Annual Report 2025 205 36 Financial Ratios Group 2025 % 2024 % Expenses to weighted average net assets1 – including performance component of Manager’s management fees 0.73 0.77 – excluding performance component of Manager’s management fees 0.40 0.44 Portfolio turnover rate2 0.25 4.67 1 The annualised ratios are computed in accordance with the guidelines of Investment Management Association of Singapore. The expenses used in the computation relate to expenses of the Group, excluding property expenses and finance costs. 2 The annualised ratio is computed based on the lesser of purchases or sales of underlying investment properties of the Group expressed as a percentage of average net asset value. Group 2025 2024 Aggregate leverage (%) 38.6 38.5 Interest coverage ratio (“ICR”)3 (times) 3.7 3.1 ICR Sensitivity4: – 10% decrease in EBITDA (times) 3.3 – 100bps increase in weighted average interest rate5 (times) 2.8 3 ICR is defined as the ratio of earnings of CICT Group, before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, foreign exchange translation, non-operational gain/ loss as well as share of results of joint ventures) and distribution income from joint ventures, over interest expense and borrowing-related costs, on a trailing 12-month basis. CICT did not issue any hybrid securities. 4 In accordance with the Monetary Authority of Singapore (“MAS”)’s revised Code on Collective Investment Schemes dated 28 November 2025. 5 Assuming 100bps increase in the weighted average interest rate of all hedged and unhedged borrowings. 37 Events After the Reporting Period a) On 14 January 2026, CICT entered into an agreement with an unrelated third-party for the sale of 90 strata lots in Bukit Panjang Plaza at the sale price of $428.0 million, which was completed on 27 February 2026. b) On 14 January 2026, the consortium comprising the wholly owned sub-trust of CICT and another entity whose shareholders comprise CapitaLand Group Pte. Ltd. (or its wholly owned subsidiary) and a thirdparty shareholder, being a UOL consortium, was awarded the tender of a mixed-use commercial and residential site at Hougang Central by the Housing and Development Board. CICT will develop and own 100% of the commercial component at an expected total development cost of $1.1 billion.
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