Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — Investor Presentation (May 2026)
36 slides from Sunway Real Estate Investment Trust's investor presentation, May 13, 2026
Slide 1: Sunway REIT Corporate Presentation
Sunway REIT Corporate Presentation 13 May 2026 Empowering Businesses • Curating Experiences • Enriching Lives
Slide 2: Agenda
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 RM2.7 billion Fair Value Gain RM1.8b, AEIs & Property Development since IPO1 RM4.0 billion Ind & Others Office 2% 9% Hotel 19% 28 Asset
Slide 4: Portfolio At A Glance (FY2025)
Portfolio At A Glance (FY2025) Revenue Net Property Income Property Value 2% 2% 2% 3% 5% 9% 9% 7% 11% Portfolio by Portfolio by 14% Portfolio by 19% Revenue Net Property Income Property Value RM894 million RM658 million RM10.2 billion1 70% 75% 72% Retail Hotel Office Services Industrial and Others 1
Slide 5: Agenda: 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 5
Slide 6: Recalibrated TRANSCEND 2027
Recalibrated 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 Growing Portfolio Size o Leveraging on total return Growing property retail strength o DPU CAGR
Slide 7: 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 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 10km Target market & international tourists 20km 50km NLA c. 250,000 sq.ft. net lettable area N
Slide 9: Organic Growth via Rental Reversion & Increasing Occupancy (FY2025)
Organic Growth via Rental Reversion & Increasing Occupancy (FY2025) Average Rental Reversion & Weighted Average Lease Expiry (WALE) Average Rental Reversion: 8.5% 1 ¹ Increase in three years including step-up rent Empowering Businesses • Curating Experiences • Enriching Lives 9
Slide 10: Key Performance Indicators Q1 2026 / YoY %
Key Performance Indicators Q1 2026 / YoY % RETAIL 1 HOTEL 2 OFFICE 3 Occupancy - Rooms Occupancy + 1% Average - 1% Q1 2026: 56% Occupancy gross rent Q1 2026: 98% Q1 2025: 55% Q1 2025: 99% FY2025: 65% + 1% + 1% FY2025: 97% Q1 2026: 83% Occupancy - Banquet Q1 2025: 82% FY2025: 82% - 1% Average Q1 2026
Slide 11: Enhancing Value Through AEIs & PDAs
Enhancing Value Through AEIs & PDAs (Total investment = RM2.6 billion) Sunway Hotel Sunway Pyramid Hotel Sunway Carnival Mall Sunway Resort Hotel Sunway Carnival Mall Redevelopment of Seberang Jaya Refurbishment New Wing Refurbishment Existing Wing Sunway Pier RM17 mil RM120 mil RM440 mil RM323 mil
Slide 12: Latest Asset Enhancement & Ongoing Property Development Activities
Latest Asset Enhancement & Ongoing Property Development Activities Asset Enhancement Initiatives (AEIs) / Project Period Capital Expenditure Property Development Activities (PDAs) Refreshing Sunway Carnival Mall Q3 2023 – Q2 2025 RM360 million Existing Wing New Sunway Hotel Q4 2025 – Q4 2027 RM140 m
Slide 13: Sunway Carnival Mall – Green Field Development Capability Unlocked
Sunway Carnival Mall – Green Field Development Capability Unlocked NLA increased Sales/sqf Parking Car count from Bays increased 455,000 improved by approx. >3,000 by 2x sqf to (from (dedicated 770,000 50% 1,000) ramp) sqf 270 5-year GreenMark tenants ARR Gold Plus & (2025) improved GreenRE from 198
Slide 14: 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 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 Sunway Centre Sunway Industrial – university & Pier Centre Sunway 163 Sunway Kluang university & IPO (Tower A & B) Shah Alam 1 college campus (Tower A & B) Mall Mall college campus 8 Assets RM313 mil
Slide 17: A Giant Acquisition: Case Study
A Giant Acquisition: Case Study 1) Immediate fair value gain RM73 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 ➢ C
Slide 18: Acquisition in 2025
Acquisition in 2025 AEON Mall Seri Manjung Location Seri 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 sq. ft. NLA 427,919 sq. ft. NPI Yield 6.5% (Initial) or 6.9% (average 12Y yield) C
Slide 19: Disciplined Asset Recycling in 2025
Disciplined Asset Recycling in 2025 Sunway university & college campus Empowering Businesses • Curating Experiences • Enriching Lives 19
Slide 20: Ongoing Disciplined Asset Recycling
Ongoing Disciplined Asset Recycling Sunway Hotel Seberang Jaya Empowering Businesses • Curating Experiences • Enriching Lives 20
Slide 21: Agenda: 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 1,000 Revenue (million) NPI (million) DPU (sen) 25.00 894 7% CAGR 900 800 767 20.00 716 700 651 658 7% CAGR 560 580 570 600 557 15.00 507 523 527 472 500 14.48 500 453 440 406 416 428 420 417 374 389 400 341 323 10.00 327 309 321 6% CAGR 2
Slide 23: Total Unitholder's Return since IPO
Total Unitholder’s Return since IPO Total Unitholder’s Return Sunway REIT 157% 305% (July 2010 – December 2025) FBM Emas 42% FBM KLCI 23% July 2010 FP2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FP2021 FY2022 FY2023 FY2024 FY2025 IPO FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 F
Slide 24: Robust Financial Performance YTD Q1 2026
Robust Financial Performance YTD Q1 2026 Growth Indicators Q1 2026 Q1 2026 Financial Strength Q1 2026 Q1 2025 Q4 2025 Q-o-Q Y-o-Y Investment Properties 10,277# 10,607 10,246# Revenue 2% 2% (RM’000) NPI 0.3% 5% TAV (RM’000) 10,634 10,961 10,663 Realised Profit 3% 10% Total Borrowing 4,275 4,585 4,198
Slide 25: Agenda: 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 3.77 3.85 3.80 3.79 3.66 3.63 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 2.75 2.75 2.75 1.75 1.75 4,467 4,198 4,275 3,445 3,405 3,537 3,636 2,903 3,091 2,142 2,17
Slide 27: Diversified and Strengthened Financing Profile (March 2026)
Diversified and Strengthened Financing Profile (March 2026) Available Debt Headroom RM1,042m Ratings AA1 (MTN Secured) / AA2 (Corporate / MTN Unsecured) / A1 (Perpetual) / P1 (CP) ISCR 4.0x Total Gross Debt / Gearing RM4,275m / 40.2% Total Perpetual Notes Issued RM500m / 4.7% of TAV Blended Borrowin
Slide 28: Agenda: 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 and Commitments
Sustainability Goals and Commitments Empowering Businesses • Curating Experiences • Enriching Lives 29
Slide 30: Sustainability Goals vs Performance 2025
Sustainability Goals vs Performance 2025 Empowering Businesses • Curating Experiences • Enriching Lives 30
Slide 31: Sustainability Highlights (FY2025)
Sustainability Highlights (FY2025) 40% of our Secured RM 4.6 Aligned with portfolio’s GFA billion in sustainable IFRS S1 (Total 11 properties) finance across a Sustainability- are Green certified diversified funding related and S2 (FY2024 : 37%) base Climate-related Disclosures 33% of our 96% of our
Slide 32: Awards 2025
Awards 2025 The Asset Triple A Sustainable Finance Award 2025 (Hong Kong) Best Sustainability-Linked Bond (Malaysia) – RM500m ringgit dual tranche sustainability-linked perpetual securities Minority Shareholder Watchdog Group’s National Corporate Governance & Sustainability Awards 2025 REITs Excelle
Slide 33: Agenda: 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 (FY2025)
Key Takeaways (FY2025) 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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