REIT 3Q FY 2024/25 Business Updates

29 April 2025

• Overview and Key Highlights 04

• Portfolio Updates 10

• Market Outlook 25

The Starhill, Kuala Lumpur, Malaysia

Ngee Ann City, Singapore

Overview

• 9 mid- to high-end predominantly retail properties in six Asia Pacific cities Quality Assets

  • Portfolio of ~S$2.8 billion

  
  
  

  locations

• Excellent connectivity to transportation hubs

• Appeal to both local and international brands

  Diversified Portfolio Strategic Locations
  • Landmark assets at prime
  
  
  
  
  
  

• Core markets: Singapore, Australia, Malaysia

• Contribution to 3Q FY24/25 revenue: Retail (~85%) & Office (~15%)

Notes:

• YTL Group owns ~38.0% of SGREIT

  Strong Sponsor
  
  
  

• Has a combined market capitalisation of US$13.6 billion(1)

  • Master/anchor leases with periodic rental reviews make up ~52.0% of gross rents(2)

    Income Visibility
    
    
    

  • Committed portfolio occupancy of 97.4%(2)

  • "BBB" credit rating with stable outlook by Fitch Ratings, affirmed in February 2025 Healthy Financials
    
    
    

  • Gearing of 36.6%(2) and weighted average debt maturity of 2.9 years(2)

  • Component stock of FTSE EPRA NAREIT Global

1. Market capitalisation of YTL Corporation Berhad and its listed entities in Malaysia, as at 31 March 2025.

2. As at 31 March 2025.

Developed Index

5