Occupancy The occupancy rate of the Singapore portfolio was 91.2% as at 31 December 2025 (31 December 2024: 92.5%). The redevelopment of 5 Toh Guan Road East was completed in 3Q 2025 and its occupancy rate was 65% as at 31 December 2025. Excluding 5 Toh Guan Road East which is currently in its lease-up and stabilisation phase, the Singapore portfolio occupancy rate would have been higher at 91.7%. For the US portfolio, the occupancy rate was 85.5% as at 31 December 2025 (31 December 2024: 88.9%). The occupancy rate of the Australia portfolio increased by 1.9 percentage points (ppt) to 94.4% (31 December 2024: 92.5%) mainly attributable to a higher occupancy rate for the Logistics portfolio. For the UK/Europe portfolio, the occupancy rate declined 7.3 ppt to 92.0% (31 December 2024: 99.3%) mainly attributable to Hawleys Lane, a logistics property in North West England which is slated for redevelopment in 2H 2026. Excluding Hawleys Lane, the UK/Europe portfolio occupancy would remain high at 98.7%. Overall, CLAR’s portfolio occupancy rate was 90.9% as at 31 December 2025 (31 December 2024: 92.8%). Excluding 5 Toh Guan Road East and Hawleys Lane, the overall portfolio occupancy would have been higher at 91.9%. In FY 2025, sources of new demand in Singapore continued to be broad-based, led by requirements from Electronics, Logistics & Supply Chain Management and IT & Data Centres sectors. For the overseas portfolio, demand similarly stemmed from a diverse range of industries, with Logistics & Supply Chain Management, Financial & Professional Services and Electronics forming the top three contributors. Overview of Portfolio Occupancy 91.2% 85.5% 94.4% 92.0% 92.5% 88.9% 92.5% 99.3% 90.9%92.8% United States Australia Total Portfolio United Kingdom/ Europe Singapore 31 Dec 2025 31 Dec 2024 The Manager’s Review of FY 2025 CapitaLand Ascendas REIT 32
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