Esr Kendall Square Reit Co., Ltd. · KRX:365550
Esr Kendall Square Reit — 1H 2026 Earnings Presentation
12 slides from Esr Kendall Square Reit's earnings presentation, September 2026
Slide 1: 1H 2026 Financial Results ESR Kendall Square REIT
ESR KENDALL SQUARE REIT KRX · 365550 KS INVESTOR PRESENTATION 1H 2026 Financial Results ESR Kendall Square REIT Korea's first and only listed pure-play logistics REIT September 2026
Slide 2: Disclaimer
IMPORTANT NOTICE Disclaimer ESR Kendall Square REIT · Investor Presentation 2
Slide 3: 1H 2026 Highlights
IPO 23 Dec 2020 COMPANY OVERVIEW Fiscal period-end · May / November 1H 2026 Highlights Market Cap AUM Net Operating Income 1H 2026 DPS KRW 809.6 bn KRW 3.04 tn KRW 66.2 bn KRW 139 won Based on closing price of KRW 3,290 as of Aug. 14, 2026 Based on Fair Value as of May 2026 Non-GAAP / 1H 2026(’25.12
Slide 4: Revenue Growth Offset by Higher Interest Costs
IPO 23 Dec 2020 FY13(1H 2026) Consolidated Income Statement Fiscal period-end · May / November Revenue Growth Offset by Higher Interest Costs FY13 - 1 Dec 2025 – 31 May 2026 · audited · Unit: KRW bn Operating Performance: Full-period contribution from Icheon LP9, Icheon LP10 and Cheonan LP1 Oper
Slide 5: Stable NOI & FFO Performance; DPS Guidance Maintained
IPO 23 Dec 2020 1H 2026(FY 13) NOI & FFO Fiscal period-end · May / November Stable NOI & FFO Performance; DPS Guidance Maintained FY13 - 1 Dec 2025 – 31 May 2026 · audited · Unit: KRW bn Net Operating Income* Interest Coverage Ratio (NOI /Interest Expense) HoH (%) YoY (%) (FY 13 Vs. FY 12) (FY 13 Vs
Slide 6: Maintaining Strong Financial Stability
IPO 23 Dec 2020 FY13(1H 2026) Consolidated Balance Sheet Fiscal period-end · May / November Maintaining Strong Financial Stability FY13 - 1 Dec 2025 – 31 May 2026 · audited · Unit: KRW bn Assets: Operations of assets acquired in the prior period remained stable Non-current assets declined slight
Slide 7: Stable Operations and Strong Leasing Performance
IPO 23 Dec 2020 TENANT & LEASE PROFILE Fiscal period-end · May / November Stable Operations and Strong Leasing Performance Top 8 Tenants by Leased Area E-commerce/3PL Retail Strong Renewals, Stable Operations, Rising Rents IPO – 1H 2026 Leasing Track Record C 52.9% Avg. Occupancy Renewal Ratio by Ar
Slide 8: 2026 Refinancing Plan
IPO 23 Dec 2020 PORTFOLIO & DEBT STATUS Fiscal period-end · May / November 2026 Refinancing Plan Target Assets Refinancing Amount LTV Based on Appraised Secured Loan Maturity by Year Collateral Value W 557. 2 bn W 160.9 bn W 352.0 bn W 552.5 bn 9 KRW 566.2 bn 52.1% 2026 Maturity 34.3% 2027 Maturity
Slide 9: Selective Execution, Disciplined Capital Recycling
IPO 23 Dec 2020 BUSINESS PLAN Fiscal period-end · May / November Selective Execution, Disciplined Capital Recycling Current Market Backdrop Portfolio & Capital Management Priorities Selective Liquidity Execution Gap Pricing Discipline • Ongoing review of asset-level operating Transactions concentrat
Slide 10: Appendix
Ost (NOALL SQUARE SECTION IL Appendix ESR KENDALLSQUARE REIT
Slide 11: Investment Structure
IPO 23 Dec 2020 Appendix Fiscal period-end · May / November Investment Structure ESR Kendall Square REIT Holding ESR Kendall Square CPP Investment Others 6.42% 3.84% 21.52% 67.52% 0.70% Kendall Square REIT Management Asset management 21 KRW 3 trn KRW 276 8.4% Assets AUM DPS Div. Yield 100.0% 100.0%
Slide 12: ESR KS REIT Portfolio Overview
IPO 23 Dec 2020 Appendix Fiscal period-end · May / November ESR KS REIT Portfolio Overview Goyang LP 199,678 2019.01 478.0 589.5 Anseong LP 2 154,990 2020.06 324.5 338.8 Anseong LP 1 95,265 2020.02 160.0 198.7 Icheon LP 5 84,545 2020.02 198.3 209.5 Yongin LP 1 70,028 2017.11 129.0 151.3 Anseong LP 3
ESR Kendall Square REIT — 1H 2026 Earnings Presentation on 6ix