Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — Investor Presentation (August 2025)
36 slides from Sunway Real Estate Investment Trust's investor presentation, Aug 12, 2025
Slide 1: Sunway REIT Corporate Presentation
Sunway REIT Corporate Presentation 12 August 2025 Empowering Businesses • Curating Experiences • Enriching Lives
Slide 2: Overview of Sunway REIT
Section A Overview of Sunway REIT Section B Strategy Section C Financial Section D Capital Management Section E Sustainability Section F Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 2
Slide 3: One Of The Largest Diversified REITs In Malaysia
One Of The Largest Diversified Real Estate Investment Trusts (REITs) In Malaysia Property Value at IPO RM3.5 billion Total Acquisitions (net of disposal) since IPO1 RM3.2 billion Perak Fair Value Gain RM1.8b, AEIs AEON Mall Seri Manjung & Property Development since IPO1 RM4.0 billion Industrial & Ot
Slide 4: Portfolio At A Glance (FY2024)
Portfolio At A Glance (FY2024) Revenue Net Property Income Property Value 1% 2% 2% 5% 7% 6% 11% 9% 9% Portfolio by Portfolio by Portfolio by 13% Revenue Net Property Income Property Value 16% 18% RM757 million1 RM559 million1 RM10.5 billion2 66% 65% 70% Retail Hotel Office Services Industrial and Ot
Slide 5: Key Performance Indicators YTD Q2 2025 / YoY %
Key Performance Indicators YTD Q2 2025 / YoY % RETAIL 1 HOTEL 2 OFFICE 3 Occupancy Occupancy + 2% - 2% Average gross YTD Q2 2025: 97% YTD Q2 2025: 60% Occupancy rent YTD Q2 2024: 95% YTD Q2 2024: 62% FY2024: 98% FY2024: 65% - 2% - 1% YTD Q2 2025: 82% YTD Q2 2024: 84% Average gross Average room FY202
Slide 6: Strategy
Section A Overview of Sunway REIT Section B Strategy Section C Financial Section D Capital Management Section E Sustainability Section F Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 6
Slide 7: Recalibrating Transcend 2027
Recalibrating Transcend 2027 Defining Targets Primary Targets: o Annual Total Return Focused Growth o Premium-to-NAV Core Sector Focus: o Refocusing on the Secondary Targets: core sectors o 5-year average o Leveraging on Growing Portfolio Size retail strength total return Growing property o DPU CAGR
Slide 8: Building a Diversified Retail Portfolio with Enhanced Income Resilience
Building a Diversified Retail Portfolio with Enhanced Income Resilience Super-Regional Malls Regional Malls Neighbourhood Malls Big-Box Retail Local & Population within Population within Population within Target market & international tourists 50km 20km 10km net lettable area NLA > 1 million sq.ft.
Slide 9: Key Strategies
Key Strategies Diversified REIT Leverage on unique Organic Growth / strengths across Asset Enhancement retail sector Initiatives Key Strategies Embrace sustainability Opportunistic yield (Environment, Social, accretive acquisitions Governance) Sponsor Pipeline Assets Empowering Businesses • Curating
Slide 10: Organic Growth via Rental Reversion & Increasing Occupancy
Organic Growth via Rental Reversion & Increasing Occupancy Average Rental Reversion & Weighted Average Lease Expiry (WALE) Average Rental Reversion 6.4% 1 ¹ Increase in three years including step-up rent Empowering Businesses • Curating Experiences • Enriching Lives 10
Slide 11: Enhancing Portfolio's Existing Assets Through AEIs
Enhancing Portfolio’s Existing Assets Through AEIs (RM1.0 bil in 2024) Sunway Hotel Sunway Putra Sunway Resort Hotel Ballroom and Sunway Carnival Mall Sunway Resort Hotel New Wing Refurbishment Sunway Pyramid Mall Seberang Jaya Function Rooms Refurbishment Oasis RM17 mil RM460 mil RM55 mil RM440 mil
Slide 12: Enhancing Value Through Active Asset Enhancement Initiatives
Enhancing Value Through Active Asset Enhancement Initiatives Asset Enhancement Initiatives (AEI) / Project period Capital Expenditure Property Development (PD) Space Reconfiguration at Sunway Pyramid Mall - Q4 2023 – Q4 2024 RM190 million Oasis Refreshing Sunway Carnival Mall Q3 2023 – Q3 2025 RM360
Slide 13: AEI success – Transformation and Rebranding for Sunway Resort Hotel
AEI success – Transformation and Rebranding for Sunway Resort Hotel First GreenRE Platinum hotel in Malaysia A transformed ARR per night doubled from RM300 to RM600 5-star hotel located in the heart of More room options introduced, coupled with world-class facilities Sunway City Kuala Lumpur Sustain
Slide 14: Sunway Carnival Mall – Green Field Development Capability Unlocked
Sunway Carnival Mall – Green Field Development Capability Unlocked NLA Sales/sqf Car count increased Parking Bays increased by improved by from approx. >3,000 2x 455,000 sqf to (from 1,000) (dedicated 770,000 sqf 50% ramp) 270 5-year GreenMark tenants ARR Gold Plus & (2025) improved GreenRE from 198
Slide 15: New Oasis of Income – Optimising a Low-Yielding Precinct
New “Oasis” of Income – Optimising a Low-Yielding Precinct Average Rental Rate Completion Date > RM16 psf 1 November 2024 Pre-reconfiguration: RM6 psf Committed Occupancy NLA (After): Oasis Exterior 260,000 sq.ft. > 99% NLA (Before): 320,000 sq.ft. Invigorating Tenancy Mix Oasis Interior Oasis Ent
Slide 16: Accelerating Growth with Acquisitions
Accelerating Growth with Acquisitions Sunway Medical Wisma Sunway REIT Sunway Sunway Sunway Medical Centre Sunway Industrial – university and Pier Centre Sunway 163 Sunway Kluang IPO (Tower A & B) Shah Alam 1 college campus (Tower A & B) Mall Mall 8 Assets RM313 mil RM61 mil RM92 mil RM556 mil RM37
Slide 17: A Giant Acquisition: Case Study
A Giant Acquisition: Case Study 1) Immediate fair value gain RM81 million ➢ Confirmed lease extensions to 2039 (Kinrara and Putra Heights) and removal of break options to 2030 for Ulu Kelang, Klang and Plentong Purchase Consideration: RM520 million ➢ Securing commitment to stay at USJ1 till 2028 Mar
Slide 18: 2024: Pursuing Opportunistic Acquisitions Across Sectors
2024 : Pursuing Opportunistic Acquisitions Across Sectors Prai Industrial Sunway 163 Mall Sunway Kluang Mall Bukit Tengah Industrial Park, Location Prai, Penang Location Mont Kiara, Kuala Lumpur Location Kluang, Johor Purchase Purchase Purchase RM66.8 million RM215 million RM158 million Consideratio
Slide 19: 2025: Pursuing Opportunistic Acquisitions Across Sectors
2025 : Pursuing Opportunistic Acquisitions Across Sectors AEON Mall Seri Manjung Location Manjung, Perak Purchase Price RM138 million Lease Period Up to 2037 Age of Building 12 years Land tenure Freehold Land area 30.25 acres Gross floor area 681,570 sqf. NLA 427,919 sqf 6.5% (Initial) or 6.9% (aver
Slide 20: 2025: Opportunistic Asset Recycling
2025 : Opportunistic Asset Recycling Sunway university & college campus Location Sunway City Kuala Lumpur Sunway Education Group Sdn. Bhd. and its Tenant relevant subsidiaries Land size 16.8 acres / 733,246 sq. ft. 1,880,245 sq. ft. Gross Floor Area Campus GFA – 1,459,134 sq. ft. Car Park GFA – 421,
Slide 21: Financial
Section A Overview of Sunway REIT Section B Strategy Section C Financial Section D Capital Management Section E Sustainability Section F Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 21
Slide 22: Portfolio Value Creation - Financials
Portfolio Value Creation - Financials Historical Performance 900 Revenue (million) NPI (million) DPU (sen) 25.00 767 7% CAGR 800 716 20.00 700 651 580 7% CAGR 600 560 570 523 540 527 507 15.00 472 500 500 453 440 416 428 420 406 389 400 400 374 327 341 323 309 321 10.00 299 3% CAGR 300 9.57 9.59 10.
Slide 23: Total Unitholder's Return since IPO
Total Unitholder’s Return since IPO Total Unitholder’s Return Sunway REIT 106% 232% (July 2010 – December 2024) FBM Emas 45% FBM KLCI 21% July 2010 FP2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FP2021 FY2022 FY2023 FY2024 IPO FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 F
Slide 24: Robust Financial Performance QTD & YTD Q2 2025
Robust Financial Performance QTD & YTD Q2 2025 Growth Indicators Q2 2025 YTD Q2 2025 Financial Strength Q2 2025 Q2 2024 Q4 2024 Y-o-Y Y-o-Y 1 Investment 10,650 9,663 10,455 Revenue 20% 22% Properties (RM’000) NPI 20% 20% TAV (RM’000) 11,203 9,887 10,803 Realised Profit 30% 25% Total Borrowing 4,616
Slide 25: Capital Management
Section A Overview of Sunway REIT Section B Strategy Section C Financial Section D Capital Management Section E Sustainability Section F Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 25
Slide 26: Proactive Capital Management
Proactive Capital Management Total Borrowings, Average Cost of Debt and OPR 4.54 4.45 3.93 3.93 3.95 3.98 4.02 3.89 3.88 3.77 3.85 3.80 3.66 2.98 2.79 3.25 3.25 3.25 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2.75 1.75 1.75 4,467 4,616 3,445 3,405 3,537 3,636 2,903 3,091 2,142 2,176 2,344 1,573 1,
Slide 27: Diversified and Strengthened Financing Profile (June 2025)
Diversified and Strengthened Financing Profile (June 2025) Available Debt Headroom RM950m Ratings AA1 (MTN Secured) / AA2 (Corporate / MTN Unsecured) / A1 (Perpetual) / P1 (CP) ISCR 3.5x Total Gross Debt / Gearing RM4,616m / 41.2% Total Perpetual Notes Issued RM500m / 4.5% of TAV Blended Borrowing R
Slide 28: Sustainability
Section A Overview of Sunway REIT Section B Strategy Section C Financial Section D Capital Management Section E Sustainability Section F Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 28
Slide 29: Sustainability Goals 2030
Sustainability Goals 2030 Empowering Businesses • Curating Experiences • Enriching Lives 29
Slide 30: Sustainability Goals vs Performance 2024
Sustainability Goals vs Performance 2024 Empowering Businesses • Curating Experiences • Enriching Lives 30
Slide 31: Sustainability Highlights – FY2024
Sustainability Highlights – FY2024 37% of our RM 4.5 billion of our portfolio’s GFA borrowing facilities Aligned with (Total 8 properties) are secured through IFRS S2 are Green certified sustainable finance Climate-related (FY2023 : 35%) commitment Disclosures More than 98% of 30% of our Established
Slide 32: Awards 2024 Awards 2025
Awards 2024 Awards 2025 The 9th Annual REITS and Real Estate Investment The Asset Triple A Sustainability Finance Award 2025 Summit Asia Pacific 2024 (Hong Kong) PLATINUM AWARD – Best Retail REIT (Malaysia, USD 1 Best Sustainability Link Bond (Malaysia) – RM500m ringgit Billion and Above) dual tranc
Slide 33: Key Takeaways
Section A Overview of Sunway REIT Section B Strategy Section C Financial Section D Capital Management Section E Sustainability Section F Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 33
Slide 34: Key Takeaways
Key Takeaways Empowering Businesses • Curating Experiences • Enriching Lives 34
Slide 35: Thank You
Thank You For further information on this presentation kit, please kindly contact: Sunway REIT Management Sdn Bhd (Manager of Sunway REIT) Email: irsunreit@sunway.com.my Contact: (603) 5639 9645 Website: http://www.sunwayreit.com Empowering Businesses • Curating Experiences • Enriching Lives 35
Slide 36: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Sunway Real Estate Investment Trust (“Sunway REIT”) and no part of it shall form the basis of, or be relied on in conn
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