ESR AR 2019 EN

ESR’s ongoing success will be driven by our asset-light, client-centric and e-commerce focused approach. Looking ahead, we will continue our capital recycling strategy to fuel the growth of our platform and further consolidate ESR’s leading position in Asia Pacific. We will also continue to grow our integrated fund management platform across geographies, strategies and risk/return profiles to attract new capital partners, while expanding collaboration with existing partners in new products and geographies. The development of state-of-the-art logistics facilities will remain our focus as we strive to set new industry standards to meet our customers’ growing needs. And finally, we will leverage our scale and geographic presence to identify and develop opportunities in new markets while improving regional connectivity. As our platform continues to expand, integration plays a critical role in our long-term growth. We welcome and embrace new team members to build and make the ESR team stronger than ever. The success of ESR’s integration efforts has helped ensure the continuous growth and smooth operations of our platform across markets. We are pleased that the hard work and dedication of our management team and employees have built a reputation of excellence for ESR. 2020 is set to herald a new era as we witness significant economic headwinds as a result of COVID-19. Today, businesses will need to be even more nimble, execution driven and forward thinking to succeed in a rapidly changing and more complex world. We have strong conviction that logistics infrastructure will be one of the pillars in shaping the new economy. We are confidently looking ahead at 2020 and beyond, building on the solid foundation the ESR team has put in place. In Appreciation I would like to extend my sincere appreciation and gratitude to our Board of Directors for their invaluable support and contributions. I would also like to thank the management team and all of our employees for their dedication and commitment that has made ESR the success story that it is today. Last, but by no means least, I want to thank our capital partners, customers and valued stakeholders for their continued support and confidence. Jeffrey David Perlman Chairman 21 March 2020 17 ESR Annual Report 2019 MESSAGE FROM CHAIRMAN