Multi-tenant Buildings Only Percentage Change in Renewal Rates1 FY 2025 FY 2024 Singapore 11.8% 11.0% Business Space & Life Sciences 13.0% 4.6% Logistics 11.3% 31.4% Industrial & Data Centres 9.7% 10.9% US 12.3% 20.9% Business Space & Life Sciences 9.8% 21.4% Logistics 16.6% 13.5% Australia 41.0% 12.9% Business Space 6.3% 8.7% Logistics 57.9% 48.4% UK/Europe -0.9% 10.8% Data Centres -0.9% 10.8% Logistics -2 -2 Total Portfolio 12.0% 11.6% 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. Portfolio Overview & Performance CLAR owns a spectrum of Business Space & Life Sciences properties, Industrial & Data Centres, and Logistics properties across the four major developed markets of Singapore, the US, Australia and the UK/Europe. Annual Valuation As at 31 December 2025, the total valuation of CLAR’s 222 investment properties (excluding properties which are under development) increased by 8.6% YoY to S$18.2 billion. The increase was mainly due to new acquisitions and the completion of a redevelopment in FY 2025. The portfolio comprised S$12.4 billion (68%) in Singapore, S$2.1 billion (12%) in Australia, S$2.0 billion (11%) in the US and S$1.7 billion (9%) in the UK/Europe. On a same-store basis, the total portfolio value increased by 2.0% YoY to S$16.6 billion as at 31 December 2025 (31 December 2024: S$16.3 billion). By segment, the samestore valuation of the Business Space and Life Sciences portfolio increased by 1.2% YoY to S$7.8 billion. The same-store valuation of the Industrial and Data Centres portfolio segment recorded a 4.0% YoY increase to S$4.9 billion while the Logistics segment increased by 1.1% YoY to S$3.9 billion. For more details on the valuation of each investment property, please refer to pages 46 to 71. Achieved Positive Rental Reversion in FY 2025 The weighted average rental reversion for CLAR’s portfolio was +12.0% for renewed leases in multi-tenant buildings signed during the year. Rental reversions were positive across all geographies and asset types except for Data Centres segment in UK/Europe. Average rental reversions in Singapore were healthy, ranging from +9.7% to +13.0%, led by the Business Space & Life Sciences segment in FY 2025. Overall, the Singapore portfolio rental reversion remained strong at +11.8% for renewed leases in FY 2025. In the US, the Business Space & Life Sciences and Logistics segments achieved average rental reversions of +9.8% and +16.6%, respectively. Consequently, the average rental reversion for the US portfolio was +12.3%. In Australia, the portfolio recorded an average rental reversion of +41.0%. Notably, the Logistics segment achieved an average rental reversion of +57.9%, the highest ever recorded. In the UK/Europe, renewed leases in the Data Centres segment recorded an average rental reversion of -0.9%. Annual Report 2025 31
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