Esr Kendall Square Reit Co., Ltd. · KRX:365550
Esr Kendall Square Reit — H2 2025 Earnings Presentation
9 slides from Esr Kendall Square Reit's earnings presentation, Feb 26, 2026
Slide 1: ESR Kendall Square REIT 2H 2025 Financial Results
5 ESR KENDALLSQUARE ESR KENDALL SQUARE REIT 2H 2025 Financial Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by ESR Kendall Square REIT Co., Ltd. (the “Company”) solely for informational purposes in its presentation to prospective investors held in connection with the proposed offering (the “Offering”) of common shares of the Company (the “Securities”). The in
Slide 3: FY2025 (FY11+FY12) Performance Snapshot
FY2025(FY11+FY12) Performance Snapshot 2025 Leasing Highlights 2025 Rights Offering & Refinancing Results
Slide 4: FY12 (2H 2025) Financial Results
FY12 (2H 2025) Financial Results + Operating Revenue: Rental income growth driven by full-period contribution from newly acquired asset (HoH, YoY) + Operating Expenses: Impacted by seasonal taxes and one-off acquisition-related expenses. + Net Income: Recognized a one-off non-cash loss from disposal
Slide 5: 2H 2025 (FY 12) NOI & FFO
2H 2025 (FY 12) NOI & FFO + Gross Revenue(rental income): KRW 67.3bn, down on the August disposal and a timing gap from the November acquisition. + NOI: KRW 55.1bn, resilient despite one-offs including property taxes and transaction costs. + FFO and cash: Cash KRW 171.4bn; DPS KRW 276, supported by
Slide 6: Appendix
Ost (NOALL SQUARE SECTION IL Appendix ESR KENDALLSQUARE REIT
Slide 7: Investment Structure
Investment Structure ESR Kendall Square REIT Holding ESR Kendall Square CPP Investment Others 6.42% 3.84% 21.52% 67.52% 0.70% Kendall Square REIT Management Asset management 21 KRW 3 trn KRW 276 6.3% Assets AUM DPS Div. Yield 100.0% 100.0% 100.0% REFs Subsidiary K-REIT No.1 Subsidiary K-REIT No.2 Su
Slide 8: Portfolio Operational Metrics
Portfolio Operational Metrics + Prudent Capital Structure: Strategically managed LTV at 53% through proactive capital recycling and rights offerings + Interest Rate Upside: 89% floating-rate debt exposure to maximize earnings recovery as rates decline + Sector Resilience: 72% exposure to high-growth
Slide 9: ESR KS REIT Portfolio Overview
ESR KS REIT Portfolio Overview + Korea’s Premier Pure-Play Logistics Portfolio: Secured deep expertise through a portfolio of 21 state-of-the-art prime assets. + Prime Location Advantage: Dominant individual asset value driven by a strategic focus on core submarkets within the Seoul Metropolitan Are
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