INSIDE THIS REPORT COVER RATIONALE DRIVING SUSTAINABLE GROWTH THROUGH REJUVENATION As markets evolve and assets mature, Al-Salām REIT embraces rejuvenation as a catalyst to unlock renewed potential and strengthen its growth trajectory. “Driving Sustainable Growth Through Rejuvenation” reflects the REIT’s focused strategy to enhance asset performance and deliver sustainable value to unitholders. The properties are depicted in refined architectural line art to symbolise disciplined management and transformation, while the Rainbow Foil Effect adds vibrancy and renewed energy, representing value uplift through active rejuvenation. The interplay of teal and dark blue within the tagline reinforces a balance of progressive momentum and enduring stability, creating a cohesive narrative of revitalised assets and resilient, sustainable growth. Introduction 3 Basis of Preparation 3 Reporting Scope and Boundary 4 Limitations & Exclusions 4 Audit & Assurance 4 Forward-Looking Statements 4 Feedback 5 1 Section ABOUT THIS REPORT 2 Value Creation Model 32 Financial Capital 34 Five-Year Financial Performance 34 Trading Performance 36 Financial Review 38 Performance Benchmark 39 Capital Review 39 Portfolio Capital 40 Portfolio Overview 40 Segmental Highlights 42 5 Section APPROACH TO VALUE CREATION 31 About this Report 76 Stakeholder Engagement Report 77 Materiality Assessment 80 Sustainability Strategy 84 Sustainability Targets & Performance 89 Risk Management 91 Climate Change and Decarbonisation 93 Governance 100 Economic 106 Value for the Environment 112 Values for Employees and Community 117 Membership and Awards 134 Continuous Improvement 134 Appendices 135 6 Section SUSTAINABILITY STATEMENT 75 2025 Highlights 7 Corporate Profile 8 Trust Structure 10 Organisational Structure 11 Salient Features 12 2 Section ABOUT AL-SALĀM 6 Letter to Stakeholders 14 Business Review 18 Operating Environment 24 3 Section BUSINESS OVERVIEW 13 AL-SALĀM REIT 4 Section INVESTOR RELATIONS REPORT 28 Financial Calendar 29 Investor Relations Report 30
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