenants 1. Based on base rental income of Grocer
Slide 25: Occupancy at Self-Storage Properties Remained High
Portfolio Update Occupancy at Self-Storage Properties Remained High Carteret Self-Storage 100 94.2 95.8 88.1 94.7 92.4 94.6 91.3 95.6 93.2 94.6 30 UHREIT’s two Self-Storage properties, Carteret and 80 25 Millburn Self-Storage, 60 20 increased occupancy by 40 approximately 2% during the 15 20 first h
Slide 26: Anchor Tenants' Sales Remain Healthy
Portfolio Update Anchor Tenants’ Sales Remain Healthy Sales Sales 5.1% y-o-y1 4.5% y-o-y1 Contributing Contributing 2.9% of rental2 2.9% of rental2 Walmart: U.S. comparable sales excluding fuel grew 4.5% y-o-y in Q1 2026, Publix Super Markets, Inc: Publix reported a 6.0% y-o-y increase in comparable
Slide 27: Resiliency in Self-Storage and Strip Center Property Values
Portfolio Update Resiliency in Self-Storage and Strip Center Property Values % Change in Green Street Commercial Property Price Index from June 2020 to June 2025 • Green Street Commercial Property Price Index is a time series of unleveraged U.S. commercial property values that captures the prices at
Slide 28: Our Commitment Towards Sustainability
Portfolio Update Our Commitment Towards Sustainability Environmental Stewardship People & Community • In July 2025, UHREIT was honored Install LED lightings in with the 'Company of Good – 3 two additional properties Hearts' recognition by the National Volunteer and Philanthropy Centre, in acknowledg
Slide 29: Investment Merits
Investment Merits St Lucie West, Florida
Slide 30: Key Milestones and Accolades
Investment Merits Key Milestones and Accolades Indices Inclusion SGX Fast Track Awards & Progress ✓ Awarded in The Edge Singapore’s Centurion Club Awards 2024, under the REITs sector for • Highest Growth in Profit After Taxes over ✓ FTSE ST Small-Cap Index ✓ Included in the SGX Fast three years and
Slide 31: UHREIT's Growth Driven by Multiple Drivers
Investment Merits UHREIT’s Growth Driven by Multiple Drivers Occupancy Accretive Growth via Acquisitions Improving portfolio occupancy to Pro-active Capital Recycling with four DPU increase Revenue and NPI. Leases are accretive Acquisitions (US$180.4 million) and largely triple net with tenants reim
Slide 32: Why Invest in United Hampshire US REIT
Investment Merits Why Invest in United Hampshire US REIT Strong and Reputable • UOB Global Capital, an asset management subsidiary of UOB with US$4.1 billion AUM 1 Sponsors • The Hampshire Companies, a U.S. based real estate specialist with over 60 years track record High Quality Assets with • 21 Gr
Slide 33: Appendix
Appendix Wallington ShopRite, New Jersey
Slide 34: Reputable Sponsors – UOB Global Capital & The Hampshire Companies LLC
Appendix Reputable Sponsors – UOB Global Capital & The Hampshire Companies LLC >60 year track record A Synergistic Long-Term Partnership >20 year track record ~170 properties >15 year partnership >US$3.4b AUM US$4.1b AUM 3 co-managed funds >14.0 million sq ft retail space owns and/or operates 3 co-i
Slide 35: Resilient Portfolio of Necessity-based properties on the U.S. East Coast
Appendix Resilient Portfolio of Necessity-based properties in the populous & affluent U.S. East Coast 19 Grocery & Necessity and 3.5 million sq ft NLA 97.9%1 Freehold Properties 2 Self-Storage Properties US$731.7 million AUM 7.6 years WALE NEW YORK Grocery & Necessity 97.2% and 95.3% occupancy 6 Pro
Slide 36: Proactive Portfolio and Asset Management Track Record
Appendix Proactive Portfolio and Asset Management Track Record 2024 Strategic Divestment 17.5% Above 2023 Purchase Price • Lowe’s and Sam’s Club properties 2021 2022 Strategic Divestment within Hudson Valley Plaza 7.7% Above Purchase (US$36.5 mill, 245k sq ft) 2020 Accretive Acquisition Price Constr
Slide 37: Locations of UHREIT's Self-Storage Properties
Appendix Locations of UHREIT’s Self-Storage Properties • Undersupply of Self-Storage facilities in New York Metro Area Newark Liberty Manhattan Int’l Airport Jersey City Millburn Self-Storage • Regional access to New Statue of York City and metropolitan Port Newark Liberty Brooklyn areas via major h
Slide 38: Trust Structure
Appendix Trust Structure Unitholders Tax Efficient Structure Ownership of Units Distributions Trustee Services Management Services • No U.S. corporate tax (21%) and U.S. Trustee REIT Manager withholding tax (30%) Trustee Fees Management Fees • No Singapore corporate tax (17%) and withholding tax (10
Slide 39: Acquisition of Grocery-Anchored Assets
Appendix Acquisition of Grocery-Anchored Assets Colonial Square Penrose Plaza Upland Square Dover Marketplace Location Virginia Pennsylvania Pennsylvania Pennsylvania Acquisition Date November 2021 November 2021 July 2022 August 2025 Land Tenure Freehold Freehold Freehold Freehold NLA (Sq Ft) 168,52
Slide 40: Asset Enhancement and Development
Appendix Asset Enhancement and Development Construction of Construction of St. Lucie West Expansion Academy Sports + Outdoors at Perth Amboy Self-Storage Publix Super Market St. Lucie West Location New Jersey Florida Florida January 2021 Construction Completion March 2021 November 2023 (Divested in
Slide 41: Opportunistic Divestments
Appendix Opportunistic Divestments Elizabeth and Lowe’s and Sam Club Big Pine Perth Amboy properties within Albany - Supermarket Center Self-Storage Hudson Valley Plaza Location New Jersey Florida New York New York Divestment Date June 2022 August 2023 August 2024 January 2025 Divestment US$45.5 mil
Slide 42: Thank You
42 Thank You UHREIT Website Follow us on LinkedIn Icon Description automatically generated For enquiries, please contact: Ms Wong Siew Lu, CFA, CA (Singapore) https://www.uhreit.com/ Head of Investor Relations and Sustainability https://www.linkedin.com/company/uhreit/ Email: IR@uhreit.com 80 Raffle
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