Slides
Page 1
1H 2026 Financial Results 5 August 2026 CapitaLand ASCENDAS REIT
Page 2
1H 2026 Financial Results CapitaLand Ascendas REIT Highlights01 Investment Management03 Capital Management04 Portfolio Management05 Sustainability06 Market Outlook07 Agenda 02 Financial Performance Appendix08
Page 3
1H 2026 Financial Results CapitaLand Ascendas REIT 3 Disclaimer This presentation (“Presentation”) is prepared by CapitaLand Ascendas REIT Management Limited (“Manager”) and is strictly confidential to the person to whom it is provided. This Presentation is for general informational purposes only and is provided on the basis that it should not be relied upon for any purpose other than the purposes of discussion. The transactions and information described in this Presentation are for illustration only and do not create any legally binding obligations and remain subject to negotiation and execution of final documentation (if any) on terms satisfactory to the Manager and the recipient(s) of this Presentation. This presentation is for informational purposes only and does not constitute an advertisement or an offer to sell any securities, funds, or investment products or services ("Products"). Any investment decision should be based on a thorough review of the offering materials and due diligence by the prospective investor. The information herein is provided to you solely at your request and is not intended to be an offer, sale or invitation for subscription or purchase of any Products or a solicitation to use the Manager’s and its affiliates’ services, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment on the part of any person proceeding with any transactions. This Presentation may contain forward-looking statements. By their nature, forward-looking statements are subject to numerous assumptions, risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements because they relate to events and depend on circumstances that may or may not occur in the future. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Forward-looking statements are not guarantees of future performance. The forward-looking statements are based on the current view of management as of the date of such statements, regarding future events. None of the Manager and its affiliates assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events or otherwise. The contents of the Presentation contain information from published and non-published sources and third-party information from sources believed to be reliable. The accuracy of such information has not been independently verified by the Manager and its affiliates. Unless otherwise stated, data is sourced from the Manager and the information is based on matters as they exist as of the date of its preparation and is subject to change. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither the Manager nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of CapitaLand Ascendas REIT (“CLAR”) is not indicative of future performance. The listing of the units in CLAR (“Units”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. Copyright of the Presentation solely and exclusively belongs to the Manager. The Presentation must not be reproduced, shared, copied, used, disclosed or otherwise made available to any other person, directly or indirectly, in whole or in part, without the prior express written consent of the Manager. The receipt of this Presentation by its recipients implies their full acceptance of the above statements.
Page 4
4 01 Highlights
Page 5
1H 2026 Financial Results CapitaLand Ascendas REIT Highlights 1H 2026 1. Refers to total amount available for distribution. 2. As at 30 Jun 2026. 3. Percentage change of the average gross rent over the lease period of the renewed leases against the preceding average gross rent from lease start date. Takes into account renewed leases in multi-tenant buildings that were signed in 1H 2026 and average gross rents are weighted by area renewed. 4. Excluding 27 IBP and Summerville Logistics Center which were both completed in 2Q 2026, portfolio occupancy as at 30 Jun 2026 would be 90.3%. Portfolio Management Portfolio Occupancy2 89.1%4 Portfolio Rental Reversion3 8.5% Capital Management Aggregate Leverage2 39.7% Cost of Debt 3.5% Financial Performance 5 Distributable Income1 S$359.4 million Distribution Per Unit 7.482 cents +8.6% YoY +0.1% YoY 31 Mar 2026: 90.5% 2Q 2026: 5.2% 31 Mar 2026: 42.0% 1Q 2026: 3.5%
Page 6
1H 2026 Financial Results CapitaLand Ascendas REIT Portfolio Rejuvenation Highlights DPU-accretive Acquisitions • Completed acquisitions of a total of nine quality properties in the US, Europe, Singapore and Japan • Completed a logistics development in the US and a business space redevelopment in Singapore Strategic Developments Disciplined Divestment • Announced the proposed divestment of Kim Chuan Telecommunications Complex, a data center in Singapore • Sale price at double the original purchase price and a 32% premium to independent market valuation S$1,145.6 million S$230.8 million S$200.4 million 1H 2026 6
Page 7
7 02 Financial Performance
Page 8
1H 2026 Financial Results CapitaLand Ascendas REIT Financial Performance S$ 1H 2026 1H 2025 Variance Gross revenue (million) 805.5 754.8 6.7% NPI (million) 556.1 523.4 6.2% Distributable income1 (million) 359.4 331.1 8.6% DPU (cents) 7.482 7.477 0.1% Applicable number of units (million) 4,804 4,428 8.5% • Gross revenue and NPI increased by 6.7% and 6.2% YoY to S$805.5 million and S$556.1 million, respectively. The better performance was driven by acquisitions completed in 2025 and 2026, as well as the resilient performance of existing properties, which more than offset the impact of divestments undertaken in 2025 - Acquisitions: 13 properties were acquired between Jan 2025 and Feb 2026 (six in Spain, five in Singapore and two in the US) - Divestments: Nine properties were divested between Jun 2025 and Dec 2025 (five in Singapore, two in the US, one in Australia and one in the UK) • Distributable income increased by 8.6% YoY to S$359.4 million in 1H 2026 • DPU remained stable YoY at 7.482 Singapore cents after taking into consideration an enlarged unit base arising mainly from the equity fund raisings in 1H 2026 and 1H 2025 1H 2026 vs 1H 2025 1. Refers to total amount available for distribution. 8
Page 9
1H 2026 Financial Results CapitaLand Ascendas REIT Financial Performance S$ 1H 2026 2H 2025 Variance Gross revenue (million) 805.5 783.8 2.8% NPI (million) 556.1 544.1 2.2% Distributable Income1 (million) 359.4 347.2 3.5% DPU (cents) 7.482 7.528 -0.6% Applicable number of units (million) 4,804 4,612 4.2% • Compared to 2H 2025, gross revenue and NPI increased by 2.8% and 2.2% to S$805.5 million and S$556.1 million, respectively. The better performance was driven by acquisitions completed in 2025 and 2026, as well as the resilient performance of existing properties, which more than offset the impact of divestments undertaken in 2025 - Acquisitions: 12 properties were acquired between Aug 2025 and Feb 2026 (six in Spain, five in Singapore and one in the US) - Divestments: Eight properties were divested between Oct 2025 and Dec 2025 (five in Singapore and one each in the UK, Australia and the US) • Distributable income increased 3.5% to S$359.4 million in 1H 2026 • DPU decreased by 0.6% to 7.482 cents after taking into consideration an enlarged unit base arising mainly from the equity fund raising in 1H 2026 1H 2026 vs 2H 2025 1. Refers to total amount available for distribution. 9
Page 10
1H 2026 Financial Results CapitaLand Ascendas REIT 10 Distribution Details Period DPU (Singapore Cents) 2 Apr 2026 to 30 Jun 20261 3.7322 Event Deadline Last day of trading on “cum” basis 12 August 2026 (Wednesday) Ex-distribution date 13 August 2026 (Thursday), 9:00am Record date 14 August 2026 (Friday), 5:00pm Distribution payment date 8 September 2026 (Tuesday) 1. CLAR paid an advanced distribution of 3.750 cents per Unit on 30 Apr 2026 for the period from 1 Jan 2026 to 1 Apr 2026 in respect of the existing Units as at 1 Apr 2026. Please refer to CLAR’s announcements on 24 Mar 2026 and 2 Apr 2026. 2. Included taxable, tax-exempt and capital distributions of 3.043, 0.318 and 0.371 cents respectively.
Page 11
11 03 Investment Management
Page 12
1H 2026 Financial Results CapitaLand Ascendas REIT 1H 2026 Acquisitions 1. Based on an illustrative exchange rate of US$1.00000 : S$1.28053. 2. Based on an illustrative exchange rate of €1.00000 : S$1.49551. 3. Inclusive of S$15.0 million deferred consideration payable latest 15 months after the completion of the acquisition. 4. Based on an illustrative exchange rate of JPY100: S$0.8120. Purchase Consideration (S$ million) Country Segment Estimated/ Completion Date Completed Acquisitions 1,145.6 DHL Canal Winchester 94.51 Columbus, US 29 Jan 2026 Portfolio of six Grade A logistics properties 185.42 Madrid and Barcelona, Spain 27 Feb 2026 Ascent (50%) 245.03 Singapore 23 Mar 2026 Osaka Data Centre 1 (49%) 620.74 Greater Osaka, Japan 7 May 2026 Announced Acquisitions 638.1 25 Loyang Crescent 504.2 Singapore 3Q 2026 5 Tuas Avenue 5 (NEW) 133.9 Singapore 2H 2026 TOTAL: 1,783.7 • Advancing CLAR’s portfolio rejuvenation strategy with approximately S$1.8 billion of DPU-accretive acquisitions • Announced acquisition of 5 Tuas Avenue 5, a modern ramp-up logistics property in Singapore, in June 2026 • Strategically located assets with high occupancy rates • Expected initial NPI yields range from 4.3% to 7.4% pre-transaction costs 12 Business Space & Life Sciences LogisticsIndustrial & Data Centres
Page 13
1H 2026 Financial Results CapitaLand Ascendas REIT Continued Commitment to Investing in Singapore • Singapore AUM up ~30%, from S$10.1 billion in Dec 2022 to S$13.1 billion in Jun 2026 • ~S$2.7 billion of acquisitions completed since 2023, steadily deepening the Singapore portfolio • ~S$883 million of acquisitions announced year-to-date, underscoring continued commitment to Singapore 13 10.1 10.8 11.0 12.4 13.1 0.6 514.9 1,266.0 883.1 0 200 400 600 800 1000 1200 1400 1600 1800 2000 7 8 9 10 11 12 13 14 Dec 2022 Dec 2023 Dec 2024 Dec 2025 Jun 2026 (S$ million)(S$ billion) SG Portfolio AUM (LHS) SG Assoc & JV (LHS) SG Acquisition Value (RHS)
Page 14
1H 2026 Financial Results CapitaLand Ascendas REIT Logistics Acquisition (NEW) 5 Tuas Avenue 5, Singapore Purchase Consideration S$133.9 million1 (1.5% discount to valuation) Acquisition fee and Estimated Professional and Other Fees S$2.6 million Total Acquisition Cost S$136.5 million Vendor Hup Hin Transport Co Pte Ltd Valuation (as at 1 Feb 2026)2 S$136.0 million Land Tenure ~23 years remaining GFA/NLA 50,160 sqm Occupancy 100% (four tenants including the Vendor) Lease Structure WALE of 5 years with annual rental escalation of 2.0% under a triple-net lease structure Initial NPI Yield3 6.6% (6.5% post-transaction costs) DPU Accretion4 0.2% or 0.033 Singapore cents Estimated Completion Date 2H 2026 1. Includes estimated upfront land premium of S$7.3 million. 2. The valuation was commissioned by the Manager and HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CLAR, and was carried out by Jones Lang LaSalle Property Consultants Pte. Ltd. using the discounted cash flow approach and income capitalisation method. 3. The NPI yield is derived using the estimated NPI expected in the first year after the acquisition. 4. The estimated pro forma impact is calculated based on the following assumptions: (i) CLAR had completed the acquisition on 1 Jan 2025 and held the property through 31 Dec 2025; (ii) the acquisition was funded based on a funding structure of 60% equity and 40% debt and (iii) the Manager elects to receive 80% of its base fee in cash and 20% in units of CLAR. 5 Tuas Avenue 5, Singapore o Modern seven-storey ramp-up logistics property completed in 2021 with direct ramp access for 40- foot container trucks up to level six (the highest logistics level) and clear floor to ceiling height of up to 13 metres o Strategically located in Tuas, the largest and most intensive industrial estate in the western region of Singapore with excellent connectivity to key infrastructure such as Tuas Mega Port, Jurong Port, Tuas Second Link and Gul Circle MRT station 14
Page 15
1H 2026 Financial Results CapitaLand Ascendas REIT 15 Total Cost (S$ million) Country Segment Completion Date Completed Redevelopment 27 IBP 136.0 Singapore 27 Apr 2026 Completed Acquisition under Development Summerville Logistics Center 94.81 Charleston, US 6 Apr 2026 Completed AEI Nexus @one-north 2.0 Singapore 7 Apr 2026 TOTAL: 232.8 1. Based on an illustrative exchange rate of US$1.0000 : S$1.3438. • Completed three projects for a total cost of S$232.8 million to enhance portfolio quality and income resilience 1H 2026 Completed Projects Business Space & Life Sciences LogisticsIndustrial & Data Centres
Page 16
1H 2026 Financial Results CapitaLand Ascendas REIT 16 Redevelopment 27 IBP, Singapore Description Located in Jurong East, close to the Jurong Lake District which is envisioned to be the largest commercial and regional centre in Singapore outside of the CBD. The property benefits from direct connection to the future Jurong Town Hall MRT station on the Jurong Region Line. The plot ratio has been maximised, resulting in additional space of approximately 12,000 sqm and doubling of the GFA. New facilities include a gym, sky terrace, a food court and end-of-trip facilities. Green Certification BCA Green Mark Platinum Property Segment Business Space & Life Sciences NLA1 20,278 sqm Committed Occupancy (as at 30 Jun 2026) 19% (Additional 20% in advanced negotiations) Cost S$136.0 million Completion Date 27 Apr 2026 1. Subject to adjustment and final survey. End-of-trip facilitiesSky terrace Main lobbyExternal façade
Page 17
1H 2026 Financial Results CapitaLand Ascendas REIT 17 Acquisition under Development Summerville Logistics Center, Charleston, South Carolina, US Description A new best-in-class logistics distribution property comprising two single-storey buildings. Situated on the US East Coast near Charleston and along US Highway 78. Green Certification EDGE Advanced Preliminary Property Segment Logistics Total Lettable Area 50,991 sqm Committed Occupancy (as at 30 Jun 2026) Marketing in progress Cost S$94.8 million Completion Date 6 Apr 2026 Expected Initial NPI Yield1 7.6% (7.2% post-transaction costs) Summerville Logistics Center Aerial view of the property 1. The NPI yield is based on a stabilised basis as set out in the valuation report.
Page 18
1H 2026 Financial Results CapitaLand Ascendas REIT 18 Asset Enhancement Initiative Nexus @one-north, Singapore Description Undertook a redesign of the North and South lift lobbies to create modern, collaborative environments with enhanced seating, improving functionality and elevating the tenant experience. Property Segment Business Space & Life Sciences NLA 21,217 sqm Cost S$2.0 million Completion Date 7 Apr 2026 South Lobby North Lobby
Page 19
1H 2026 Financial Results CapitaLand Ascendas REIT Ongoing Projects 1. Based on an illustrative exchange rate of £1.00000 : S$1.72014. 2. Based on an illustrative exchange rate of US$1.0000 : S$1.28296. 3. Based on an illustrative exchange rate of A$1.0000 : S$0.8333. Estimated Total Cost (S$ million) Country Segment Estimated Completion Ongoing Acquisitions under Development 350.1 Manton Wood 87.21 East Midlands, UK 1H 2027 Towcester 262.91 East Midlands, UK 2H 2028 Ongoing Redevelopment 136.2 Logis Hub @ Clementi 136.2 Singapore 1H 2028 Ongoing AEI 20.9 5005 & 5010 Wateridge 11.22 San Diego, US 2H 2026 1-5 Thomas Holt Drive (NEW) 9.73 Sydney, Australia 1H 2027 TOTAL : 507.2 • Five ongoing projects as part of portfolio rejuvenation and to enhance returns. Estimated total cost: S$507.2 million • The Manager remains committed to identifying and executing new growth initiatives 19 Business Space & Life Sciences LogisticsIndustrial & Data Centres
Page 20
1H 2026 Financial Results CapitaLand Ascendas REIT 20 Asset Enhancement Initiative 1-5 Thomas Holt Drive, Sydney, Australia Description Repositioning of 5 Thomas Holt Drive into a modern multi-tenanted building. Conversion works include upgrading the lobby, adding new amenities and enhancing floorplate to support flexible subdivision. Property Segment Business Space Net Lettable Area 12,337 sqm (5 Thomas Holt Drive only) Cost1 S$9.7 million Completion Date 1H 2027 Forecourt* Lobby* 1. Based on an illustrative exchange rate of A$1.0000 : S$0.8333. *Artist’s Impression
Page 21
1H 2026 Financial Results CapitaLand Ascendas REIT 21 Proposed Divestment (New) Kim Chuan Telecommunications Complex, Singapore Description A 10-storey data centre building occupied by a single tenant since 2005 until 30 April 2026. Sale Price S$200.4 million Valuation1 (as at 30 Jun 2026) S$151.8 million Acquisition Year / Purchase Price 2005 / S$100.0 million GFA / NLA 35,456 sqm Estimated Completion Date 2H 2026 • Sale price is at a 32% premium to market valuation and double the original purchase price 1. The valuation for the property was commissioned by the Manager and HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CLAR, and was carried out by Savills Valuation And Professional Services (S) Pte Ltd using the income capitalisation method and discounted cash flow analysis. Kim Chuan Telecommunications Complex, Singapore
Page 22
22 04 Capital Management
Page 23
1H 2026 Financial Results CapitaLand Ascendas REIT 23 Healthy Balance Sheet • Aggregate leverage is healthy at 39.7% • Available debt headroom of ~$4.3 billion to reach MAS’ aggregate leverage limit of 50.0% As at 30 Jun 2026 As at 31 Dec 2025 As at 30 Jun 2025 Total Debt (S$ million)1, 2,3 8,275 7,563 6,709 Total Assets (S$ million)1,2 20,851 19,371 17,950 Aggregate Leverage1,2,4 39.7% 39.0% 37.4% Unitholders’ Funds (S$ million) 11,360 10,550 10,094 NAV per Unit 227 cents 229 cents 219 cents Adjusted NAV per Unit5 224 cents 221 cents 218 cents Units in Issue (million) 4,995 4,612 4,606 1. Excludes the effects of FRS 116. 2. In accordance with Property Funds Appendix, CLAR’s proportionate share of its joint ventures’ borrowings and deposited property values are included when computing the aggregate leverage. 3. Excludes fair value changes and amortised costs. Borrowings denominated in foreign currencies are translated at the prevailing exchange rates except for JPY/HKD-denominated debt issues, which are translated at the cross-currency swap rates that CLAR has committed to. 4. In accordance with the UK AIFM rules and regulations, the ratio of total gross borrowings to total net assets is 70.0%. 5. Adjusted for the amount to be distributed for the relevant period after the reporting date.
Page 24
1H 2026 Financial Results CapitaLand Ascendas REIT Key Funding Indicators • Robust financial metrics that exceed bank loan covenants by a healthy margin • A3 credit rating by Moody’s facilitates good access to wider funding options at competitive rates As at 30 Jun 2026 As at 31 Dec 2025 As at 30 Jun 2025 Interest Coverage Ratio (ICR)1 ICR Sensitivity • 10% decrease in EBITDA • 100 bps increase in interest rates2 3.5 x 3.2 x 2.8 x 3.6 x 3.3 x 2.8 x 3.7x 3.4 x 2.9 x Weighted Average All-in Debt Cost3 3.5% 3.5% 3.7% Weighted Average Tenure of Debt (years) 2.5 3.1 3.2 Fixed Rate Debt as % of Total Debt 70.1% 75.4% 75.9% Weighted Average Tenure of Fixed Debt (years) 3.3 3.8 3.7 Net Debt / Annualised EBITDA4 8.6 x 8.3 x 7.7 x Unencumbered Properties as % of Total Investment Properties5 99.6% 93.8% 93.2% 1. In accordance with MAS Code on Collective Investment Schemes dated 28 Nov 2025. Based on the trailing 12 months EBITDA (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), divided by the trailing 12 months interest expense, borrowing-related fees and distributions on perpetual securities. With reference to MAS Circular No. CFC 01/2021, the interest expense on lease liabilities was excluded as it is an accounting classification and does not reflect the serviceability of debt. The interest coverage ratio, excluding distributions on perpetual securities, is 3.7 x. 2.Based on hedged and unhedged debts as well as perpetual securities. 3.Based on year-to-date figures. 4.Net debt includes lease liabilities arising from FRS 116, 50% of perpetual securities, offset by cash and fixed deposits, while annualised EBITDA does not pro-rate for full year EBITDA from new acquisitions. 5. Total investment properties exclude properties reported as finance lease receivables. 24
Page 25
1H 2026 Financial Results CapitaLand Ascendas REIT Well-spread Debt Maturity Profile ▪ Average debt maturity is healthy at 2.5 years with the longest debt maturing in FY 2034 ▪ Green financing totalling S$3.0 billion accounts for about 36% of total borrowings1 Green Debt 1. Includes Green Perpetual Securities of S$300 million. 2. USD300 million (~S$384 million) of RCF will be termed out with a 3-year Committed Loan Facility due in FY 2029. 3. AUD564 million (~S$516 million) of RCF will be termed out with a 5.25-year Committed Loan Facility due in FY 2031. 4. JPY56.5 billion (~S$456 million) of RCF will be termed out with a 5-year Committed Loan Facility due in FY 2031. 25 3,4 3 22 4 59% 32% 9% Diversified Financial Resources
Page 26
1H 2026 Financial Results CapitaLand Ascendas REIT High Natural Hedge ▪ Maintained high level of natural hedge of ~73% for overseas investments to minimise the effects of any adverse exchange rate fluctuations 1. AUM: Assets Under Management (excluding properties which are under development) and based on CLAR’s proportionate interest in Osaka Data Centre 1. 26 AUD $ 65% USD $ 68% GBP £ 68% EUR € 100% A$ 2.5 b (S$ 2.3 b) A$ 1.7 b (S$ 1.5 b) US$ 1.7 b (S$ 2.2 b) US$ 1.2 b (S$ 1.5 b) £ 0.8 b (S$ 1.3 b) £ 0.5 b (S$ 0.9 b) € 0.4 b (S$ 0.6 b) € 0.4 b (S$ 0.6 b) ¥ 82.3 b (S$ 0.7 b) ¥ 80.6 b (S$ 0.7 b) 0.0 0.5 1.0 1.5 2.0 2.5 Total Australia AUM Total Australia Borrowings Total US AUM Total US Borrowings Total UK AUM Total UK Borrowings Total Europe AUM Total Europe Borrowings Total Japan AUM Total Japan Borrowings S$ billion JPY ¥ 98% 11 1 1 1
Page 27
27 05 Portfolio Management
Page 28
1H 2026 Financial Results CapitaLand Ascendas REIT Diversified Portfolio Across Developed Markets Note: Any discrepancies in the chart between the listed figures and totals thereof are due to rounding. Where applicable, figures and percentages are rounded to one decimal place. 1. Comprises 234 properties (excluding properties which are under development) and based on CLAR’s proportionate interests in 1, 1A and 1B Science Park Drive, Ascent and Osaka Data Centre 1. Multi-tenant buildings account for 72.1% of CLAR’s total portfolio AUM as at 30 Jun 2026. Portfolio AUM of S$20.1 billion1 as at 30 Jun 2026: o Singapore: S$13.1 billion o Australia: S$2.3 billion o United States: S$2.2 billion o United Kingdom/Europe: S$1.9 billion o Japan: S$0.6 billion Datapoint Key Items to check against Updated & Checked by Verified by Group AUM • To check the AUM • To check the footnote Hui Ying (13Jul) Winnie (16 Jul) Country AUM To check the breakdown of AUM at country level same as Finance’s deck Hui Ying (13Jul) Winnie (16 Jul) 28 Portfolio AUM S$20.1B1 65%, Singapore 12%, Australia 11%, United States 9%, United Kingdom / Europe 3%, Japan
Page 29
1H 2026 Financial Results CapitaLand Ascendas REIT Business Space, 35% Life Sciences, 9% Industrial, 19%Data Centre, 13% Logistics, 24% Multi-Asset Portfolio 32%, Industrial and Data Centres 24%, Logistics 44%, Business Space and Life Sciences Portfolio AUM S$20.1B1 Steering Towards Growth Sectors Steering our portfolio towards segments that cater to changing market and tenant requirements arising from structural trends as well as changing consumption patterns such as digitalisation and e-commerce. o Business Space and Life Sciences2: S$8.8 billion o Logistics3: S$4.9 billion o Industrial and Data Centres4: S$6.4 billion Note: Any discrepancies in the chart between the listed figures and totals thereof are due to rounding. Where applicable, figures and percentages are rounded to one decimal place. 1. Comprises 234 properties (excluding properties which are under development) and based on CLAR’s proportionate interests in 1, 1A and 1B Science Park Drive, Ascent and Osaka Data Centre 1. Multi-tenant buildings account for 72.1% of CLAR’s total portfolio AUM as at 30 Jun 2026. 2. Business Space and Life Sciences properties are in Singapore (33%), the US (8%) and Australia (3%). 3. Logistics properties are in Singapore (9%), Australia (8%), the UK (4%) and the US (3%). 4. Data Centres are in Singapore (5%), the UK/Europe (5%) and Japan (3%). Datapoint Key Items to check against Source Updated & Checked by Verified by Group AUM To check the AUM against Finance BSNote1 \\ascnas02\Streits01\0 9_PortfolioAnalysis\Qtr ly_Rpt\FY2025\Q3\Con sol qtrly rpt.xlsm Pf-Mix Tab Hui Ying (30Jan) Winnie (16 Jul) Industry AUM To check the breakdown of AUM at asset class level ties with total AUM Hui Ying (30Jan) Winnie (16 Jul) Country Breakdown based on Asset Class 29
Page 30
1H 2026 Financial Results CapitaLand Ascendas REIT 66.6% of customer base from Technology, Logistics and Life Sciences industries Tenant Industries By Monthly Rental Income2 A Diverse Mix of Tenants’ Business Industries Note: Any discrepancies in the chart between the listed figures and totals thereof are due to rounding. Where applicable, figures and percentages are rounded to one decimal place. 1. Technology industries refer to Data Centres, Engineering, Electronics, Information & Communications Technology and e-Commerce sectors. 2. As at 30 Jun 2026 and including CLAR’s proportionate interests in 1, 1A and 1B Science Park Drive, Ascent and Osaka Data Centre 1. Diversified across > 20 industries Datapoint Key Items to check against Updated & Checked by Verified by Tenant Profile Bar Chart) To make sure sum up to 100% Source: "T:\09_PortfolioAnalysis\Qt rly_Rpt\FY2025\Q3\ Profile (3Q25).xlsx" Hui Ying (30Jan) Winnie (16 Jul) Pie Chart (Distribution) To check the sum of Tech, LOG, LS industry Source: "T:\09_PortfolioAnalysis\Qt rly_Rpt\FY2025\Q3\ Profile (3Q25).xlsx" Hui Ying (30Jan) Winnie (16 Jul) Others, 33.4% Logistics & Supply Chain Management, 11.4% Biomedical Sciences, 10.2% 30 12.8% 11.4% 11.2% 10.2% 9.9% 7.4% 6.9% 4.5% 4.3% 4.2% 3.7% 3.7% 2.0% 1.8% 1.7% 1.7% 0.9% 0.6% 0.5% 0.2% 0.2% 0.1% 0.1% Data centres Logistics & Supply Chain Management Engineering Biomedical Sciences Electronics Information & Communications Technology Government Retail Financial Services Distributors & Trading Company e-Commerce Food & Beverages Chemical Real Estate Media Professional Services Education Textile & Garments Natural Resources / Energy / Utilities IO/NGOs/NPOs FMCG Hospitality & Leisure Agriculture Technology1, 45.0%
Page 31
1H 2026 Financial Results CapitaLand Ascendas REIT 3.6% 2.1% 2.0% 1.8% 1.8% 1.7% 1.3% 1.3% 1.1% 1.1% SEA Group Global Technology Company DSO National Laboratories DHL Global Technology Company Stripe, Inc. Entserv UK Limited Seagate Singapore DBS Bank Ltd. Citibank N.A. Quality and Diversified Customer Base 1. As at 30 Jun 2026 and including CLAR’s proportionate interests in 1, 1A and 1B Science Park Drive, Ascent and Osaka Data Centre 1. 2. The identities of the tenants are not disclosed due to strict confidentiality obligations under the lease agreements. Total Customer Base Monthly portfolio gross revenue Weighted average security deposit 1,802 tenants 17.8% by Top 10 Customers1 5.2 months 2 31 2 Top 10 Customers1 by Monthly Gross Revenue
Page 32
1H 2026 Financial Results CapitaLand Ascendas REIT 9 Tai Seng Drive, 4.6% Aperia, 3.2% Galaxis, 3.1% ONE@Changi City, 2.4% The Chess Building, 2.4% 510 Townsend Street, 2.3% 12, 14 & 16 Science Park Drive, 2.2% Nucleos, 2.0% Pioneer Hub, 1.9% 40 Penjuru Lane, 1.7% Croydon, 1.7% Neuros & Immunos, 1.7% 1, 3 & 5 Changi Business Park Crescent, 1.6% Techplace II, 1.3% 505 Brannan Street, 1.3% 80 Bendemeer Road, 1.2% The Shugart, 1.2% Techview, 1.2% 5 Science Park Drive, 1.1% The Galen, 1.1% 1, 1A and 1B Science Park Drive, 1.1% Techlink, 1.1% DBS Asia Hub, 1.1% Aries Gemini & Sparkle, 1.0% Corporation Place, 1.0% Techplace I, 1.0% Others, 54.5% Diversified Portfolio No single property contributes >5% of CLAR’s 1H 2026 gross revenue1 More than 200 properties contribute <1% each to CLAR’s 1H 2026 gross revenue 321. Includes CLAR’s proportionate interests in 1, 1A and 1B Science Park Drive, Ascent and Osaka Data Centre 1 which are not consolidated in the financial statements.
Page 33
1H 2026 Financial Results CapitaLand Ascendas REIT 90.1% 80.9% 91.1% 93.1% 100.0% 89.1%90.6% 85.7% 93.0% 93.1% 90.5%91.2% 87.3% 93.1% 98.9% 91.8% Singapore United States Australia United Kingdom / Europe Japan Total Portfolio Jun-26 Mar-26 Jun-25 Occupancy Portfolio 1. GFA as at 30 Jun 2026. 2. GFA for the US portfolio refers to Gross Lettable Area. 3. GFA for Australia portfolio refers to Gross Lettable Area or NLA. 4. GFA for the UK/Europe portfolio refers to Gross Internal Area. 5. Excluding 27 IBP and Summerville Logistics Center which were both completed in 2Q 2026, portfolio occupancy as at 30 Jun 2026 would be 90.3%. GFA (sqm)1 3,279,794 886,1212 780,2343 642,3734 21,069 5,609,591 Datapoint Key Items to check against Updated & Checked by Verified by Portfolio Occupancy “T:\09_Portfolio Analysis\Qtrly_R pt\FY2025\Q4\ Occ rate adjustment (4Q25) - with Avnet and Octogon included.xlsm"" 1) Occupancy synced with Occy Adjustment file 2) Prior quarter occupancy matches previous results PPT deck 3) Adjusted to include impact of Financial Occupancy 4) Excludes decommissioned assets 5) Check consolidated Occy formula in working file. Hui Ying (9 Apr) Winnie (16 jul) GFA 1) GFA ties to what is reported in Master Factsheet per annual valuation report and updated on an annual basis 2) Explain any movements in GFA, eg new acquisitions/divestmen ts, AEI/ATI development which increase GFA, De/Recommissioning of assets Hui Ying (9 Apr) Winnie (16 Jul) 5 33 -0.5 ppt QoQ -4.8 ppt QoQ -1.9 ppt QoQ 0.0 ppt QoQ -1.4 ppt QoQ Acquired in May 2026
Page 34
1H 2026 Financial Results CapitaLand Ascendas REIT Occupancy Singapore 1. Includes CLAR’s proportionate interests in 1, 1A and 1B Science Park Drive and Ascent. 2. Includes 5 Science Park Drive which was acquired on 6 Aug 2025, 9 Tai Seng Drive which was acquired on 11 Aug 2025 and 5 Toh Guan Road East which completed redevelopment on 18 Sep 2025, 9 Kallang Sector, Tuas Connection and 2 Pioneer Sector 1 which were acquired on 30 Dec 2025. 3. Excludes 30 Tampines Industrial Avenue 3 which was divested on 16 Oct 2025, 31 Ubi Road 1, 9 Changi South Street 3, 10 Toh Guan Road and 19 & 21 Pandan Avenue which were divested on 17 Dec 2025 and Logis Hub @ Clementi which was decommissioned for redevelopment in Nov 2025. 4. Same-store portfolio occupancy rates for previous quarters are computed with the same list of properties as at 30 Jun 2026, excluding new investments, divestments and redevelopments completed in the last 12 months. 5. Includes the recommissioned 27 IBP and CLAR’s proportionate interest in Ascent. • Occupancy decreased QoQ to 90.1% due to the addition of 27 IBP which was completed in April 2026 • Excluding 27 IBP, overall portfolio occupancy remained stable QoQ at 90.6% Datapoint Key Items to check against Updated & Checked by Verified by GFA 1) GFA ties to slide 16 and decks Winnie (16 Jul) Same Store Occupancy 1) Ensure the same pool of assets across the 3 reporting dates 2) Remove all acquisitions/divested assets and Decomm/Recomm assets from pool Occupancy of Investments Completed in the last 12 months 1) Only on the new acquisitions for the respective reporting dates Winnie (16 Jul) Overall portfolio Occupancy 1) Occupancy on an all store basis Occy Adjustment file matches previous results PPT deck 4) Adjusted to include impact of Financial Occupancy 5) Excludes decommissioned assets FOR REFERENCE 30 Jun 2026 31 Mar 2026 30 Jun 2025 Singapore Portfolio Occupancy (same store) Occ as of the date, i.e. 30 Jun 26, 31 Mar 26, 30 30 Jun 25 to 30 Jun 26 SS excludes: 21JB, 5SPD, 9TSD, 5TG, 9KS, Tuas Con, Tamp, Logishub@Clementi, Ascent, 1 SPD, 27 IBP Occupancy of Investments Completed in the last 12 months Occ from 1 July 25 to 30 Jun 26 Occ Mar 26 30 Jun 26 Occ for Jun 25 PS 1, Tuas Con, 9 KallS, Ascent NA 34 As at 30 Jun 2026 31 Mar 2026 30 Jun 2025 Total Singapore Portfolio GFA (sqm) 3,279,7941,2,3 3,189,8702,3 3,148,830 Singapore Portfolio Occupancy (Same-store)4 90.5% 90.4% 91.3% Occupancy of Investments and Redevelopments Completed in the Last 12 Months 87.4%2,5 93.0%2 NA Overall Singapore Portfolio Occupancy 90.1%1,2,3 90.6%2,3 91.2% Singapore MTB Occupancy 87.7% 88.2% 88.7%
Page 35
1H 2026 Financial Results CapitaLand Ascendas REIT Occupancy US 1. Excludes 8700-8770 Nimbus which was divested on 30 Dec 2025 and includes DHL Canal Winchester which was acquired on 29 Jan 2026. 2. Includes Summerville Logistics Center which was completed on 6 Apr 2026. 3. Same-store portfolio occupancy rates for previous quarters are computed with the same list of properties as at 30 Jun 2026, excluding new investments and divestments completed in the last 12 months. 4. Refers to DHL Canal Winchester which was acquired on 29 Jan 2026 and Summerville Logistics Center which was completed on 6 Apr 2026. 5. Refers to DHL Canal Winchester which was acquired on 29 Jan 2026. 6. Refers to DHL Indianapolis Logistics Center which was acquired on 15 Jan 2025. • Occupancy decreased QoQ to 80.9% due to the addition of Summerville Logistics Center which completed development in April 2026 • Excluding Summerville Logistics Center, overall portfolio occupancy remained stable QoQ at 85.9% FOR REFERENCE 30 Jun 2026 31 Mar 2026 30 Jun 2025 US Portfolio Occupancy (same store) Occ as of the date, i.e. 30 Jun 26, 31 Mar 26 and 30 1 Jul 25 to 30 Jun 26 [Excl 8700 Nimbus & DHLWinchester, Summerville] Occupancy of Investments Completed in the last 12 months 30 Jun 26 Occ for to 30 26 [DHL Winchester, Summerville] Occ Mar 26 30 Jun 26 Occ for from Jun 25 [DHL Indy] Datapoint Key Items to check against Updated & Checked by Verified by GFA 1) GFA ties to slide 18 and decks Daryl (9 Jul) SO: 18 Jul Same Store Occupancy 1) Ensure the same pool of assets across the 3 reporting dates 2) Remove all acquisitions/divested assets and Decomm/Recomm assets from pool Daryl (9 Jul) SO: 18 Jul Occupancy of Investments Completed in the last 12 months 1) Only on the new acquisitions for the respective reporting dates Daryl (9 Jul) SO: 18 Jul Overall portfolio Occupancy 1) Occupancy on an all store basis Occy Adjustment file matches previous results PPT deck 4) Adjusted to include impact of Financial Occupancy 5) Excludes decommissioned assets Daryl (9 Jul) SO: 18 Jul 35 As at 30 Jun 2026 31 Mar 2026 30 Jun 2025 Total US Portfolio GFA (sqm) 886,1211,2 835,1301 768,430 US Portfolio Occupancy (Same-store)3 84.6% 84.4% 87.3% Occupancy of Investments Completed in the Last 12 Months 57.9%4 100%5 100%6 Overall US Portfolio Occupancy 80.9% 85.7% 87.3%
Page 36
1H 2026 Financial Results CapitaLand Ascendas REIT Occupancy Australia 1. Excludes 95 Gilmore Road which was divested on 10 Dec 2025. 2. Same-store portfolio occupancy rates for previous quarters are computed with the same list of properties at 30 Jun 2026 excluding new investments and divestments completed in the last 12 months. • Occupancy decreased QoQ to 91.1% due to lease expiry at 1-5 Thomas Holt Drive, a business space property in Sydney (30 Jun 2026: 54.2% vs 31 Mar 2026: 94.7%). Conversion works underway to enhance property’s suitability for multi-tenant occupancy. Commitment secured for approximately 60% of vacated space • Occupancy of Logistics portfolio remained healthy at 92.9% FOR REFERENCE 30 Jun 2026 31 Mar 2026 30 Jun 2025 Australia Portfolio Occupancy (same store) Occ as of the date, i.e. 30 Jun 26, 31 Mar 26 and 30 1 Jul 25 to 30 Jun 26 [Exclude Gilmore Road] Occupancy of Investments Completed in the last 12 months 30 Jun 26 Occ for to 30 26 Occ Mar 26 30 Jun 26 Occ for from Jun 25 Datapoint Key Items to check against Updated & Checked by Verified by GFA 1) GFA ties to slide 17 Overview and respective dates of prior IR decks Yi En (9 Apr) YW (9 Apr) Same Store Occupancy 1) Ensure the same pool of assets across the 3 reporting dates 2) Remove all acquisitions/divested assets and Decomm/Recomm assets from pool Yi En (9 Apr) YW (9 Apr) Occupancy of Investments Completed in the last 12 months 1) Only on the new acquisitions for the respective reporting dates Yi En (9 Apr) YW (9 Apr) Overall portfolio Occupancy 1) Occupancy on an all store basis Occy Adjustment file matches previous results PPT deck 4) Adjusted to include impact of Financial Occupancy 5) Excludes decommissioned assets Yi En (9 Apr) YW (9 Apr)36 As at 30 Jun 2026 31 Mar 2026 30 Jun 2025 Total Australian Portfolio GFA (sqm) 780,2341 780,2341 822,635 Australian Portfolio Occupancy (Same-store)2 91.1% 93.0% 92.7% Occupancy of Investments Completed in the Last 12 months N.A. N.A. N.A. Overall Australian Portfolio Occupancy 91.1% 93.0% 93.1%
Page 37
1H 2026 Financial Results CapitaLand Ascendas REIT Occupancy UK/Europe 1. Excludes Astmoor Road which was divested on 7 Nov 2025. 2. Includes the portfolio of six Grade A logistics properties in Spain which was acquired on 27 Feb 2026. 3. Same-store portfolio occupancy rates for previous quarters are computed with the same list of properties as at 30 Jun 2026, excluding new investments and divestments completed in the last 12 months. 4. Refers to the portfolio of six Grade A logistics properties in Spain which was acquired on 27 Feb 2026. • Occupancy remained stable QoQ at 93.1% Datapoint Key Items to check against Updated & Checked by Verified by GFA 1) GFA ties to slide 18 and decks Jing Yong [12th Jul] SO: Same Store Occupancy 1) Ensure the same pool of assets across the 3 reporting dates 2) Remove all acquisitions/divested assets and Decomm/Recomm assets from pool Jing Yong [12th Jul] Removed Runcorn from all buckets Used financial occy for 30 Jun 2025 (BP’s RG at Watford) SO: 18 Jul Occupancy of Investments Completed in the last 12 months 1) Only on the new acquisitions for the respective reporting dates Jing Yong [12th Jul] SO: 18 Jul Overall portfolio Occupancy 1) Occupancy on an all store basis Occy Adjustment file matches previous results PPT deck 4) Adjusted to include impact of Financial Occupancy 5) Excludes decommissioned assets Jing Yong [12th Jul] Used financial occy for 30 Jun 2025 (BP’s RG at Watford) SO: 18 Jul FOR REFERENCE 30 Jun 2026 31 Mar 2026 30 Jun 2025 UK/Europe Portfolio Occupancy (same store) Occ as of the date, i.e. 30 Jun 26, 31 Mar 26 and 30 1 Jul 25 to 30 Jun 26 [Excl Astmoor Road] [Excl 6 Log properties in Spain] Occupancy of Investments Completed in the last 12 months 30 Jun 26 Occ for to 30 26 in Spain] Occ Mar 26 30 Jun 26 Occ for from Jun 25 37 As at 30 Jun 2026 31 Mar 2026 30 Jun 2025 Total UK/Europe Portfolio GFA (sqm) 642,3731,2 642,3731,2 588,305 UK/Europe Portfolio Occupancy (Same-store)3 91.8% 91.8% 98.8% Occupancy of Investments Completed in the Last 12 Months 100%4 100%4 N.A. Overall UK/Europe Portfolio Occupancy 93.1% 93.1% 98.9%
Page 38
1H 2026 Financial Results CapitaLand Ascendas REIT Sources of New Demand By Gross Rental Income (1H 2026) Datapoint Key Items to check against Source Files Updated & Checked by Verified by Tenant profile Based on industry classification reflected in monthly TS To ensure new tenants and vacated tenants industry classifications are added/removed SG: "P:\1. SMI\Analyst s\Mthly_Rpt s\GR Reversion Tracking\FY 2025\Conso l qtrly rpt.xlsm“ IPM: draft sources of new demand _ WORKING FILE - 2026.xlsx (13 Jul) IPM: SG: Winnie (16 Jul) IPM: SO 18 Jul Rental income contribution To ensure TS reflects latest passing rents for the reporting month Rents should be checked for any step ups occurring in the quarter period (13 Jul) Apr) SG: Winnie (16 Jul) IPM: SO 18 Jul 38 1. Refers to the US, Australia, the UK/Europe and Japan. IT & Data Centers, 25.2% Government and IO/NGOs/NPOs, 17.5% Electronics, 15.3% Engineering, 11.7% Lifestyle, Retail and Consumer Products, 8.5% Logistics & Supply Chain Management, 7.1% Financial & Professional Services, 6.0% Energy, Chemicals and Materials, 4.8% Biomedical and Agri/Aquaculture, 2.6% Distributors & Trading Company, 1.0% Education and Media, 0.3% Singapore Logistics & Supply Chain Management, 43.1% Financial & Professional Services, 35.0% Construction , 7.8% Energy, Chemicals and Materials, 5.4% Electronics, 2.8% Distributors & Trading, 2.4% Biomedical and Agri/Aquaculture, 2.1% Lifestyle, Retail and Consumer Products, 1.4% Overseas1
Page 39
1H 2026 Financial Results CapitaLand Ascendas REIT Portfolio Rental Reversions • Average portfolio rental reversion of leases renewed in 2Q 2026 and 1H 2026 was 5.2% and 8.5%, respectively • Rental reversion for FY 2026 is expected to remain positive in the high single-digit range % Change in Renewal Rates for Multi-tenant Buildings1 2Q 2026 1Q 2026 2Q 2025 Singapore 5.0% 10.5% 7.8% Business Space & Life Sciences 5.1% 12.8% 5.9% Logistics 1.6% 12.2% 6.0% Industrial & Data Centres 6.4% 7.4% 9.5% US 8.7% 15.1% 10.9% Business Space & Life Sciences 9.2% 15.1% 11.0% Logistics 8.4% -2 9.2% Australia 8.2% 3.5% 3.5% Business Space 8.2% -2 2.4% Logistics -2 3.5% 18.6% UK/Europe -%2 -%2 -2 Data Centres -2 -2 -2 Logistics -2 -2 -2 Total Portfolio: 5.2% 10.6% 8.0% 1. Percentage change of the average gross rent over the lease period of the renewed leases against the preceding average gross rent from lease start date. Takes into account renewed leases that were signed in their respective periods and average gross rents are weighted by area renewed. 2. There were no renewals signed in the period for the respective segments. Datapoint Key Items to check against Updated & Checked by Verified by MTB GR Reversion 1.Check against outputs from consol quarterly file 2.Reminder to exclude renewal leases <12 months (STREN), Single Let Buildings (SLBs) and retail/amenity space usage. Source: "T:\09_PortfolioAnalysi s\Qtrly_Rpt\FY2025\Q3\Consol qtrly rpt.xlsm", “Rental” Tab SG: Hui Ying (13 Jul) AU: UKEU: Jing Yong [12th Jul] US: Daryl (9 Jul) Group: Hui Ying (13 Jul) SG: Winnie (16 Jul) AU: US: SO(18 Jul) UK: SO(18 Jul) Group: 39
Page 40
1H 2026 Financial Results CapitaLand Ascendas REIT Weighted Average Lease Expiry WALE as at 30 Jun 2026 Years Singapore 3.6 US 4.2 Australia 3.6 UK/Europe 4.9 Japan 13.8 Portfolio 4.0 By Gross Revenue against Checked by Expiry Date 1.Based on outputs from Trust WALE file 2.To ensure lease expiry dates accurate and captured in calculation \09_PortfolioAnalysis\ \WALE\FY202 \CL_WALE_Trust_Sep2 Hui Ying (13 Jul) th Apri] – Daryl (9 Jul) income cont as base WALE calculati 1.To ensure TS reflects passing rents for the 2.Rents should be checked for step ups occurring in the period \09_PortfolioAnalysis\ \WALE\FY202 \CL_WALE_Trust_Sep2 Hui Ying (13 Jul) th Jul] – Daryl (9 Jul) SO (18 Jul) 40 • Portfolio WALE remained stable at 4.0 years
Page 41
1H 2026 Financial Results CapitaLand Ascendas REIT Portfolio Lease Expiry Profile As at 30 Jun 2026 1. New leases refer to new, expansion and renewal leases. Excludes leases from new acquisitions. • Portfolio WALE of 4.0 years • Lease expiry is well-spread, extending beyond FY 2030 • Weighted average lease term of new leases1 signed in 1H 2026 was 2.9 years and contributed 2.4% of 1H 2026 total gross revenue • 9.6% of gross rental income is due for renewal in FY 2026 Breakdown of expiring leases in the remainder of FY 2026 Geography Segment Datapoint Key Items to check against Source Updated & Checked by Verified by SLB and MTB split Based on master factsheet Ensure any vacant SLBs are classified as MTBs and vice versa when an MTB becomes single let Check for casting when summing up MTB and SLB contributions \\ascnas02\Str eits01\09_Portf olioAnalysis\02 _Public\WALE\ FY2025\CL_W ALE_Trust_Se p25.xlsm, “Portfolio WALE – PF” tab HuiYing (13Jul) Winnie (16 Jul) Rental income contribution as base for WALT calculation Based on WALT file Lease terms (NTU, REN and EXP) in WALT file should be updated, Area, lease commencement date, lease expiry date, effective rent, industry classification \\ascnas02\Str eits01\09_Portf olioAnalysis\02 _Public\WALE\ FY2025\Wt Ave Lease Term of New Leases_3Q25. xlsm HuiYing (13Jul) Winnie (16 Jul) Sector Classification Ensure calculation takes into account any change in classification or during the quarter period Check for casting when summing up sector contributions HuiYing (13Jul) Winnie (16 Jul) 41 Business Space & Life Sciences, 43.7% Industrial & Data Centres, 29.3% Logistics, 27.0% 2.6% 4.5% 3.7% 2.2% 14.8%7.0% 16.1% 14.6% 10.4% 24.1% 9.6% 20.6% 18.3% 12.6% 38.9% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% FY26 FY27 FY28 FY29 FY30 - FY48 % of Gross Rental Income (Total Portfolio) Single-tenant Buildings Multi-tenant Buildings Singapore, 84.2% Australia, 2.9% US, 1.1% UK/Europe, 11.8%
Page 42
42 07 Sustainability
Page 43
1H 2026 Financial Results CapitaLand Ascendas REIT Continued Momentum for Green Initiatives Information as at 30 Jun 2026 1. Includes all properties in which CLAR holds an interest, such as 1, 1A and 1B Science Park Drive, Ascent and Osaka Data Centre 1. 2. For owned and managed, there are 71 properties with green certification (78% of owned and managed GFA). 3. Green Financing comprising Green Bond, Green Perpetual Securities and Green Loans, accounts for about 36% of CLAR’s total borrowings. 4. Calculated based on projected solar energy generated and national average consumption (household electricity consumption as at Jun-25 by Singapore’s Energy Market Authority) of a four-room Housing & Development Board (HDB) public housing. 5. For more information on CLAR’s Sustainability Committee and ESG Targets, please refer to CLAR’s website at https://www.capitaland-ascendasreit.com/en/sustainability.html. CLAR continues to push boundaries in our environmental efforts, embodying our commitment as a responsible real estate player 77% Green-certified properties (by GFA)2 GREEN PROPERTIES¹ 84 156 168 FY2024 FY2025 YTD FY2026 GREEN ENERGY One of the largest combined rooftop solar installations in Singapore amongst S-REITs • Additional eight Singapore properties installed with solar panels in 2026 (Total: 38 properties) • Projected solar generation could power >8,000 4-room HDB4 flats annually ~S$3B Green financing3 GREEN FINANCING FY2024 FY2025 YTD FY2026 S$2,653m 63% Coverage by Net Leasable Area (NLA) GREEN LEASE¹ Green lease coverage improved by 5% compared to end-2025. S$3,330m 5 Science Park Drive, Singapore 5 Toh Guan Road East, Singapore 43 S$2,953m 25 GWh 30 GWh 34 GWh Annual solar generation FY2024 FY2025 FY2026 (Estimated) DHL Canal Winchester, United States 5 Science Park Drive, Singapore
Page 44
44 06 Market Outlook
Page 45
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook According to the IMF • Global growth is projected to slow to 3.0% in 2026 from 3.5% in 2025 • The slowdown largely reflects the effects of the conflict in the Middle East, partly offset by accelerated momentum in the global technology cycle driven by artificial intelligence Global Economic Growth Source: IMF World Economic Outlook. Macro Environment 45
Page 46
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook Sources: MTI, MAS. Singapore • In 2Q 2026, GDP grew by 5.7% YoY, easing from the 6.3% growth in 1Q 2026 • The MAS expects Singapore’s economy to grow at a firm pace in 2H 2026, supported by global AI-related capex, a significant construction project pipeline and steady expansion in the financial sector underpinned by strong credit growth Economic Growth • In Jun 2026, core inflation picked up to 1.6% YoY from 1.4% in May 2026 due to an increase in food, services and retail & other goods inflation • In Jul 2026, the MAS tightened its monetary policy as external price pressures are expected to persist and pass through more broadly to domestic consumer prices before moderating discernibly from around mid-2027 Inflation and Interest Rates CLAR SG Portfolio (S$13.1B as at 30 Jun 2026) • Cornerstone of CLAR’s portfolio, accounting for 65% of total portfolio value • Multi-asset portfolio comprising Business Space & Life Sciences, Industrial & Data Centres and Logistics properties • The Manager will continue to pursue opportunities to further strengthen the portfolio and optimise returns through acquisitions, redevelopments and AEIs, as well as divestments 46
Page 47
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook Sources: IMF World Economic Outlook, US Bureau of Economic Analysis, US Federal Reserve (the Fed). US • In 2Q 2026, the US economy grew by 1.5% QoQ due to increases in consumer spending, investment, exports and imports, partly offset by a decrease in government spending • The IMF estimated that the US economy will expand by 2.3% in 2026, extending the 2.1% expansion in 2025 Economic Growth CLAR US Portfolio (S$2.2B as at 30 Jun 2026) • Portfolio comprises Business Space & Life Sciences and Logistics properties • The Manager continues to focus on proactive asset management to enhance operational performance • CLAR’s US portfolio has a long WALE of 4.2 years with approximately 1.0% of the portfolio’s gross rental income due for renewal in the remainder of FY 2026 • Core CPI rose 2.6% for the 12 months ending Jun 2026 following a 2.9% increase over the 12 months ending May 2026 • In Jul 2026, the Fed maintained the target range at 3.50%-3.75%. While inflation remains elevated, economic activity is expanding at a solid pace despite elevated uncertainty Inflation and Interest Rates 47
Page 48
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook Australia CLAR AU Portfolio (S$2.3B as at 30 Jun 2026) • Portfolio comprises Business Space and Logistics properties • Healthy portfolio occupancy rate of 91.1% and WALE of 3.6 years will underpin the portfolio’s stable performance • In 1Q 2026, the Australian economy grew 0.3% QoQ, reflecting subdued household and government consumption, as well as adverse weather impacts that hampered mining production and exports. • The IMF estimated GDP growth to be 1.9% in 2026, a similar level to the 2.0% growth in 2025 Economic Growth • All groups CPI rose 3.8% for the 12 months to Jun 2026, down from 4.0% for the 12 months to May 2026 • In Jun 2026, the RBA maintained its cash rate target at 4.35% following three increases since the beginning of the year due to tighter financial conditions currently and signs of a slowing economy Inflation and Interest Rates Sources: Australian Bureau of Statistics, IMF, RBA 48
Page 49
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook UK/Europe Sources: BOE, UK Office for National Statistics, ECB, European Commission. • In 1Q 2026, the UK economy grew by 0.6% QoQ • The IMF estimated that growth is expected to slow to 1.0% in 2026, from 1.4% in 2025 • In Jul 2026, the BoE held the Bank Rate at 3.75%. While inflation had fallen, it is expected to rise later in 2026 as the effects of higher energy prices continue to pass through UK Economic Growth, Inflation & Interest Rates • In 2Q 2026, the EU economy increased by 0.5% QoQ • EU GDP growth is projected to slow to 1.1% in 2026, 30 bps lower than its previous forecast • The ECB kept its key interest rates unchanged in Jul 2026. The full inflationary impact of the energy shock has yet to play out and the Governing Council is closely monitoring the intensity and duration of the energy shock EU Economic Growth, Inflation & Interest Rates CLAR UK/EU Portfolio (S$1.9B as at 30 Jun 2026) • Portfolio comprises Logistics and Data Centre properties • The Manager plans to redevelop a data centre as well as a logistics property in the UK, and will capitalise on future opportunities to enhance the portfolio quality through acquisitions, redevelopments and AEIs in the UK/Europe 49
Page 50
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook Japan CLAR JP Portfolio (S$0.6B as at 30 Jun 2026) • Portfolio comprises a 49% interest in a Tier III hyperscale data centre in Greater Osaka • The data centre is fully occupied by one of the global investment grade data centre hyperscalers with a remaining WALE of approximately 14 years • In 1Q 2026, the Japanese economy grew at a faster rate of 0.5% QoQ compared to 0.2% in 4Q 2025 according to the Cabinet Office • GDP growth is estimated to be 0.9% for 2026 according to the Cabinet Office’s Jul 2026 forecast Economic Growth • In Jun 2026, all items CPI rose by 1.7% YoY, an increase from 1.5% in May 2026 • The BOJ maintained its policy rate at 1.0% in Jul 2026 against the backdrop of an economy that is still growing moderately, expectations of rising inflation and accommodative financial conditions Inflation and Interest Rates Sources: Cabinet Office, Government of Japan and BOJ. 50
Page 51
1H 2026 Financial Results CapitaLand Ascendas REIT Market Outlook Summary CLAR Portfolio (S$20.1B as at 30 Jun 2026) • CLAR’s global portfolio is diversified across five developed geographies while remaining anchored in Singapore • The multi-asset portfolio is closely aligned with knowledge, innovation, digital, and e-commerce & trade economies • With a strong balance sheet, ample financial flexibility, a resilient portfolio and a clear growth strategy, CLAR is well-positioned to deliver stable, sustainable returns to Unitholders • According to the IMF, risks to the global economic outlook remain tilted to the downside. Further escalation of geopolitical tensions could compound inflationary pressures and weigh on economic activity. Global Environment Source: IMF World Economic Outlook, Jul 2026. 51
Page 52
52 08 Appendix
Page 53
1H 2026 Financial Results CapitaLand Ascendas REIT 80.7% 93.7% 96.3% 77.9% 90.5% 89.4% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Business Space & Life Sciences Industrial & Data Centres Logistics Occupancy Rate CLAR JTC Statistics Singapore Occupancy CLAR vs Industrial Average Source : CLAR's Singapore portfolio as at 30 Jun 2026. Market: 2Q 2026 JTC statistics. The occupancy rate (90.5%) for the multiple-user factory is taken as a proxy for Industrial & Data Centres. Datapoint Key Items to check against Updated & Checked by Verified by CLAR Occ Update cluster financial occupancy Hui Ying (9 Apr) YW (30 Jan) JTC Stats Update JTC stats Hui Ying (9 Apr) YW (30 Jan) 53
Page 54
1H 2026 Financial Results CapitaLand Ascendas REIT 0.00 20.00 40.00 60.00 80.00 100.00 120.00Rental Index (Base Year: 4Q2012) Rental Index of All Singapore Industrial Property $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 $5.5 $6.0 $6.5 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Rental ($/psfpm) Average Gross Rents ($ psf per month) CBRE High-Specifications Light ground floor - CBRE Light Industrial Log ground floor - CBRE Logistics SBP (City Fringe) - CBRE Business Park (City Fringe) SBP (rest of island) - CBRE Business Park (Rest of Island) Average Market Rents (Singapore) By Segment Source: CBRE Market View Report 1Q 2026 for Business Park (City Fringe), Business Park (Rest of Island), High-Specifications, Light Industrial and Logistics. Business Park (Rest of Island): $3.55 psfpm Business Park (City Fringe): $6.15 psfpm High-Specifications: $3.53 psfpm Logistics: $1.91 psfpm Light Industrial: $1.81 psfpm 1Q 2026, 113.20 54
Page 55
1H 2026 Financial Results CapitaLand Ascendas REIT Singapore Industrial Market New Supply1,2 • Potential new supply of 3.09 million sqm (5.7% of existing stock) over next 4 years, of which ~80% are pre-committed • Island-wide occupancy as of 31 March 2026 was 88.9%, an increase of 0.2 ppt as compared to the previous quarter Sector ('000 sqm) 2026 2027 2028 ≥2029 New Supply (Total) Existing Supply (Total) % of New/ Existing supply Business & Science Park 0 0 0 0 - 2,693 - % of Pre-committed (est) - - - - - Industrial & Data Centres3 367 1,121 404 387 2,279 39,354 5.8% % of Pre-committed (est) 89% 81% 49% 86% 77% Logistics & Distribution Centres 106 336 282 91 815 12,358 6.6% % of Pre-committed (est) 100% 95% 64% 100% 85% Total 473 1,457 686 478 3,094 54,405 5.7% Total % Pre-committed (est) 91% 84% 55% 89% 80% - - Note: 1. Excludes projects under 7,000 sqm. Based on gross floor area (GFA). Numbers may not add up due to rounding. 2. Based on confirmed projects, with year of completion between 2026 – 2030. 3. Accounting for both Multi-User and Single User Factory. Source: JTC Industrial Report 1Q 2026, CLAR Internal Research 55
Page 56
1H 2026 Financial Results CapitaLand Ascendas REIT Singapore Industrial & Data Centres New Supply1 Expected Completion Proposed Project Developer Location GFA (sqm) % Pre-committed (Estimated) 2027 Multiple User Factory Soon Hock Land Pte Ltd Tuas Link Close 68,900 0% 2027 Single User Factory VisionPower Semiconductor Manufacturing Pte. Ltd. Tampines Industrial Avenue 1 232,600 100% 2027 Additions/alterations to existing factory Micron Semiconductor Asia Operations Pte Ltd North Coast Drive 277,180 100% 2027 Single User Factory STA Pharmaceutical Singapore Pte Ltd Tuas South Ave 5 90,090 100% 2027 Single User Factory Astrazeneca Pharmaceuticals Singapore Pte Ltd Tuas South Avenue 5 62,440 100% 2028 Multiple-user factory CL Savour Property Pte Ltd Kallang Way 111,140 N.A. 2 2029 Single User Factory Malkoha Pte Ltd Sunview Way 171,180 100% 2030 Single-user factory SSCK Pte Ltd Tampines Industrial Avenue 2 143,580 100% 1,157,110 93% Note: 1. Includes only projects above 50,000 sqm. Based on gross floor area (GFA). Numbers may not add up due to rounding. 2. Development for strata sales. Source: JTC Industrial Report 1Q 2026, CLAR Internal Research 56
Page 57
1H 2026 Financial Results CapitaLand Ascendas REIT Singapore Logistics New Supply1 Expected Completion Proposed Project Developer Location GFA (sqm) % Pre-committed (Estimated) 2026 Warehouse development Cogent Jurong Island Pte Ltd Tembusu Crescent 62,500 100% 2027 Warehouse development PSA Corporation Limited Tuas South Ave 5 236,000 100% 2027 Warehouse development at Pioneer Turn Pioneer Turn Logistics Pte Ltd Pioneer Turn 55,480 70% 2028 Warehouse development at Sunview Road Allied Sunview Pte Ltd Sunview Road 142,670 70% 2028 Warehouse development at Clementi Loop CapitaLand Ascendas REIT Clementi Loop 58,820 0% 2029 Warehouse development at Tuas South Ave 10 Eng Kong Logistics Hub Pte Ltd Tuas South Ave 10 73,850 100% 629,320 81% Note: 1. Includes only projects above 50,000 sqm. Based on gross floor area (GFA). Numbers may not add up due to rounding. Source: JTC Industrial Report 1Q 2026, CLAR Internal Research 57
Page 58
1H 2026 Financial Results CapitaLand Ascendas REIT US Logistics Acquisition DHL Canal Winchester, Columbus, US Purchase Consideration S$94.5 million1 (US$73.8 million) Acquisition fee and Estimated Professional and Other Fees S$1.9 million1 (US$1.5 million) Total Acquisition Cost S$96.4 million1 (US$75.3 million) Vendor RES Canal Winchester I LLC Valuation (as at 1 Jan 2026)2 S$97.7 million (US$76.3 million) Land Tenure Freehold NLA 755,160 sq ft Occupancy (as at 30 Jun 2026) 100% WALE3 (as at 30 Jun 2026) 4.5 years Key Tenant DHL Initial NPI Yield4 7.4% (7.2% post-transaction costs) DPU Accretion5 0.1% Completion Date 29 Jan 2026 1. Based on an illustrative exchange rate of US$1.00000 : S$1.28053 2. The valuation was commissioned by the Manager and HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CLAR, and was carried out by JLL Valuation & Advisory Services LLC using the direct capitalisation and discounted cash flow approaches 3. Based on gross rental income. 4. The NPI yield is derived using the estimated NPI expected in the first year after the acquisition. 5. The estimated pro forma impact is calculated based on the following assumptions: (i) CLAR had completed the acquisition on 1 Jan 2024 and held the property through 31 Dec 2024; (ii) the acquisition was funded based on a funding structure of 60% equity and 40% debt and (iii) the Manager elects to receive 80% of its base fee in cash and 20% in units of CLAR. DHL Canal Winchester, US o Modern single-storey Class A logistics property completed in 2024 with key features like high ceiling height of 40 feet and cross-dock configuration o Strategically located in Columbus – Along Highway 33 and within 30 km of Downtown Columbus and Rickenbacker International Airport, a major cargo hub with global air links and coast-to-coast rail service. o Excellent connectivity – Easy access to three interstate highways, including major routes I-70 and I-71 58
Page 59
1H 2026 Financial Results CapitaLand Ascendas REIT UK/Europe Logistics Portfolio Acquisition Six prime Grade A logistics properties in Madrid and Barcelona, Spain’s deepest and largest logistics markets 1. An illustrative exchange rate of €1.00000 : S$1.49551 is used for all conversions from Euro amounts into Singapore Dollar amounts. 2. The valuation as at 31 Oct 2025 was carried out by CBRE Valuation Advisory S.A. using the income capitalisation method. 3. The NPI yield is derived using the estimated NPI expected in the first year after the acquisition and includes tenant incentives provided by the vendor, based on existing lease agreements. 4. The estimated pro forma impact is calculated based on the following assumptions: (i) CLAR had completed the acquisition on 1 Jan 2025 and held the portfolio through 31 Dec 2025; (ii) the acquisition was funded based on a funding structure of 60% equity and 40% debt and (iii) the Manager elects to receive 80% of its base fee in cash and 20% in units of CLAR. 59 Four prime Grade A logistics properties in Barcelona Proposed Portfolio Acquisition Total of six Grade A logistics properties Total Gross Purchase Consideration1 S$185.4 million / €124.0 million (5.9% discount to Portfolio Valuation) Total Portfolio Valuation1,2 S$197.0 million / €131.7 million Total Investment Cost S$181.0 million / €121.0 million Vendor Mona Lisa Holdco (Spain), B.V. Thunder (Spain) Propco III, S.L.U. Initial NPI Yield3 6.3% (6.5% post transaction costs) DPU Accretion4 0.1% Completion Date 27 Feb 2026 Four prime Grade A logistics properties in Barcelona Two prime Grade A logistics properties in Madrid Two prime Grade A logistics properties in Madrid SPAIN, EUROPE Madrid Barcelona
Page 60
1H 2026 Financial Results CapitaLand Ascendas REIT 60 2 prime Grade A logistics properties in Madrid 4 prime Grade A logistics properties in Barcelona Two prime Grade A logistics properties in Madrid Four prime Grade A logistics properties in Barcelona GFA 98,825 sqm Land Lease Tenure Freehold Occupancy (as at 30 Jun 2026) 100% WALE1 (as at 30 Jun 2026) 7.4 years (leases have index-linked annual rental adjustments) Tenant Business Sectors Retail, fashion, food & groceries, electronics, transportation & logistics UK/Europe Logistics Portfolio Acquisition Modern specifications and fully occupied by renowned and well-established tenants with a long WALE of 7.4 years 1. Based on gross rental income.
Page 61
1H 2026 Financial Results CapitaLand Ascendas REIT 61 o Features a modern four-storey ramp-up logistics building, 13 standalone industrial buildings mainly used for warehousing, terrace workshops and open yard space o Remaining land lease tenure of 27.7 years o Sale and leaseback to Toll on an absolute triple-net lease for 12 years with built -in annual rent escalation of 2.5% Name and Location 25 Loyang Crescent, Singapore 508988 Purchase Consideration S$504.2 million1 (2.7% discount to valuation) Acquisition and Other Estimated Fees S$32.7 million Total Acquisition Cost S$536.9 million Seller Toll Offshore Petroleum Services (Toll) Valuation (as at 1 Jan 2026) S$518.0 million1 GFA) / NLA2 165,711 sqm (current plot ratio of 0.52) / 197,800 sqm Occupancy 100% WALE3 13.4 years (built-in annual rent escalation of 2.5% for the first term of 12 years) Master Lessee Toll Initial NPI Yield4 6.9% (6.4% post-transaction costs) Estimated Completion Date 3Q 2026 Changi Airport 25 Loyang Crescent 1. Includes upfront land premium of S$46.35 million. 2. NLA exceeds GFA due to the inclusion of leasable yard space. 3. Based on revenue. 4. The NPI yield is derived using the estimated NPI expected in the first year after the acquisition and is calculated based on the contracted rent payable by the seller under the leaseback arrangement. SG Logistics Acquisition (100% interest) Multi-asset logistics and industrial complex in Loyang, East of Singapore
Page 62
1H 2026 Financial Results CapitaLand Ascendas REIT 2 Science Park Drive Kent Ridge MRT NUS NUHS SSP1 NUS one-north 62 1. Payable latest 15 months after the completion of the SG Business Space Acquisition. 2. As at 30 Jun 2026. 3. Based on gross rental income. 4. The NPI yield is derived using the NPI based on, among others, the contracted rental in the first year after the acquisition, excluding the deferred consideration. Name and Location Ascent, 2 Science Park Drive, Singapore 118222 Purchase Consideration S$245.0 million (50% interest, inclusive of S$15 million deferred consideration1 ) (1.7% discount to average valuation) Acquisition and Other Estimated Fees S$16.0 million (50% interest) Total Acquisition Cost S$261.0 million (50% interest) Seller CapitaLand Singapore (BP&C) Pte. Ltd. Valuation (as at 1 Nov 2025) JLL: S$496.0 million and CBRE: S$501.0 million Average: S$498.5 million (100% basis) GFA / NLA 51,560 sqm / 43,000 sqm Occupancy2 91.2% WALE2,3 1.9 years Key Tenant(s) J&J, Dyson, Merck Initial NPI Yield4 5.6% (5.2% post-transaction costs) Completion Date 23 Mar 2026 o A global sovereign wealth fund holds the remaining 50% interest o Remaining land lease of 55.5 years which is longer than the average in Singapore’s industrial property market o BCA Green Mark Platinum certified building CapitaLand Ascendas REIT Singapore Business Space Acquisition (50% interest) Prime, modern business space property in Singapore Science Park
Page 63
1H 2026 Financial Results CapitaLand Ascendas REIT 63 Name and Location Osaka Data Centre 1, Greater Osaka, Japan Purchase Consideration1 S$620.7 million / ¥76.4 billion (49% interest for the data centre only) (2.5% discount to valuation) Acquisition and Other Estimated Fees S$6.9 million (49% interest) Total Acquisition Cost S$627.6 million / ¥77.3 billion (49% interest) Seller Unrelated third party Valuation (as at 10 Mar 2026) S$1,299 million / ¥160.0 billion (100% basis) GFA / NLA 42,998 sqm / 41,198 sqm Occupancy2 100% WALE2,3 13.8 years (built-in annual rent escalation of 1.0%) Key Tenant(s) One of the global investment grade data centre hyperscalers Initial NPI Yield4 4.3% (4.2% post-transaction costs) Completion Date 7 May 2026 1. An illustrative exchange rate of JPY100 : S$0.8120 is used for all conversions from Japanese Yen amounts into Singapore Dollar amounts in this presentation. 2. As at 30 Jun 2026. 3. Based on gross rental income. 4. The NPI yield is derived using the estimated NPI expected in the first year after the acquisition and is calculated based on existing rent rolls. o A fund managed by a subsidiary of Mitsui & Co, a leading conglomerate in Japan, holds the remaining 51% in the data centre o Freehold Tier III hyperscale data centre completed in 2023 with IT capacity of 40.5MW (with a potential expansion capacity of 5.4MW) o Fully occupied by a blue -chip tenant, long lease of ~14 years with built-in annual rent escalation of 1.0% Kyoto Osaka (CBD) Nara ~10km Japan Data Centre Acquisition (49% interest) Tier III hyperscale data centre in Greater Osaka
Page 64
1H 2026 Financial Results CapitaLand Ascendas REIT 42.1% 43.0% 14.9% 43.9% 34.8% 21.2% Business Space & Life Sciences Industrial & Data Centres Logistics 2.2% 1.9% 2.3% 1.9% 8.7% 9.5% 19.6% 18.9% 10.7% 24.3% 11.7% 21.5% 21.2% 12.6% 33.0% 0% 5% 10% 15% 20% 25% 30% 35% FY26 FY27 FY28 FY29 FY30 - FY48 % of Gross Rental Income (Singapore) Single-tenant Buildings Multi-tenant Buildings Singapore Lease Expiry Profile • Singapore portfolio WALE of 3.6 years • Lease expiry is well-spread, extending beyond FY 2030 • 11.7% of Singapore’s gross rental income is due for renewal in FY 2026 As at 30 Jun 2026 Breakdown of expiring leases in the remainder of FY 2026 and FY 2027 FY 2027 FY 2026 Datapoint Key Items to check against Updated & Checked by Verified by SLB and MTB split Based on master factsheet Ensure any vacant SLBs vice versa when an MTB becomes single let Check for casting when summing up MTB and SLB contributions Source: "T:\09_PortfolioAnalysis\02_P ublic\WALE\FY2025\CL_WAL E_Trust_June 25 - v2.xlsm" Hui Ying (13 Jul) Rental income contribution as base for WALE calculation Based on WALE file Lease terms (NTU, REN and EXP) in WALE file should be updated, Area, lease commencement date, lease expiry date, effective rent Hui Ying (13 Jul) Sector Classification Ensure calculation takes classification or acquired/divested assets during the quarter period Check for casting when summing up sector contributions Hui Ying (13 Jul) 64 Logistics Business Space & Life Sciences Industrial & Data Centres
Page 65
1H 2026 Financial Results CapitaLand Ascendas REIT Portland 2.2% San Diego 30.3% Raleigh 9.8%San Francisco 49.6% Kansas City , 2.5% Chicago 5.6% 91.9% 8.1% US Lease Expiry Profile • US portfolio WALE of 4.2 years • Lease expiry is well-spread, extending beyond FY 2030 • 1.0% of US’ gross rental income is due for renewal in FY 2026 As at 30 Jun 2026 Breakdown of expiring leases in the remainder of FY 2026 and FY 2027 FY 2027 FY 2026 Datapoint Key Items to check against Updated & Checked by Verified by SLB and MTB split Based on master factsheet Ensure any vacant SLBs are classified as MTBs and vice versa single let summing up MTB and SLB contributions Daryl (9 Jul) SO: 18 Jul Rental income contribution as base for WALE calculation Based on WALE file and EXP) in WALE file should be updated, Area, lease commencement date, lease expiry date, effective rent Daryl (9 Ju) SO: 18 Jul Sector & Geography Classification Ensure calculation takes into account any change in classification or acquired/divested assets during the quarter period summing up sector contributions Daryl (9 Jul) SO: 18 Jul 65 Logistics Business Space & Life Sciences 0.3% 25.0% 5.7% 30.8% 0.7% 7.9% 4.8% 16.8% 1.0% 32.9% 10.5% 8.0% 47.6% 0% 10% 20% 30% 40% 50% FY26 FY27 FY28 FY29 FY30-FY40 % of Gross Rental Income (US) Single-tenant Buildings Multi-tenant Buildings Portland 2.8% Kansas City 97.2% 2.8% 97.2%
Page 66
1H 2026 Financial Results CapitaLand Ascendas REIT 32.9% 67.1% Sydney 43.2% Melbourne 33.0% Brisbane 23.8% 45.4% 54.6% Sydney 24.1% Melbourne 1.1% Brisbane 74.8% Australia Lease Expiry Profile • Australia portfolio WALE of 3.6 years • Lease expiry is well-spread, extending beyond FY 2030 • 3.3% of Australia’s gross rental income is due for renewal in FY 2026 As at 30 Jun 2026 Breakdown of expiring leases in the remainder of FY 2026 and FY 2027 FY 2027 FY 2026 Datapoint Key Items to check against Updated & Checked by Verified by SLB and MTB split Based on master factsheet Ensure any vacant SLBs are classified as MTBs and vice versa single let summing up MTB and SLB contributions YE: 18 Jan 26 YW 30 Jan Rental income contribution as base for WALE calculation Based on WALE file and EXP) in WALE file should be updated, Area, lease commencement date, lease expiry date, effective rent YE: 18 Jan 26 YW 30 Jan Sector & Geography Classification Ensure calculation takes into account any change in classification or acquired/divested assets during the quarter period summing up sector contributions YE: 18 Jan 26 YW 30 Jan 66 Logistics Business Space 3.0% 13.6% 8.2% 16.3%13.2% 8.8% 8.2% 25.4% 3.3% 16.2% 22.4% 16.4% 41.7% 0% 10% 20% 30% 40% 50% FY26 FY27 FY28 FY29 FY30 - FY37 % of Gross Rental Income (Australia) Single-tenant Buildings Multi-tenant Buildings
Page 67
1H 2026 Financial Results CapitaLand Ascendas REIT UK 80.2% The Netherlands 19.8% 30.8% 69.2% UK/Europe Lease Expiry Profile • UK/Europe portfolio WALE of 4.9 years • Lease expiry is well-spread, extending beyond FY 2030 • 12.5% of UK/Europe’s gross rental income is due for renewal in FY 2026 As at 30 Jun 2026 Breakdown of expiring leases in the remainder of FY 2026 and FY 2027 FY 2027 FY 2026 Datapoint Key Items to check against Updated & Checked by Verified by SLB and MTB split Based on master factsheet Ensure any vacant SLBs are classified as MTBs and vice versa single let summing up MTB and SLB contributions Jing Yong [12th Jul] SO Rental income contribution as base for WALE calculation Based on WALE file and EXP) in WALE file should be updated, Area, lease commencement date, lease expiry date, effective rent Jing Yong [12th Jul] SO Sector & Geography Classification Ensure calculation takes into account any change in classification or acquired/divested assets during the quarter period summing up sector contributions Jing Yong [12th Jul] SO Multi-tenant BuildingsSingle-tenant Buildings 67 Logistics Data Centres 11.8% 1.1% 3.7% 2.1% 43.8% 0.7% 6.2% 3.8% 15.9% 10.9% 12.5% 7.3% 7.5% 18.0% 54.7% 0% 10% 20% 30% 40% 50% 60% FY26 FY27 FY28 FY29 FY30-43 % of Gross Rental Income (UK/Europe) UK 51.1% The Netherlands 48.9% 51.1%48.9%
Page 68
1H 2026 Financial Results CapitaLand Ascendas REIT 68 Glossary Key Currencies AUD or A$: The official currency of Australia EUR or €: The official currency of the European Union GBP or £: The official currency of the United Kingdom JPY or ¥: The official currency of Japan SGD or S$: The official currency of Singapore USD or US$: The official currency of the United States AIFM: Alternative Investment Fund Manager AUM: Assets under management AU: Australia BCA: Building and Construction Authority BOJ: Bank of Japan BOE: Bank of England Bps: Basis points BREEAM: Building Research Establishment Environmental Assessment Method CLAR: CapitaLand Ascendas REIT CBD: Central Business District CAGR: Compound annual growth rate CPI: Consumer Price Index DPU: Distribution per unit EBITA: Earnings before interest, tax, depreciation and amortisation ECB: European Central Bank ESG: Environmental, Social and Governance EU: Europe FY: Financial Year FRS: Financial Reporting Standards GDP: Gross Domestic Product GFA: Gross floor area GRESB: Global Real Estate Sustainability Benchmark ICR: Interest Coverage Ratio IMF: International Monetary Fund JP: Japan LEED: Leadership in Energy and Environmental Design MAS: Monetary Authority of Singapore MTI: Ministry of Trade and Industry MW: Megawatt NA: Not applicable NAV: Net asset value NLA: Net lettable area psf: Per square foot ppt: Percentage points QoQ: Quarter-on-quarter RBA: Reserve Bank of Australia RCF: Revolving credit facility REIT: Real Estate Investment Trust S&P: S&P Global Ratings SG: Singapore SGX-ST: Singapore Exchange Securities Trading Limited sq ft: Square feet sqm: Square metres UK: the United Kingdom US: the United States WALE: Weighted average lease expiry YoY: Year-on-year Key Acronyms
Page 69
69 Thank You For enquiries, please contact: Ms Andrea Ng, Director, Investor Relations Direct: (65) 6713 1150 | Email: clar@capitaland.com CapitaLand Ascendas REIT Management Limited Tel: (65) 6713 2888 | Fax: (65) 6713 2999 capitaland-ascendasreit.com Thank You For enquiries, please contact: Ms Andrea Ng, Director, Investor Relations Direct: (65) 6713 1150 | Email: clar@capitaland.com CapitaLand Ascendas REIT Management Limited Tel: (65) 6713 2888 | Fax: (65) 6713 2999 capitaland-ascendasreit.com