Message to Unitholders Following the refinancing, the weighted average debt maturity was extended from 1.6 years to 3.4 years, with no significant refinancing requirements until February 2028. The expanded facility also includes a US$50 million delayed-draw tranche available for up to 12 months, providing additional flexibility to fund potential acquisitions or refinance the Upland Square mortgage loan due in November 2026. With US$74 million, or 23.8% of total borrowings, pegged to floating SOFR rates, UHREIT has also benefitted from the lower interest rate environment. Commitment to Sustainability, Community and Strong Corporate Governance UHREIT remains committed to delivering sustainable growth and long-term value through a robust Economic, Environmental, Social and Governance (“EESG”) framework. On the environmental front, we continue to enhance energy efficiency and reduce Greenhouse Gas (“GHG”) emissions. Since FY2022, electricity consumption across the portfolio has declined y-o-y, driven largely by the progressive installation of LED lighting, now implemented across 77.3% of the properties, resulting in a 6.7% reduction in energy usage. Strong corporate governance remains a cornerstone of our strategy. In 2025, UHREIT ranked 12th out of 42 REITs and Business Trusts in the SGTI, marking our third consecutive year of improvement. We also remain in the SGX Fast Track program for our strong compliance record since 2021 and recorded no incidents of noncompliance with anti-corruption laws during the year. Our commitment to transparency and investor engagement was recognized with multiple accolades, including Gold at the International Hermes Creative Awards 2025 for the FY2024 Annual Report, as well as awarded the Best Sell-Side Management and Certificate of Excellence in Investor Relations at the IR Impact Awards – South East Asia 2025. UHREIT remains deeply committed to supporting the communities in which we operate, both in Singapore and the U.S. Since 2022, we have consistently exceeded our annual volunteer target of 100 hours. In 2025, our teams supported initiatives such as Operation Holiday and Grow It Green Morristown in the U.S., as well as Meals-on-Wheels, Food from the Heart and KidSTART Singapore locally. These efforts reflect our belief that meaningful community engagement is an integral part of creating long-term value. In recognition of these efforts, UHREIT was awarded the “Company of Good – 3 Hearts” by the NVPC. This represents the second highest-tier recognition, awarded to organisations that demonstrate a strong and sustained commitment to giving back and supporting the communities in which we operate. Looking Ahead Looking ahead, the Manager will remain agile in responding to potential challenges from global macroeconomic shifts, evolving trade dynamics and geopolitical tensions in the Middle East. Despite these uncertainties, UHREIT remains confident in its longterm growth prospects, underpinned by resilient asset performance, strong occupancy and leasing fundamentals and a supportive interest rate environment. The Manager will continue its proactive portfolio management and capital recycling initiatives to further strengthen income streams and balance sheet resilience. These include evaluating new asset enhancement initiatives and strategic development projects, accretive acquisitions, opportunistic divestments and other opportunities that create lasting value for UHREIT’s Unitholders. Acknowledgement On behalf of UHREIT, we would like to extend our sincere gratitude to our Board for their strong stewardship, counsel and guidance. We would also like to express our appreciation to the management team and all colleagues for their commitment and hard work over the past year. UHREIT is grateful for the enduring support of our sponsors, partners and tenants, who have played a key role in contributing to our shared success. Last but not least, we would also like to thank our Unitholders for their continued faith and trust in our strategy. As we look forward to the future, UHREIT remains committed to strengthening and growing its portfolio to deliver stable returns and sustainable value to all stakeholders. We look forward to new opportunities, continued progress and sustained growth in the coming year. Yours sincerely, Tan Tong Hai Chairman and Independent NonExecutive Director Gerard Yuen Chief Executive Officer 15 ANNUAL REPORT 2025
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