United Hampshire Us Real Estate Investment Trust · SGX:ODBU
United Hampshire Us Real Estate Investment Trust — United Hampshire US REIT — Shareholder Meeting (April 2024)
30 slides from United Hampshire Us Real Estate Investment Trust's shareholder meeting presentation, Apr 22, 2024
Slide 1: Asia's First U.S. Grocery-Anchored Shopping Center & Self-Storage REIT
Asia’s First U.S. Grocery- Anchored Shopping Center & Self-Storage REIT Annual General Meeting 22 April 2024
Slide 2: Important Notice
Important Notice This presentation is for information only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for the Units in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in c
Slide 3: Introduction
Introduction Upland Square, Pennsylvania
Slide 4: Portfolio of Grocery & Necessity Assets Across 8 States
Introduction Portfolio of 20 Grocery & Necessity and 22 Assets Across 8 States Focused on the East Coast 2 Self-Storage Properties NLA: 3.8 million sq ft NEW YORK – G&N NEW YORK Total Property Value1: US$ 763.4 million Name City %1 Grocery & Necessity MASSACHUSETTS – G&N Garden City Sq. - BJ’s 7 Pro
Slide 5: Reputable Sponsors – UOB Global Capital & The Hampshire Companies
Introduction Reputable Sponsors – UOB Global Capital & The Hampshire Companies LLC >60 year track record A Synergistic Long-Term Partnership >20 year track record 180 properties >10 year partnership US$3.7b AUM >US$1.7b AUM 3 co-managed funds >13.5 million sq ft retail space owns and/or operates 3 c
Slide 6: Successful Execution of Portfolio Management and Growth Strategy Since IPO
Introduction UHREIT’s Successful Execution of Pro-Active Portfolio Management and Growth Strategy Since IPO UHREIT AUM 30.6% Since IPO IPO FY 2021 FY 2022 FY 2023 Current Construction Acquisition Construction 12 March 2020 • Perth Amboy Self-Storage • Academy Sports Store, Port • FY 2023 AUM - Accre
Slide 7: U.S. Market Update
U.S. Market Update UNITED-H: NUPSHIRE a
Slide 8: U.S. Economy Remains Strong in the Face of Economic Headwinds
U.S. Market Update U.S. Economy Remains Strong in the Face of Economic Headwinds 2023 year-on-year Real GDP growth: +2.5%1 • U.S. real GDP growth rate stabilised at an annual rate of 3.4% in 4Q 2023, decreasing from 4.9% in 3Q 20231 March 2024 Unemployment Rate: 3.8%2 • The U.S. labor market defies
Slide 9: U.S. Consumer Spending Remains Resilient
U.S. Market Update U.S. Consumer Spending Remains Resilient Retail Sales 1Q 2024 Retail Sales March 2024 Grocery Sales March 2024 Discretionary Sales2 March 2024 +2.1% +4.0% +1.1% -1.4% year-on-year1 year-on-year1 year-on-year1 year-on-year1 U.S. retail sales rose for the second month in a row • Spe
Slide 10: FY 2023 Key Highlights
FY 2023 Key Highlights Colonial Square, Virginia
Slide 11: Resilient Portfolio Providing Non-Discretionary Goods and Services
FY 2023 Key Highlights Resilient Portfolio Providing Non-Discretionary Goods and Services Portfolio Valuation +4.7% High tenant Minimal lease 97.4% committed Long WALE of Portfolio valuation retention rate of rollover with only occupancy for Grocery & 7.1 years1 for increased 4.7%3 92% since IPO 2.2
Slide 12: Portfolio Valuation Increased 4.7% Y-o-Y on a Like for Like Basis
FY 2023 Key Highlights Portfolio Valuation Increased 4.7% Y-o-Y on a like for like basis1 Portfolio Appraised Value (US$ million) 20 Grocery & Necessity 21 Grocery & 2 Self-Storage ✓ UHREIT’s portfolio valuation increased 4.7% Y-o-Y on a Necessity like for like basis1 2 Self-Storage ✓ Despite higher
Slide 13: New Development Updates
FY 2023 Key Highlights New Development Updates Publix Academy Sports Academy Sports aerial view Academy Sports aerial view Academy Sports + Outdoors at Port St. Lucie, Florida ✓ Expansion on existing excess land, a new 63,000 sq ft store was constructed and leased to Academy Sports on a 15-year leas
Slide 14: Key Leasing Updates
FY 2023 Key Highlights Key Leasing Updates 4Q 2023 Key Leasing Highlights Strong Leasing Momentum Continues into 1Q 2024 ✓ Wakefern (ShopRite) in Albany, New York ✓ Executed lease renewals totalling assigned its lease to Price Chopper 135,000 sf with LA Fitness at three properties: ✓ Price Chopper h
Slide 15: Strong Growth in Gross Revenue and Net Property Income
FY 2023 Key Highlights Strong Growth in Gross Revenue and Net Property Income Gross Revenue Net Property Income Distributable Income Distribution Per Unit (US cents) +7.1% +7.6% -3.6% 5.88 5.54 US$ 31.9 mil Management Fee US$1.5 mil Management Fee in Cash and In Cash for 2H2023 0.75 Retained US$72.2
Slide 16: FY 2023 Financial Results
FY 2023 oS Financial Results UNITED-H: NUPSHIRE ee
Slide 17: Prudent Capital Management with Well-Spread Debt Maturity Profile
FY 2023 Financial Results Prudent Capital Management with Well-Spread Debt Maturity Profile Adjusted Debt Maturity Profile No refinancing requirements Assuming Extension Option is Exercised (US$ million) until November 20261 176.9 No Refinancing Requirement Long weighted average debt Sensitivity to
Slide 18: Attractive Dividend Yield and Price-to-Book Ratio
FY 2023 Financial Results Attractive Dividend Yield and Price-to-Book Ratio Comparative Yields (%) UHREIT was Named as the 2nd Best Performing S-REIT by The Business Times Clocking in a Total Return of 22.7%6 370bps 11.0% 570bps UHREIT Price-to-Book Ratio5 710bps 790bps 0.59 7.3% 5.3% 3.9% 3.1% UHRE
Slide 19: Portfolio Update
UNITED-H#MPSHIRE
Slide 20: Consistently High Committed Occupancy for Grocery & Necessity Properties
Portfolio Update Consistently High Committed Occupancy for Grocery & Necessity Properties Grocery & Necessity Properties Committed Occupancy (%) High tenant retention rate of 92.0% since IPO 96.9 97.0 97.9 97.2 97.4 100 80 4Q 2023 FY 2023 60 40 20 NLA NLA No. No. (Sq Ft) (Sq Ft) 0 31-Dec-22 31-Mar-2
Slide 21: Diversified and High-Quality Tenant Base
Portfolio Update 21 Diversified and High-Quality Tenant Base Top 10 Tenants1 Trade Sector Breakdown2 Financial Others Services Auto Supply 1.1% 2.0% 0.7% Fitness Dental Services Discounter/Outlet 5.9% 0.7% 6.4% 36.0% Grocery and Self Storage Wholesale 6.6% Food and 8.3% Beverage ✓ Anchored by large
Slide 22: Occupancy at Self-Storage Properties Remains High
Portfolio Update Occupancy at Self-Storage Properties Remains High Carteret Self-Storage Occupancy rates and 100 94.2 95.8 94.7 92.4 94.6 91.3 30 average quarterly net 88.1 rental rates remained 80 25 high for both Carteret 60 20 and Millburn Self- 40 Storage despite some 15 normalization across 20
Slide 23: Our ESG Goals and Journey
Portfolio Update Our ESG Goals and Journey Environmental Stewardship People & Community ✓ Surpassed UHREIT’s target of 100 hours of staff volunteerism in FY2023, clocking in 112 Hours ✓ Engaged with local communities in Singapore and USA for volunteering efforts Install LED lighting Engage top 10 te
Slide 24: Outlook
UNITED-H#MPSHIRE “se
Slide 25: Resiliency in Self-Storage and Strip Center Property Values
Outlook Resiliency in Self-Storage and Strip Center Property Values % Change in Green Street Commercial Property Price Index from June 2020 to December 2023 • Green Street Commercial Property Price Index is a 60% time series of unleveraged U.S. commercial property values that captures the prices at
Slide 26: Omnichannel Retailing – Leveraging Customer Experience
Outlook Omnichannel Retailing – Leveraging Customer Experience OMNICHANNEL RETAILING Buy in Store Curbside Pickup for Buy Online Pickup in Store Micro-Fulfilment of Consumers to Return/ Online/App Orders (BOPIS) Online/App Orders Exchange Goods • Retailers are increasingly data-dependent and searchi
Slide 27: Grocery & Necessity Retail Sector Continues to Demonstrate Resiliency
Outlook Grocery & Necessity Retail Sector Continues to Demonstrate Resiliency 1 Grocery & Necessity Retail Sector Low vacancy rates and lack of new supply keeping negotiating power on the landlord's side1 • Vacancy rates near all-time lows and high tenant retention rates1 • Minimal new supply and ex
Slide 28: Investment Merits
Investment Merits UNITED-H#MPSH IRE
Slide 29: Why Invest in United Hampshire US REIT
Investment Merits Why Invest in United Hampshire US REIT Stable Cashflows Yield & Growth • Grocery & Necessity and Self-Storage • Exposure to strong US Consumer sector properties are generally considered cycle- improving employment situation and rising agnostic and not as vulnerable to cyclical cons
Slide 30: Thank You
30 Thank You UHREIT Website Follow us on LinkedIn 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 Raffles Place #28-21 UOB Plaza 2 Singapore 0486
United Hampshire US REIT — Shareholder Meeting (April 2024) on 6ix