ESR中期报告2024

ESR ESRESRESRESRESRESRESR1821 www.esr.com ESR ESR ESR 2ESR4620248202410204748107 1 23800 241,540 5,000 ESR 1. 7.5ESR 375 2. ESR12121815202030% 2024 575 >2 3. ESRLOGOS 4. 2028120%ESR ESR5752202437520255 5.EBITDA EBITDA ESR ESRESGESR ESRESR 2024 20243.1280%EBITDA70EBITDA70%2024EBITDA1.36EBITDAPATMI ESR2024ANREV1ESR ESR2024630348003252% ESR(i)(ii)(iii)ESRLOGOS Property Group LimitedLOGOS PERE520245902012ESR 762024REIT12181520 ESR2024250 2024630 1.ANREVINREVNCREIF20242.2021202433.20246304.5.PERE 20246.REIT ARA7202473.35 131ESR9ESR5,000 ESRESR2024630131202434% 2024630 ESR2ESRESRESR 2024630 10ESR 202472126ESR20251LOGOS8LOGOSESR720 ESR20242.545.0% 2%7%EBITDA70% 202463023710 20246301187%94%12097% ESR202423155%1212ESR 202439086%1210.7%19.4%27.9%24.0%20246 304.64.0 2024131534%26%23%17%71%18%132,310 2024630ESR13127%24%15%11%9%14%95%ESRESR33.5%6.7% ESG— 202463032.3%4.0ARAREIT30%20235.6%4.9%1005,00067 202446.0%202345.4%0.6%20243,000 2520243014 2024148202311232%1,000202380924%45.8%LEEDWELL NABERS202342.8%3%ESRESR2040100%203075% 102020%30% ESG ESG202420235ESG 2030 ESG2024ISS81Sustainalytics ESG15.520247 20242.0920233.1392024 15 20234.55431.4%20243.12520234.02937.0%20242.537 ESRESR 20231.36020246 30 1218 12 20235%2% 20231,26020242,060202320231,27020242,720 PATMIEBITDA16 EBITDA1720235.374104.1%20242,220PATMI1820232.890175.7%20242.1872024 20233,6704.6%20243,5002023 20232.1482024840202473020237,840 202492%8%20247ARA20246 •9,740202452720247 92023 •4,460Cromwell Property GroupCromwellCromwellCromwell2023 EBITDA70% •REIT6,000ESR20246 21ESR 20241.60920231.202REIT6,000Cromwell4,4609,740Cromwell1,890 20231.47773.3%20243,9402024 •1.25520232024 20231.5883.2%20241.5362024630202312315.3%4.9% 202312311622024630159 20232.04557.3%20243.2179,740 10.5%2024 6 3029202312313220246302.8231.140 20233.2871.59348.5%20241.694 2024630332023123134Cromwell 202463020231231878120242.0909,1501.160 19.0%1.99120246308.5139,150ARA1.216 2024630202312316,740ESR7,220 ARA202312 3148202463046 202463031.4%3.654202312315.329202450% ESRESR 6,0606.757ARA 2024630622023123160202467 5120231231502530 2024630 202463032.3%420231231520246304.9%202312315.3%202463010%90% 2024630 20246 3032.3%ARAREIT30%102020%30% 202463018 2024630 2024630XV(i)352(ii) 1.L2.Laurels Capital Investments LimitedThe Shen TrustThe Shen TrustRosy FortuneLimitedThe Shen TrustThe ShenTrust3.7,799,8564.2024630Redwood Consulting (Cayman) LimitedRedwood Consulting850,000Redwood ConsultingCharles AlexanderPortesStuart Gibson50%50%Charles Alexander PortesStuart GibsonRedwood Consulting5.Stuart Gibson192,000Stuart Gibson6.2024630Stuart Gibson261,200587,700130,60020252023720Stuart Gibson280,9102025202620270150%150%421,365280,9107.JL Investment Group LimitedJL Investment Group II Limited JL Electron (BVI) Limited101,984,98490,984,98534,889,518100%8.Redwood Investment Company, Ltd.RIC448,933,103Redwood Investor (Cayman) LimitedRedwoodInvestor (Cayman) LimitedRedwood Investor II (Cayman) Ltd.Charles Alexander PortesStuart GibsonRedwood Investor II (Cayman) Ltd. 45.87%45.87%Charles Alexander PortesStuart GibsonRedwood InvestorII (Cayman) Ltd.Redwood Investor (Cayman) LimitedRICRICSOF-12 Sequoia Investco LtdSequoia Investco202445RICSequoia InvestcoSequoia InvestcoRIC 2024630XV(i)352(ii)XV78 2024630XV23336 6.2024630Stuart Gibson261,200587,700130,60020252023720Stuart Gibson280,9102025202620270150%150%421,365280,9107.JL Investment Group LimitedJL Investment Group II Limited JL Electron (BVI) Limited101,984,98490,984,98534,889,518100%8.RICSequoia Investco202445RICSequoia InvestcoSequoia InvestcoRIC9.Sequoia InvestcoBSS SCG GP Holdings L.L.C.10.Tan Kheng LianTan Chin Tuan Pte. Ltd.67.90% 2024630XV23336 KM ESOP 1.KM ESOP KM ESOPKM ESOP (i) KM ESOP(a)(b)(c) (ii) KM ESOP2024630KM ESOP488,525 (iv) 2024630KM ESOP11,917,27220246 300.28% (vi) (a)(b) (c)(d)(a)(b)(c)(e)(f)(g)(h)(i)(j)KM ESOP(k)(l)(A)(B)30 (vii) KM ESOPKM ESOP (viii)KM ESOP (a) (b)KMESOP (ix) (x) KM ESOP20171124KM ESOP 1.20246 302.11.123.KM ESOP4.KM ESOP KM ESOP 202463020246 30488,5251,437,5980.001 2. (i) (ii) WP OCIM One LLC1Laurels Capital Investments LimitedLaurelsRedwood Consulting (Cayman)Limited (iii) (iv) (v)20246 30 (vi) 7,799,856 (vii)0.46 (viii) 36.91%2021120 (ix) (x) (a)29%(b)50%(c)(d)(e)(f) (xi) (a)2016120e-Shang Cayman LimitedESR Singapore Pte. Ltd.Redwood AsianInvestments Ltd.20161(b)(c)(d)(e)(f) LaurelsLaurels (a)Laurels(b)(c) (xii) (xiii) 20 (xiv) (xv) (xvi) 20246307,799,8560.19% 1. 17.02(1)(b) 3. 20191012 (i) (ii) (iii) (iv) 303,658,46410% 2023672023(a)20235%219,688,481(b)5%(a)20231%43,937,696(b)1% 17,569,3000.41% (v) 121% (vi) (vii) (a)(b)(c) (viii) 28 1.00 20 (ix) (x) 1052 2024630 2024630(i)20246300.1%(ii)1% 4. 202162 (i) (ii) (iii) (a)(b) (iv) (v) 1.00 (vi) (a)(b) (a)vi(a)vi(b)60(b)30 (vii) (viii) EBITDA (ix) A x BA=B=30 (a)(b)(c) (x) (xi)x