#1Walmart: Home & Pharmacy UNITED-HAMPSHIRE Wine & Bear SALADWORKS ShopRite PNCBANK UNITED HAMPSHIRE US REIT FY 2021 Financial Results 23 February 2022 B Publix FOOD & PHARMACY K UHREIT Website Follow us on Linkedin in https://www.uhreit.com/ https://www.linkedin.com/company/uhreit/ Giant CE#2Important Notice This presentation is for information only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for the Units in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. The value of the Units and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by UHREIT, United Hampshire US REIT Management Pte. Ltd., Perpetual (Asia) Limited, as trustee of UHREIT, or any of their respective affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. The holders of Units have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that holders of Units may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Predictions, projections or forecasts of the economy or economic trends of the markets are not necessarily indicative of the future or likely performance of UHREIT. The forecast financial performance of UHREIT is not guaranteed. A potential investor is cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's current view of future events. The past performance of UHREIT is not necessarily indicative of its future performance. United Overseas Bank Limited was the sole financial adviser for the initial public offering of United Hampshire US Real Estate Investment Trust (the "Offering"). United Overseas Bank Limited, UOB Kay Hian Private Limited and UBS AG, Singapore Branch were the joint issue managers and global coordinators for the Offering. United Overseas Bank Limited, UOB Kay Hian Private Limited, UBS AG, Singapore Branch, Credit Suisse (Singapore) Limited and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch were the joint bookrunners and underwriters for the Offering. 2 UNITED-HAMPSHIRE#3UHREIT: Asia's First U.S. Grocery-Anchored Shopping Center and Self-Storage REIT Total Property Value US$688.5 million¹ High Grocery & Necessity Committed Occupancy of 95.3% . Publix. POSS & PHARMACY St. Lucie West, Florida 186 ShopRite Penrose Plaza, Pennsylvania 20 Grocery & Necessity & 4 Self-Storage Properties 3.6 million sq ft of NLA 97.6% Freehold¹ LOWE'S Arundel Plaza, Maryland Long WALE of 8.0 years² Strong Sponsors (UOB Global Capital and Hampshire Companies) with Long-Term Synergistic Partnership THE HOME DEPOT Parkway Crossing, Maryland Information as at 31 December 2021. 1. 2. Based on carrying value of investment properties as at 31 December 2021. Grocery & Necessity Properties only. Computation included forward committed leases, excluding forward committed leases, the WALE is 7.9 years as at 31 December 2021. Extra Space Storage 3 Millburn Self-Storage UNITED-HAMPSHIRE#4er SUBWAY POPEYES OPEN SUBWAY HALF YOUR FIEL WE'RE OPEN SUBWAY Penrose Plaza, Pennsylvania 2936 The Sandwic 13 0 POPEYES $12 A HGR BLOCK H&R BLO Key Highlights ARARA FIN WA#5Key Highlights Distribution Income $ Distribution Per Unit $ Net Property Income FY 2021 US$31.2 mil A 3.0% vs IPO Forecast FY 2021 6.10 US cents A 0.2% vs IPO Forecast FY 2021 US$41.9 mil A 0.7% vs IPO Forecast 2H 2021 US$16.0 mil A 6.4% vs 2H 2020 2H 2021 3.05 US cents¹ A 0.7% vs 2H 2020 2H 2021 US$21.5 mil ▲ 8.7% vs 2H 2020 5 1. Comprises Advanced Distribution of 1.75 US cents per Unit for the period from 1 July 2021 to 13 October 2021 and a distribution of 1.30 US cents per Unit for the period from 14 October 2021 to 31 December 2021. UNITED-HAMPSHIRE#6Key Highlights !|||| Maintained High Grocery & Necessity Committed Occupancy 95.3% Long WALE¹ 8 years Significant leasing progress, leases expiring in 2022 reduced from 9.2%² to 1.5%³ Portfolio Valuation Uplift of 3.7%4 from 31 Dec 2020 Strong AUM Growth Total assets grew 15.9% from 31 Dec 2020 and Issued Units grew 12.4% $(X Well-Spread Debt Maturity Profile Conservative Gearing 39.0% High Interest Coverage Ratio 6.5x 1. Grocery & Necessity Properties only. Computation included forward committed leases, excluding forward committed leases, the WALE is 7.9 years as at 31 December 2021. As at 31 December 2020 and based on base rental income of Grocery & Necessity Properties for the month of December 2020. Based on base rental income of Grocery & Necessity Properties for the month of December 2021. 2. 3. 4. Excluding the two newly acquired properties, Colonial Square and Penrose Plaza. UNITED-HAMPSHIRE 6#7Asset Management Highlights Extra Space Storage Perth Amboy Self-Storage • Completed the construction of Perth Amboy Self-Storage commenced leasing activities in Jan 2021 Achieved 44.8% of occupancy within the first year of operation rice Aper d&Pharmacy EV Charging Station at Price Chopper Plaza Solar Panel at Carteret Self-Storage 7 Publix POOD & CE St. Lucie West, Florida • Completed the expansion of St. Lucie West in Florida in March 2021, ahead of schedule and below budget • • 1 property has an electric vehicle (EV) charging station installed, 1 currently being installed and 2 more in 2022 3 of our properties currently use LED lightings in their common areas, 2 more properties will introduce LED lightings in 2022 Installation of solar panel in progress UNITED-HAMPSHIRE#8Increasing Portfolio Value Wa Ber SALAD ORKS Completed the Acquisitions of Penrose Plaza and Colonial Square in November 2021 Portfolio Valuation (US$'mil) Toks +0.2% +17.6% 688.51 81.5 Penrose Plaza, Pennsylvania Colonial Square, Virginia 584.5 585.5 607.0 Cap Rate² Average for Grocery & Necessity Properties 6.51% Average for Self-Storage Properties Blended for the Portfolio 5.25% IPO 31-Dec-20 31-Dec-21 6.42% Existing Portfolio New Acquisitions 1. Does not include potential sale of Elizabeth and Perth Amboy Self-Storage Properties. 2. Cap rates adopted for 31 December 2021 independent valuation. 8 UNITED-HAMPSHIRE#9Omnichannel Retailing - Key to Success Physical Store Network I < Buy in Store Curbside Pickup for Online/App Orders SUPER MARKET Buy Online Pickup in Store (BOPIS) Micro-Fulfilment of Online/App Orders • Quick adoption/expansion of curbside pickup, buy-online-pickup-in-store options and offered same-day delivery by many retailers Benefited from the adoption of omnichannel strategy, many retailers look set to double down on creating seamless online and offline experience Retailers will devote larger parking area and labor to facilitate curbside pickup and allocate more space for micro-fulfillment Retailers with physical store presence have noted stronger online sales because physical store networks make returns/exchanges easier for consumers, while reducing re-merchandising costs for the retailers Digitally native companies, including Amazon, seeking out physical locations to create more experiential touchpoints for consumers and to fight against rising online customer acquisition costs The plateauing of e-commerce's portion of overall retail sales in 2021 suggests a renewed balance between online and brick & mortar sales. Due to the pandemic, e-commerce will retain a permanently larger share of overall sales, but the line between brick & mortar and online retail will continue to blur¹. Consumers to Return/ Exchange Goods Source: 1.Cushman & Wakefield Research 9 UNITED-HAMPSHIRE#10In-Store and Curbside Pickups Remain Popular Among Grocery Shoppers Convenience and multiple fulfillment options play a pivotal role to good grocery online shopping experience • Source: 1. Retailers usually provide multiple methods for consumers to pickup their online/app purchases 38% In-store Pickup Method of Receiving Online Grocery Orders 33% Delivery KPMG, "Consumer Pulse Survey, Grocery Forecast 2022, Grocery gains are here to stay", January 2022 23% 6% Curbside Pickup Other 10 UNITED-HAMPSHIRE#11Primarily Leased to Cycle Agnostic Tenants Providing Essential Services Essential Services¹ ✓ Grocery stores, farmer's markets and farms Hardware and home improvement stores Pharmacies Medical supply stores Gas stations Pet stores Banks and other financial institutions Liquor stores Convenience stores Auto Supply Store, 0.8% Financial Services, 2.2% Fitness, 5.4% Discounter/Outlet, 5.6% Consumer Services, 8.1% ✓ Laundromats and dry-cleaning services Consumer Goods, Trade Sector Breakdown² Car dealerships, but only for auto maintenance 8.3% and repair, and auto mechanics ✓ Mail and delivery stores Ancillary stores within healthcare facilities Stores that principally sell supplies for children under five years Printing and office supply shops Self-Storage, 9.1% 1. Based on the definition of "Essential Retail Businesses" by the State of New Jersey. 2. Based on base rental income for the month of December 2021. Food & Beverage, 9.2% Dental Services, 0.6% Others, 0.9% 11 Grocery & Wholesale, 40.4% Home Improvement, 9.4% UNITED-HAMPSHIRE#12Foot Traffic and Ecommerce Trends 20% 0% -20% -40% Foot Traffic by Retail Category (% Change in Foot Traffic vs. Same Month "19) Grocer Strip Center Retailer Index Quick-service Restaurant Fitness -60% Full-service Restaurant -80% Department Store -100% Theater Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Source: Placer.ai and Green Street. • • . Grocers continue to lead the pack as demand seems to be preserved from extended work-from-home protocols Other retail categories have recovered from their pandemic lows and are seeing healthy traffic, including the most disrupted categories such as theaters and fitness Both full-service as well as quick-service restaurants are benefiting from what appears to be substantial pent-up demand to dine out Source: 1. Green Street, Strip Center Sector Outlook, 28 January, 2022. Ecommerce Penetration Rate U.S. Retail Sales Growth Rate and Ecommerce Penetration Rate* -Ecommerce Growth Rate --Brick & Mortar Growth Rate 35% 30% 25% 00 20% 15% 10% 5% 0% -5% -10% 12 112 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 9M21 *Ecommerce penetration rate uses total U.S. retail sales ex-restaurants as the denominator, in line with the methodology of U.S. Census Bureau. Ecommerce defined by Census Bureau as "sales of goods and services where an order is placed by the buyer or price and terms of sales are negotiated over an Internet, extranet, Electronic Data Interchange (EDI) network, electronic mail, or other online system. Payment may or may not be made online." • Amid fewer lockdowns and a strong desire to 'return to normal', '21 physical sales growth surpassed ecommerce sales growth for the very first time UNITED-HAMPSHIRE#13Anchor Tenants' Sales Remain Healthy Compared Against Higher Sales in 2020 Giant Sales 4.8% y-o-y¹ Contributing 9.0% of rental² Ahold Delhaize: Despite the unfavorable weather, U.S. comparable sales excluding gas grew 4.8% y-o-y in 4Q 2021 and 16.0% on a two-year comparable basis. Online sales were up 30.5%, driven by the continued expansion of click-and-collect facilities and acquisition. In 2021, 270 new click-and-collect locations were added, and by the end of 2021, there are a total of 1,386 click & collect locations in the U.S.1 Walmart Sales 5.6% y-o-y¹ Contributing 4.9% of rental² Walmart: U.S. comparable sales grew 5.6% in 4Q and 14.2% on a two-year stack basis, due to strong underlying trends, led by in-store traffic and robust consumer spending. Ecommerce sales increased 1.0% against strong gains last year, resulting in a 70.0% two-year stack.1 13 THE HOME DEPOT Sales 7.6% y-o-y¹ Contributing 4.1% of rental² The Home Depot: The world's largest home improvement retailer reported a 7.6% and 10.7% growth in U.S. comparable sales in 4Q 2021 and FY 2021 respectively. Digital sales grew approximately 6.0% yoy in 4Q 2021 and around 55.0% of the FY2021 online orders were fulfilled by the stores¹ 1. Extracted from respective companies' latest results releases. 2. Based on base rental income of Grocery & Necessity Properties for the month of December 2021. LOWE'S Sales 2.6% y-o-y¹ Contributing 5.9% of rental² Lowe's: U.S. comparable sales increased 2.6% y-o-y in 3Q 2021, and ecommerce sales increased 25.0% y-o-y¹ UNITED-HAMPSHIRE#14Significant Leasing Progress for Leases Expiring in 2022 and Only 1.5% Leases Remain for Renewals 14 Lease Maturity Profile¹ FY 2021 New/ Renewal of Leases² No. of Leases Area (Sq Ft) 73.4% Reduced from 9.2% as at 31 Dec 2020 New Leases: • Consumer Services - 7 tenants • Food & Beverage - 5 tenants 16 66,682 • Consumer Goods - 2 tenants Discount Store - 1 tenant Fitness - 1 tenant Renewal Leases: • Consumer Services - 7 tenants • Food & Beverage - 6 tenants . Financial 3 tenants 22 22 370,846 8.7% 9.3% • Consumer Goods - 3 tenants 3.0% 4.1% . 1.5% Grocery & Wholesale - 2 tenants Home Improvement - 1 tenant 2022 2023 2024 2025 2026 Beyond 2026 Total 38 437,528 1. Based on base rental income of Grocery & Necessity Properties for the month of December 2021. 2. Leases are typically triple net with no early termination rights and majority of the leases have built-in fixed rental increases. UNITED-HAMPSHIRE#15Healthy Increase in Self-Storage Rental Rates Steadily increasing consumer awareness 25 20 15 Average Quarterly Net Rental Rate (US$/psf)¹ 10 Driven by 5 Ds 5 Smaller housing arrangements Demand Drivers - Death, Divorce, Decluttering, Downsizing and Dislocation 0 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Carteret Self-Storage Millburn Self-Storage Elizabeth Self-Storage Perth Amboy Self-Storage Increasingly mobile population 1. Net rental rate is annualized total rental revenue less discounts, bad debt and refunds. Sources: 2. Green Street U.S. Self-Storage Outlook (January 2022). 3. Cushman & Wakefield Research. 4. Green Street Real Estate Alert (Dec. 14, 2021). 5. Green Street U.S. Self-Storage Outlook (November 2021). In addition to 'life event' demand drivers (e.g., moving, divorce), the storage industry continues to benefit from Covid-related needs, including: 1) businesses storing inventory; 2) decluttering for home offices; and 3) storage of apartment furnishings for those who moved temporarily² COVID-related demand materially increased storage utilization rates, and much of this demand is likely to become sticky consumer behavior³ The surge in remote work caused homeowners to increase the amount of dedicated space for home offices and home gyms in their residences, driving massive demand for self- storage. Green Street forecasts that 70% of U.S. employees will work from home at least one day per week in the near future, a substantial increase from a 12% projection prior to the pandemic4 Move-in rates have historically trailed in-place rates. However, strong demand, high occupancy levels, and limited new supply have caused overall move-in rates to surpass in-place rents5 15#16Strategic Sale of Elizabeth and Perth Amboy Self-Storage Properties Extra Space 田田E $49.0m 16 +10.4% Extra Space +26.7% +12.9% Net Gain: $3.1m Divestment Cost: $1.5m Storage Elizabeth Self-Storage Perth Amboy Self-Storage Entered into a conditional agreement to sell the 2 Self- Storage Properties at an aggregate price of US$49m $43.4m Top-Up: $4.7m . 10.4% over the appraised value of US$44.4m • 26.7% above purchase price of US$38.7m • Net Gain of US$3.1m Opportunity created by the high investment demand for best-in-class self-storage facilities that has created a market dislocation between high valuations and cash flow Opportunity to realize profits and reinvest into higher yielding grocery anchored assets Expected to complete the sale in 2Q 2022 Purchase Price Excl. Top-Up: $38.7m Purchase Price $44.4m Independent Valuations as of 31 Dec 2021 Divestment Consideration UNITED-HAMPSHIRE#17ESG Highlights and Targets 808 Governance Maintain high standards of corporate governance and transparency Zero instances of non- compliance with anti-corruption laws and regulations Ranked a joint 4th in the Governance Index for Trusts (GIFT) 2021 Environmental Stewardship Initiatives 1 property has an EV charging station installed, 1 currently being installed and 2 more in 2022 3 of our properties currently use LED lightings in their common areas, 2 more properties will introduce LED lightings in 2022 Community Engagement Zero incidents of employee discrimination Maintain an average of 10 hours of training per employee per year Achieve 100% participation rate in the annual employee survey 17 UNITED-HAMPSHIRE#18Colonial Square, Virginia Publi FOOD&PHARMA Financial Highlights EXIT STOP 18#19Financial Highlights 2H 2021 Actual 2H 2021 Variance 2H 2020 Forecast Variance FY 2021 Actual FY 2021 Forecast Variance (US$'000) (US$'000) (%) (US$'000) (%) (US$'000) (US$'000) (%) Gross 28,391 28,804 (1.4) 26,305 7.9 55,195 56,563 Revenue (2.4) Net Property Income 21,474 21,088 1.8 19,761 8.7 41,946 41,672 0.7 (NPI) Distributable 15,991 15,294 4.6 15,033 6.4 31,195 30,278 3.0 Income DPU 3.051 3.07 (0.7) 3.03 0.7 6.10 6.09 0.2 (US cents) 1. DPU of 3.05 US cents for 2H 2021 comprise Advanced Distribution of 1.75 US cents per Unit for the period from 1 July 2021 to 13 October 2021 and a distribution of 1.30 US cents per Unit for the period from 14 October 2021 to 31 December 2021. 19 UNITED-HAMPSHIRE#20Balance Sheet As at 31 Dec 2021 US$'000 Investment Properties 711,650 TOMATOES Current Assets 17,497 Total Assets 729,496 Arundel Plaza, Maryland Total Loans & Borrowings 271,639 Total Liabilities 310,237 Net Assets 419,259 NATURES GLORY Units in Issue and to be Issued ('000) 558,660 Stacys NAV per Unit (US$) 0.75 BUT NOT TOO Wallington ShopRite, New Jersey Adjusted NAV per Unit (US$) 0.73 20 UNITED-HAMPSHIRE#21Distribution Details Distribution Period Distribution Per Unit (US cents) Ex Date Book Closure Date Distribution Payment Date 14 Oct to 31 Dec 2021 1.30 2 Mar 2022 3 Mar 2022 3.03 0.7% Higher 3.051 2H 2020 DPU 2H 2021 DPU 30 Mar 2022 21 21 1. DPU of 3.05 US cents for 2H 2021 comprise Advanced Distribution of 1.75 US cents per Unit for the period from 1 July 2021 to 13 October 2021 and a distribution of UNITED-HAMPSHIRE 1.30 US cents per Unit for the period from 14 October 2021 to 31 December 2021.#22Conservative Gearing with No Refinancing Required for 2022 Conservative Gearing $ 39.0% Weighted Average Interest Rate 2.63% Weighted Average Interest Coverage Ratio 6.5x Debt Maturity Profile (US$million) 137.6 Well-Spread Debt Maturity Profile Debt Maturity 2.5 years 97.5 22 22 40.0 % Fixed Rate Debt Undrawn LOAN No refinancing required Committed RCF 79.6%¹ US$14 mil 2022 2023 2024 2025 2026 2027 2028 1. Includes floating-rate loans that have been swapped to fixed rate. UNITED-HAMPSHIRE#23Albany ShopRite - Supermarket, New York ShopRite Outlook 23#2424 24 • Sources: 1. 2. 3. PNC Financial Services, Global Economic Highlights (January 2022). 4. U.S. Bureau of Labor Statistics, "The Employment Situation - December 2021", 7 January 2021. Job openings remained high at 10.9 mil in Dec 20212 Through December 2021, the labor market has recovered nearly 19 million of the 22 million jobs lost in March and April 2020 due to the COVID-19 pandemic³ Within retail, warehouse clubs and supercenters (Costco, BJ's, Walmart, Target) posted the highest month-over-month employment increases in December 2021 at 15.0%4 4Q 2021 Annualised Real GDP Growth: +6.9%¹ Outperforming estimate, the GDP growth is led by higher personal consumption and business activities US Economy Update Jan 2022 Unemployment Rate: 4.0%² -20% Nonfarm payroll employment rose by 467,000 in Jan 20222 -40% 2017 2018 40% 20% 0% U.S. Bureau of Economic Analysis, "Gross Domestic Product, Fourth Quarter and Year 2021 (Advance Estimate)", 27 January 2022. U.S. Bureau of Labor Statistics, "The Employment Situation - January 2022", 4 February 2022, and "Job Openings and Labor Turnover Summary - December 2021", 1 February 2022. Dec-20 Jan-21 US Unemployment Rate² 6.7% 6.3% 6.2% 6.0% 6.1% 5.8% 5.9% 2019 2020 2021 Real GDP Growth¹ L Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 5.4% 5.2% 4.8% 4.6% 4.2% 3.9% 4.0% Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 UNITED-HAMPSHIRE#25US Retail Sales Update 25 25 Retail Sales 4Q 2021 Retail Sales FY 2021 9.2% 6.5% +17.3% year-on-year¹ +19.3% year-on-year¹ US Retail and Food Services Sales Growth 53.4% (y-o-y)¹ 29.7% 28.0% 18.9% 18.9% 15.3% 15.7% 16.2% 16.7% 14.2% 13.0% Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 (Prelim) (Adv. Est) Jan 2022 Inflation: +7.5%² • • • • Although inflation has weighed on consumer confidence, it has not weakened consumer spending activity Fed expected to hike interest rates multiple times in 2022 Dec 2021 Personal saving rate: 7.9%³ • Savings rates, although below peak levels recorded during the height of the pandemic, remain elevated compared to historic averages (1991-2019). U.S. consumers have a tremendous amount of buying power and pent-up demand heading into 20224 Although the stimulus impacts have already materialized, households have been accumulating savings during the past two years which will support retail growth and expansion in 2022. Particularly, travel, dining and entertainment sectors are expected to recover thanks to strong wage growth and favorable job market that empowers consumers4 Shift in consumer behavior around food shopping and eating during the homebound lifestyle of the pandemic resulted in a boon for grocers5 Entering 2022, grocery industry is expected to enjoy 7% growth due to uncertainties over the covid variants and working from home trend that resulted in less traveling and more cooking and eating at home5 Home improvement sales strong due to high home ownership and warehouse club recorded strong sales due to trend of consumers buying more in bulk Sources: 1. U.S. Census Bureau. 2. U.S. Bureau of Labor Statistics, "Consumer Price Index - January 2022", 10 February 2022. 3. 4. U.S. Bureau of Economic Analysis, "Personal Income and Outlays, December 2021", 28 January 2022. Cushman & Wakefield, 10 Things to Watch in 2022 5. KPMG, "Consumer Pulse Survey, Grocery Forecast 2022, Grocery gains are here to stay", January 2022 UNITED-HAMPSHIRE#26Outlook Sector - • • By the end of December 2021, major retailers had announced 5,083 store openings as opposed to 5,079 store closures according to Coresight Research¹ Brick-and-mortar sales growth was strong at nearly 20% in 2021, exceeding ecommerce growth² Occupancy Rates by Sub-Property Type 26 Leasing momentum is strong, with anchor tenants and national retailers leading demand² Anchor occupancy, particularly grocer occupancy, has held up well and demand from national retailers is leading the steady recovery² • As consumer spending gradually shifts back towards services rather than durable goods, supply chain pressures will ease, and rapidly increasing prices caused by surges in demand for these goods should abate³ • • • 96% 94% Increased investment in digital technologies: AI for inventory management, robotics for fulfillment and micro fulfillment 92% Micro-fulfillment centers (which can mostly automate the picking process in ~10k SF) placed within existing stores seem likely to gain significant traction over the next decade² Grocery-anchored retail saw a 71% year-over-year increase in transaction volume at $16.2 billion in 2021 and comprising approximately 21.1% of all retail deals³ 90% 88% Neighborhood Center Community Center Power Center 3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 3Q18 1019 3Q19 1Q20 3Q20 1Q21 3Q21 22E '24E 26E The NYC metro experienced the highest volume of self-storage asset sales in 2021, with $3.78B in sales compared to $945M in 2020 and $565M in 2019. Self-storage valuations increased by 66% in 2021 - a sharper increase than in any other real estate sector4 Self-Storage revenue growth is expected to decelerate but remains strong headed into '22, particularly in 1H22 due to strong sequential move-in rate growth in recent quarters5 Self-Storage Occupancy remains at all-time highs driven by subdued vacates and sticky incremental demand from COVID5 Sources: 1. Cushman & Wakefield U.S. Shopping Centers MarketBeat Report (4Q 2021) UNITED-HAMPSHIRE 2. 3. Green Street Strip Center Sector Outlook, January 28, 2022. Cushman & Wakefield Research. 4. Green Street Real Estate Alert (December 14, 2021). 5. Green Street Self Storage Sector Outlook, January 20, 2022.#27BJ's Winn Dixie Radiosha UNITED-HAMPSHIRE Thank You For enquiries, please contact: (Ms) LENG Tong Yan Investor Relations [email protected] 80 Raffles Place #28-21 UOB Plaza 2 Singapore 048624 LOWE'S UHREIT Website Follow us on Linkedin in https://www.uhreit.com/ https://www.linkedin.com/company/uhreit/ Extra Space Storage DO NOT ENTER#28Lawnside Commons, New Jersey THE HOME DEPOT Appendix 28 LAE#2924 Assets Across 8 States Focused on the East Coast New York Name - Grocery & Necessity Hudson Valley Plaza Garden City Sq. - BJ's Wholesale City Kingston Garden City % by Asset Value Massachusetts - Grocery & Necessity Name BJ's Quincy City Quincy 7.2% Fairhaven Plaza Fairhaven 7.0% Total % by Asset Value 5.1% 2.8% 7.9% Albany ShopRite Supermarket Albany 3.4% Massachusetts Pennsylvania - Grocery & Necessity Garden City Sq. - LA Fitness Garden City 3.1% New York A Name City Price Chopper Plaza Wallkill Price Chopper Warwick Middletown 3.0% Penrose Plaza Philadelphia % by Asset Value 8.0% 1.9% Pennsylvania New Jersey Albany ShopRite Gas Station Albany 0.6% Maryland - Grocery & Necessity Total 26.2% Name City % by Asset Value New Jersey Name Lawnside Commons - Grocery & Necessity City % by Asset Value Lawnside 5.0% Stop & Shop Plaza Piscataway 3.7% Wallington ShopRite Wallington 2.4% Towne Crossing Burlington 1.8% Total 12.9% Maryland Virginia Arundel Plaza Glen Burnie Parkway Crossing Parkville 6.6% 4.0% Total 10.6% N. Carolina Virginia - Grocery & Necessity New Jersey - Self-Storage Name Millburn Elizabeth Carteret Perth Amboy Total City % by Asset Value Millburn 3.6% Florida Elizabeth 3.5% Carteret 3.2% Perth Amboy 3.0% 13.3% Note: Total does not add up to 100% due to rounding differences. Name City Colonial Square Colonial Heights % by Asset Value 3.8% North Carolina - Name Lynncroft Center Grocery & Necessity City Greenville % by Asset Value 3.6% Florida Name - Grocery & Necessity City % by Asset Value St. Lucie West Port St. Lucie 12.5% Big Pine Center Big Pine Key 1.3% Total 13.8% 29#30Locations of UHREIT's Self-Storage Properties Livingston South 280 East Orange Kearny Mountain Reservation Harrison Maplewood Newark Liberty Irvingt Int'l Airport 95 124 mit Sprir Millburn +78 Self-Storage nion Hillside 78 Express 440 Westfield 28 Clark Elizabeth Self-Storage 278 Rahway Linden JERSEY NEW YORK ISELIN Carteret Self-Storage Woodbridge Township 團 440 ichen FORDS 207 440 Secaucus MANHATTAN UPPER EAST SIDE HELL'S KITCHEN MIDTOWN MANHATTAN Manhattan 278 Jersey City 440 New York 278 478 Statue of Port Newark Liberty Dayonne NEW JERSEY Upper Brooklyn PARK SLOP 27 JACKS HEIGH ELMH EAST N ✓ Undersupply of Self-Storage facilities in New York Metro Area ་ ✓ Regional access to New York City and metropolitan areas via major highways and public transportation ROUTE 278 NEW YORK ST. GEORGE Staten Island STATEN ISLAND GREAT KILLS ELTINGVILLE NEW DORP BAY RIDGE 278 Belt Pk Ocean Pkwy SHEEPSHEAD BAY Self-Storage Supply¹ (Sq ft per Capita) Bay 6.1 3.1 NEW YORK NEW YORK NEW JERSE NEW JERS Approximately 30 minutes away from Newark Liberty International Airport and Port Newark EWR NEWARK LIBERTY INTERNATIONAL PNCT ✓ Surrounded by a mix of residential, commercial, industrial and office developments וויוי. PRINCE'S BAY Perth Amboy Self-Storage PARLIN South Amboy Raritan Bay 1. Cushman & Wakefield Self-Storage Data Services. NY-Newark-Jersey US Average City, NY-NJ-PA 30 UNITED-HAMPSHIRE#31Trust Structure Singapore Unitholders Ownership of Units Distributions Management Services Trustee Services Trustee UNITED-HAMPSHIRE REIT Manager Trustee Fees Management Fees I I I 100.0% Ownership Dividends Dividends Singapore Sub 1 100.0% voting Distributions shares 100.0% Ownership ■ Management Agreement Singapore Intercompany Loan Subs¹ I United States Parent US REIT 100.0% Distributions Ownership U.S. Holding LLC 100.0% Distributions Ownership Property Holding LLC Properties Note: Loan Interest U.S. Asset Manager 1. There are two wholly-owned Singapore Intercompany Loan Subsidiaries extending intercompany loans to the Parent US REIT. Tax Efficient Structure . • No U.S. corporate tax (21%) and U.S. withholding tax (30%) • No Singapore corporate tax (17%) and withholding tax (10%) Minimal taxes incurred 31 UNITED-HAMPSHIRE#32Income Stability & Diversification Across the Portfolio 32 Base Rent by Segment¹ Self-Storage, 8.5% Grocery & Necessity, 91.5% Self-Storage 4.8% Grocery & Necessity 95.2% 1. Based on FY 2021 base rental income and NPI. NPI by Segment¹ NPI by Location¹ Base rent by Location¹ Pennsylvania, 0.9% North Carolina, 5.4% Massachusetts, 8.0% Virginia, 0.5% New York, 31.8% North Carolina, 5.1% Massachusetts, 8.4% Maryland 12.3% Florida, 13.7% Florida, 11.9% New Jersey, 27.4% Maryland, 13.2% Pennsylvania, 1.0% Virginia, 0.6% New York, 34.3% New Jersey, 25.5% UNITED-HAMPSHIRE#331. Wakefern Food Corporation / ShopRite 1 Top 10 Tenants¹ 12.2% 11.7% 9.0% Anchored by large, creditworthy tenants, that focus on resilient grocery, discounters, wholesale and home improvement BJ's Wholesale Club Holdings, Inc 5.9% 4.9% 4.8% 4.1% 3.3% 3.2% 1.6% Based on base rental income of Grocery & Necessity Properties for the month of December 2021. Burlington Stores, Inc UNITED-HAMPSHIRE 33#34Portfolio Overview (Grocery & Necessity Properties) Property Name Garden City Square - New York Freehold 2012 Location Land Tenure Completion Year NLA (Sq Ft) Committed Occupancy¹ WALE (years) Property Value (US$ Million) 121,000 100.0% 10.9 48.0 BJ's Wholesale Club Garden City Square - New York Freehold 2013 55,000 100.0% 8.5 21.0 LA Fitness Albany ShopRite - New York Freehold 2012 65,000 100.0% 10.3 23.7 Supermarket Albany ShopRite - Gas New York Freehold 1991 915 100.0% 10.3 4.4 Station Price Chopper Plaza New York Freehold 2011 84,295 100.0% 10.9 20.9 Wallkill Price Chopper New York Freehold 1990 137,795 95.8% 5.7 13.0 Hudson Valley Plaza² New York Freehold 1996 673,370 88.3% 4.8 49.2 Wallington ShopRite New Jersey Leasehold 2015 94,027 100.0% 18.5 16.3 Stop & Shop Plaza New Jersey Freehold 1999 84,167 100.0% 2.6 25.5 Towne Crossing New Jersey Freehold 1998 92,000 67.9% 3.6 12.3 Information as at 31 December 2021. 1. Including leases that were signed but have not commenced. 2. The occupancy rate of Hudson Valley Plaza is calculated based on the NLA of 673,370 sq ft minus the non-functional static space of 67,616 sq ft. 34 UNITED-HAMPSHIRE#35Portfolio Overview (Grocery & Necessity Properties) Property Name Location Land Tenure Completion Year NLA (Sq Ft) Committed Occupancy¹ WALE (years) Property Value (US$ Million) Lawnside Commons New Jersey Freehold 1970 151,076 100.0% 6.7 34.6 St. Lucie West Florida Freehold 1992 318,323 (with New Publix 96.6% 8.0 86.1 Store) Maryland Big Pine Center Florida Freehold 1984 Arundel Plaza 93,150 92.3% 4.7 9.1 Freehold 1997 282,039 100.0% 9.8 45.2 Parkway Crossing Maryland Freehold 1967 260,241 100.0% 6.4 27.3 BJ's Quincy Massachusetts Freehold 2009 84,360 100.0% 8.3 34.8 Fairhaven Plaza Massachusetts Freehold 1999 80,989 96.7% 7.1 19.5 Lynncroft Center North Carolina Freehold 2002 182,925 97.7% 4.7 25.0 Colonial Square Penrose Plaza Virginia Pennsylvania Freehold 1967 168,326 97.4% 6.1 26.4 Freehold 1970 258,494 94.1% 8.3 55.1 Information as at 31 December 2021. 1. Including leases that were signed but have not commenced. 35 UNITED-HAMPSHIRE#36Portfolio Details (Self-Storage Properties) Property Name Location Land Tenure Completion Year NLA (Sq Ft) Occupancy Property Value (US$ Million) Carteret Self-Storage New Jersey Freehold 2017 74,125 88.1% 22.2 Millburn New Jersey Freehold 2018 80,943 94.8% 24.5 Self-Storage Elizabeth Self-Storage New Jersey Freehold 2020 76,308 64.1% 24.0 Perth Amboy Self-Storage¹ New Jersey Freehold 2021 68,898 44.8% 20.4 36 Information as at 31 December 2021. 1. Construction of Perth Amboy Self-Storage was completed and leasing activities started in January 2021. UNITED-HAMPSHIRE#37The Sponsors - UOB Global Capital and The Hampshire Companies LLC 37 A synergistic long-term partnership 10 year partnership 3 co-managed funds 3 co-investment managed portfolios + UOB Global Capital >20 year track record US$2.9b AUM1 • Asset management subsidiary of UOB HAMPSHIRE >60 year track record 150 properties US$2.0b AUM1 >11 million sq ft retail space acquired/developed 3rd generation US property specialists Information as at 31 December 2021. . UOB co-invests alongside LPs, and provides the resources of its extensive platform • Offices in the US, Europe and Asia Pacific • • Intensive, hands-on experience in real estate investment, asset management and enhancement Diversified investment platform and derives results from its broad experience in multiple commercial real estate asset classes, including industrial, retails, self-storage, office, industrial and multifamily UNITED-HAMPSHIRE