ESR Group AR2023 eBook EN

Portfolio Portfolio ex-China 21 Sustainable Growth US$81 billion Fee-related AUM1 Strong Pipeline US$14.1 billion Work-in-progress Strong Capital Raise US$7.5 billion 24 new/upsized funds/mandates Record Leasing 5.3 million sqm of space2 Dry Powder US$23.9 billion US$13.5 billion New Economy Positive Weighted Average Rental Reversions2,4 +8.2% / +14.3% STEADY GROWTH IN FUND MANAGEMENT DIVERSIFIED NEW ECONOMY DEVELOPMENT WORKBOOK RESILIENT NEW ECONOMY OPERATING PERFORMANCE High Portfolio Occupancy2,3 91% / 98% Portfolio Portfolio ex-China Notes: 1. Fee-related AUM excludes AUM from Associates and levered uncalled capital. Based on FX rates as at 31 December 2023. 2. New Economy assets only and excludes listed REITs and Associates. 3. Stabilised New Economy assets only. 4. Weighted by AUM. US$6.3 billion Development starts US$4.2 billion Development completions Solid Development Activity and

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