8 CapitaLand Ascott Trust Portfolio Highlights CLAS proactively pursues investment, divestment and asset enhancement opportunities to enhance the quality and performance of our portfolio, and the sustainability of returns to Stapled Securityholders. Divesting properties that have reached the optimal stage of their life cycles allows CLAS to redeploy proceeds into more optimal uses. These include investing in higheryielding properties in prime locations with strong demand drivers and funding asset enhancement initiatives (AEIs) to enhance the performance and valuation of existing properties. Proceeds from divestments may also be used to pare down debt with higher interest rates. Divestment Asset Enhancement Investment 01 02 Divestment Completed c.S$300 mil in divestments at significant premium to book value in FY 2025 Divestments Completed in FY 2025 No. Property Location Sale Price Premium Over Book Value1 Exit Yield2 Divestment Date 1 Somerset Olympic Tower Tianjin Tianjin, China RMB420.0 million (S$77.4 million) c.50% 2.2% Apr 2025 2 Citadines Central Shinjuku Tokyo Tokyo, Japan JPY25.0 billion (S$222.7 million) c.100% 3.2% Oct 2025 1 For Somerset Olympic Tower Tianjin, the premium over book value is based on the property’s book value as at 31 December 2023 as the divestment was entered into in 2024; for Citadines Central Shinjuku Tokyo, it is based on the property’s book value as at 30 June 2025. 2 For Somerset Olympic Tower Tianjin, the exit yield is based on the property’s FY 2023 earnings before interest, taxes, depreciation and amortisation (EBITDA) as the divestment was entered into in 2024; for Citadines Central Shinjuku Tokyo, it is based on the property’s FY 2024 EBITDA, as the divestment was entered into in 2025. Acquisitions In FY 2025, CLAS completed about S$210 million of accretive acquisitions, recycling capital at higher yields. These included the acquisition of two hotels and three rental housing properties in Japan. Investment Completed c.S$210 mil of accretive acquisitions at higher yields in FY 2025 In FY 2025, CLAS completed about S$300 million in divestments at a significant premium to book value, unlocking over S$50 million in net gain after tax. 2025 Highlights
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