Sustainability and Climate Report Since FY2024, UHREIT has implemented an AI-powered software platform to manage our emissions inventory, which automatically retrieves energy consumption data for our properties from utility vendor portals, increasing efficiency and quality of data. This platform also provides customizable dashboards to visualize energy usage trends, cost breakdowns, and performance metrics and detect anomaly or missing data to support UHREIT in monitoring energy usage. In FY2025, UHREIT recorded electricity consumption of 1,996 MWh and Scope 2 emissions of 446 tonnes of CO2e. This reflects a continued downward trend, with electricity consumption declining by 6.7% compared to FY2024. A key initiative which has supported this reduction is the ongoing LED lighting installation initiative across our portfolio, which has supported increased energy efficiency from lighting use. To date, this initiative has been implemented across 77.3% of the properties, an increase from 64% in the previous year. On a like-for-like basis, excluding properties acquired and divested during the year, UHREIT has consistently achieved its 1.5% annual energy reduction target each year since FY2022. Table 4: UHREIT’s Scope 2 Emissions and Electricity Consumption for FY2025 and FY2024 Scope 2 Emissions Coverage FY2025 (tonnes CO2e) FY2024 (tonnes CO2e) Change a) All properties 446 496 -10.1% b) Excluding properties with partial year data3 442 496 -10.9% Electricity Consumption Coverage FY2025 (MWh) FY2024 (MWh) Change a) All properties 1,996 2,138 -6.7% b) Excluding properties with partial year data3 1,981 2,138 -7.4% Methodology UHREIT’s Scope 2 emissions data was collected and prepared using the operational control approach and location-based method by the GHG Protocol. It consists of emissions from purchased electricity as a result of UHREIT’s operations from landlord-controlled common areas in our properties. UHREIT does not report figures from tenant-controlled areas in our properties as they are not within UHREIT’s direct control. Emission factors for electricity were obtained from the U.S. EPA eGRID 2023 data. While we have determined that there were no Scope 1 emissions to be accounted for in our GHG emissions inventory for FY2025, we will continue to account for our Scope 2 emissions inventory5. Furthermore, UHREIT is working towards developing a strategy to address and measure our Scope 3 indirect GHG emissions, both upstream and downstream. 5 Scope 2 inventory refers to emissions arising from energy consumption from landlord-controlled common areas from UHREIT’s portfolio of Grocery & Necessity and Self-Storage properties. The tenant-controlled areas in the properties are excluded as they are not under our direct control but fall under Scope 3 which will be reported in the future. 76 UNITED HAMPSHIRE US REIT
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