Prosperity Real Estate Investment Trust · HKEX:808
Prosperity Real Estate Investment Trust — FY2025 Earnings Presentation
24 slides from Prosperity Real Estate Investment Trust's earnings presentation, March 2026
Slide 1: Final Results
Final Results For the year ended 31 December 2025 March 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 2025 Annual Results Presentation 3
Slide 4: Results Highlights
Results Highlights The Metropolis Tower Prosperity REIT 2025 Annual Results Presentation 4
Slide 5: Financials
1. Financials Revenue Net Property Distributable Distribution Income Income Per Unit 4.0% 5.6% 1.4% 3.5% HK$425.4m HK$323.3m HK$185.4m HK$182.8m HK$408.5m HK$305.2m HK$0.1198 HK$0.1156 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 Tenant Occupancy Cost-to- Average Retention Rate revenue Effective (as at 3
Slide 6: Returns
2. Returns ● 100% payout ratio and almost 170%1 total return since listing. ● 20-year track record as resilient investment tool amid different market conditions – steady topline revenue, prudent financial performance and disciplined capital management. Attractive yield 8.1% 2 5.3% 3.1% 3.0% Prosperi
Slide 7: Financial Review
Financial Review Prosperity Millennia Plaza Prosperity REIT 2025 Annual Results Presentation 7
Slide 8: Income Statement
1. Income Statement (HK$’000) FY25 FY24 Revenue 408,501 425,368 Revenue and NPI fell by 4.0% and Total property operating expenses (103,252) (102,061) 5.6% respectively mainly due to the pressure from both vacancy and rental Net property income 305,249 323,307 levels at Prosperity Millennia Plaza in
Slide 9: Financial Position
2. Financial Position As at As at Change 31 Dec 2025 31 Dec 2024 All bank loan facilities are Total assets (HK$’m) 9,284.5 9,628.7 -3.6% unsecured with no investment properties pledged. Borrowings1 (HK$’m) 2,437.1 2,403.3 1.4% Interest Cost4 Other liabilities (HK$’m) 562.3 549.2 2.4% Fixed : Floatin
Slide 10: Capital Management
3. Capital Management • Total debt facilities amount to HK$2,830M with evenly spread maturity profile. • HK$800M debt facility expiring in Aug-26 is under discussion with banks. • All debt facilities are sustainability-linked. • Interest coverage ratio is 3.2 times.1 Debt Maturity Profile (HK$’M) Fi
Slide 11: Portfolio Valuation
4. Portfolio Valuation Valuation by Property Type Industrial As at 31 Dec 2025 HK$348m 3.8% ● Balanced portfolio with Grade A office, Industrial/Office HK$1,913m commercial, industrial/office and industrial 20.7% buildings all in Hong Kong. ● Portfolio valuation at HK$9,213m, down 3.5% Grade A Offic
Slide 12: Operations Review
Operations Review 9 Chong Yip Street Prosperity REIT 2025 Annual Results Presentation 12
Slide 13: Property Income
1. Property Income Revenue Net Property Income (NPI) New Treasure Centre New Treasure Centre HK$18.0m HK$12.9m Prosperity Center Prosperity Center HK$38.0m HK$27.9m The Metropolis Tower 4.2% 4.4% HK$120.9m 9.3% The Metropolis Tower HK$93.7m 9.2% 29.6% Trendy Centre 30.7% Trendy Centre HK$48.3m HK$32
Slide 14: Occupancy Rates
2. Occupancy Rates (As at 31 Dec 2025) The Metropolis Tower 97.6% Prosperity Millennia Plaza 89.7% 9 Chong Yip Street 94.8% Prosperity Place 95.8% Trendy Centre 93.3% Prosperity Center (portion) 94.4% New Treasure Centre (portion) 98.5% Portfolio 94.7% Prosperity REIT 2025 Annual Results Presentatio
Slide 15: Lease Expiry Profile
3. Lease Expiry Profile Portfolio Lease Expiry Profile as at 31 Dec 2025 41.5% 41.8% 40.5% 39.8% 15.9% 15.8% 2.5% 2.2% 31-Dec-25 2026 2027 2028 and beyond By Gross Rental Area (GRA) By Gross Rental Income (GRI) Expiry Profile as at 31 Dec 2025 By Gross Rental Area By Gross Rental Income Period % of
Slide 16: Solid Tenant Base Foster Resilient Performance
4. Solid Tenant Base Foster Resilient Performance • P-REIT has a well-balanced tenant base spanning across multiple industries. • Low tenant concentration risk with no individual tenant contributed more than 2.5% of portfolio GRA or GRI. • In FY25, IT / Technology and retail services trades share ar
Slide 17: ESG Achievements
ESG Achievements Green Building Certificates Green Recognitions ✓ BEAM Plus (Comprehensive), ✓ GHG reduction targets approved by SBTi Platinum - 2030 targets (vs. 2021 base) - Prosperity Place • Scope 2 - ↓ 42% - The Metropolis Tower • Scope 3 - ↓ 25% - Prosperity Millennia Plaza - Long term 2050 ta
Slide 18: Key Takeaways
Key Takeaways Prosperity Place Prosperity REIT 2025 Annual Results Presentation 18
Slide 19: Key Takeaways
Key Takeaways 1. Full year distribution per unit (DPU) decreased by 3.5% Y-o-Y ● Savings in finance cost resulting from lower HIBOR partly offsetted the mild decline in rental income. ● Distribution yield of 8.1%1. ● Maintained 100% payout ratio since listing. 2. Revenue and NPI decreased by 4.0% an
Slide 20: Appendix
Appendix Prosperity REIT 2025 Annual Results Presentation 20
Slide 21: 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 22: 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 23: Key Facts
Key Facts Key Facts as at 31 December 2025 IPO Date 16 Dec 2005 Unitholder Structure IPO Price HK$2.16 REIT Free 8.1% CKAH Manager & Float Directors Indicative Yield (based on FY25 DPU of HK$0.1156 and closing unit price of HK$1.43 as at 31 Dec 2025) 75.5% 17.4% 7.1% Number of Issued Units 1,581,554
Slide 24: 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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