Prosperity Real Estate Investment Trust · HKEX:808
Prosperity Real Estate Investment Trust — H1 2026 Earnings Presentation
23 slides from Prosperity Real Estate Investment Trust's earnings presentation, August 2026
Slide 1: Interim Results
Interim Results For the half year ended 30 June 2026 August 2026
Slide 2: Disclaimer
Disclaimer This document was prepared by ESR Asset Management (Prosperity) Limited, in its capacity as the manager (“REIT Manager”) of Prosperity Real Estate Investment Trust (“Prosperity REIT”) solely for use at the presentation to analysts in relation to the announcement of the results of Prosperi
Slide 3: Table of Contents
Table of Contents Results Highlights Financial Review Operations Review Key Takeaways Appendix Prosperity REIT 2026 Interim Results Presentation 3
Slide 4: Results Highlights
Results Highlights The Metropolis Tower Prosperity REIT 2026 Interim Results Presentation 4
Slide 5: Financials
1. Financials Revenue Net Property Distributable Distribution Income Income Per Unit 2.7% 1.2% 2.0% 3.8% HK$200.3m HK$205.8m HK$151.2m HK$153.1m HK$92.1m HK$90.2m HK$0.0563 HK$0.0585 1H26 1H25 1H26 1H25 1H26 1H25 1H26 1H25 Tenant Occupancy Cost-to- Average Retention Rate revenue Effective Rate (as a
Slide 6: Returns
2. Returns ● 100% payout ratio and around 180%1 total return since listing. ● Resilient investment tool amid challenging market conditions. Attractive yield 2 7.8% 4.6% 3.3% 3.2% Prosperity REIT's HS Property Index HSI Dividend Yield HK 10-year Gov't Dividend Yield Dividend Yield Bond Yield Notes: 1
Slide 7: Financial Review
Financial Review Prosperity Millennia Plaza Prosperity REIT 2026 Interim Results Presentation 7
Slide 8: Income Statement
1. Income Statement 1H26 1H25 (HK$’000) (Unaudited) (Unaudited) Revenue fell by 2.7% mainly due to continuous pressure from vacant stock Revenue 200,294 205,763 and rent levels in office market. Total property operating expenses (49,093) (52,688) Net property income 151,201 153,075 NPI fell by 1.2%.
Slide 9: Financial Position
2. Financial Position As at As at Change 30 Jun 2026 31 Dec 2025 (Unaudited) (Audited) All bank loan facilities are Total assets (HK$’m) 9,290.1 9,284.5 0.1% unsecured with no investment properties pledged. Borrowings1 (HK$’m) 2,444.6 2,437.1 0.3% Interest Cost4 Other liabilities (HK$’m) 564.8 562.3
Slide 10: Capital Management
3. Capital Management • Total debt facilities amount to HK$2,830M with evenly spread maturity profile. • Completed refinancing of HK$800M term loan due in 2026. Interest margin stay stable. • All debt facilities continue to be sustainability-linked. • Interest coverage ratio is 3.3 times.1 Debt Matu
Slide 11: Portfolio Valuation
4. Portfolio Valuation Valuation by Property Type Industrial As at 30 Jun 2026 HK$346m 3.8% ● Balanced portfolio with Grade A office, Industrial/Office HK$1,903m commercial, industrial/office and industrial 20.7% buildings all in Hong Kong. ● Portfolio valuation unchanged at HK$9,213m Grade A Office
Slide 12: Operations Review
Operations Review 9 Chong Yip Street Prosperity REIT 2026 Interim Results Presentation 12
Slide 13: Property Income
1. Property Income Revenue Net Property Income (NPI) New Treasure Centre New Treasure Centre HK$8.9m HK$6.3m Prosperity Center Prosperity Center HK$18.2m HK$13.1m The Metropolis Tower 4.1% 4.4% HK$59.7m 9.1% The Metropolis Tower 8.7% HK$46.5m 29.8% Trendy Centre 30.8% Trendy Centre HK$24.3m HK$17.8m
Slide 14: Occupancy Rates
2. Occupancy Rates (As at 30 Jun 2026) The Metropolis Tower 99.1% Prosperity Millennia Plaza 90.1% 9 Chong Yip Street 94.0% Prosperity Place 91.5% Trendy Centre 92.6% Prosperity Center (portion) 95.9% New Treasure Centre (portion) 97.1% Portfolio 94.2% Prosperity REIT 2026 Interim Results Presentati
Slide 15: Solid Tenant Base Foster Resilient Performance
3. Solid Tenant Base Foster Resilient Performance • Well-balanced tenant base across multiple industries. • Low tenant concentration risk with no individual tenant contributed to more than 2.5% of portfolio GRA or GRI. • Prosperity Place’s retail service trade share of building GRA was 70%, driven b
Slide 16: ESG Achievements
ESG Achievements Green Building Certificates Green Recognitions ✓ BEAM Plus (Comprehensive), Platinum ✓ GHG reduction targets approved by SBTi - Prosperity Place - 2030 targets (vs. 2021 base) - The Metropolis Tower • Scope 2 - ↓ 42% - Prosperity Millennia Plaza • Scope 3 - ↓ 25% - Long term 2050 ta
Slide 17: Key Takeaways
Key Takeaways Prosperity Place Prosperity REIT 2026 Interim Results Presentation 17
Slide 18: Key Takeaways
Key Takeaways 1. Distribution per unit (DPU) decreased by 3.8% Y-o-Y ● Annualized distribution yield of 7.8%1. ● Maintained 100% payout ratio since listing. 2. Revenue and NPI decreased by 2.7% and 1.2% Y-o-Y respectively. Portfolio occupancy rate remained solid at 94.2% ● Revenue decline mainly due
Slide 19: Appendix
Appendix Prosperity REIT 2026 Interim Results Presentation 19
Slide 20: Key Milestones since IPO
Key Milestones since IPO Disposed of Harbourfront Acquired 9 Chong Yip Unit buyback to First Green and Landmark Property for Street for approx. HK$1 return capital to Transition Loan in Listed on Hong Kong Stock approx. HK$0.88 billion, billion, expanding our unitholders and Hong Kong real Exchange
Slide 21: Portfolio Map
Portfolio Map The Metropolis Trendy Centre (TC) Tower (MT) 1 5 Total Gross Rentable Area: 1.28m sq. ft. GRA: 271,418 sq. ft. GRA: 173,764 sq. ft. Prosperity Millennia Prosperity Center Plaza (PMP) 2 Property (PC) 6 GRA: 217,955 sq. ft. GRA: 149,253 sq. ft. CBD2 9 Chong Yip Street New Treasure Centre
Slide 22: Key Facts
Key Facts Key Facts as at 30 June 2026 IPO Date 16 Dec 2005 Unitholder Structure IPO Price HK$2.16 REIT Free 7.8% CKAH Manager & Float Directors Indicative Yield (annualized based on 1H26 DPU of HK$0.0563 and closing unit price of HK$1.44 as at 30 Jun 2026) 75.2% 17.2% 7.6% Number of Issued Units 1,
Slide 23: Contacts
Contacts ESR Asset Management (Prosperity) Limited (as manager of Prosperity REIT) Ms. Mavis Wong Chief Executive Officer Mavis.Wong@esr.com Mr. Vicho Chung Manager, Investments & Investor Relations Vicho.Chung@esr.com Mr. Kenny Kwong Assistant Manager, Investor Relations & Research Kenny.Kwong@esr.
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