Singapore Intercompany Loan Subs2 Unitholders Trustee Parent US REIT U.S. Holding LLC Property Holding LLC Singapore Sub 1 Manager U.S. Asset Manager Distributions Ownership of Units Trustee Fees Management Services Trustee Services 100.0% Ownership 100.0% Ownership 100.0% Ownership 100.0% Ownership Management Agreement Dividends Distributions Distributions Dividends Management Fees 1 Perpetual (Asia) Limited is the trustee of UHREIT. 2 There are two wholly-owned Singapore Intercompany Loan Subsidiaries extending intercompany loans to the Parent US REIT. The following diagram illustrates the relationships, among others, between UHREIT, the Manager, the Trustee1, the U.S. Asset Manager and the Unitholders as at 31 December 2025: 100.0% voting shares Distributions Interest Loan Singapore United States Trust and Tax Structure Properties 17 ANNUAL REPORT 2025
RkJQdWJsaXNoZXIy NTM2MDQ5