Operations Overview FORWARD TOGETHER 30 INVESTMENT SEGMENT FY2022 KEY HIGHLIGHTS — STRONG PORTFOLIO FUNDAMENTALS DRIVE PERFORMANCE • Healthy portfolio occupancy of 95%1 • Record high leasing of 4.6 million2 sqm of logistics space across the portfolio • Strong record high weighted average rental reversion of 7.5%1,3 • E-commerce and 3PLs comprise 64%2,4, of combined portfolio • Healthy weighted average lease expiry of 4.5 years by income2 Notes: 1. Stabilised New Economy assets only. Excludes listed REITs and Associates. 2. New economy assets only. Excludes listed REITs and Associates. 3. Weighted by AUM of each respective country. 4. Based on stabilised assets on balance sheet and portfolio assets held in the funds and investment vehicles as of 31 December 2022. Our investment segment is divided into threemain categories: (i) completed properties that we hold on our balance sheet, from which we derive total return, including rental income and appreciation in value; (ii) our co-investments in the funds and investment vehicles and the REITs we manage, from which we derive dividend income, pro rata earnings and/or pro rata value appreciation; and (iii) other investments, including our minority equity stakes in other companies. We are able to develop properties without the need to source equity for every individual project and can warehouse properties on our balance sheet if necessary. We use our strong balance sheet to acquire and own assets that have attractive risk-reward profiles and capture opportunities which may not fit the current investment criteria of our funds, and which may be used to seed future funds that we may establish. This provides attractive visibility to prospective capital partners and is an important advantage of our platform, which facilitates faster fundraising and enables us to realize development profits. Additionally, our investments in properties through our co-investments in the funds and investment vehicles we manage allow us to align our interests with those of our capital partners. BALANCE SHEET PROPERTIES The total AUM for the investment properties held on our balance sheet for the Enlarged Group was US$3.8 billion, accounting for approximately 2.4% of total AUM of across the portfolio as at 31 December 2022. Refer to “Property Portfolio” on pages 42 to 43 for information on FY2022 balance sheet investment properties. DRIVEN BY NEW ECONOMY We lease the logistics facilities owned directly by us or by the funds that we manage to a broad range of large and mid-sized, multi-national and domestic high-quality tenants. These include leading e-commerce companies, 3PL providers, brick-and-mortar retailers, manufacturers, cold-chain logistics providers and others. The majority of tenants in our portfolio service domestic consumption in Asia Pacific as logistics infrastructure continues to evolve for the modern economy. The Group's markets and leasing activity conditions remain healthy and we continue to witness strong inbound interest from our customers across nearly all of our markets. The Group achieved record leasing of 4.6 million sqm of logistics space, of which 3.5 million of space was leased to e-commerce and 3PL companies. The ESR Kawasaki Ukishima Disturbtion Centre
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