40 SECTION 05 AL-`AQAR HEALTHCARE REIT PORTFOLIO CAPITAL The Portfolio Capital represents Al-`Aqar’s diversified portfolio of high-quality assets within the healthcare sector with a strong partnership with KPJ. This diversified portfolio stretches to numerous specialisations within the healthcare sector, managing hospitals, wellness centres, medical colleges, and aged care facilities. Al-`Aqar’s growth strategy focuses on its three strategic pillars under the VENTURE27 framework, which includes expanding the REIT’s tenant base through alternative healthcare partnerships and operational readiness; driving KPJ-complementary growth via capacity expansion and land development; diversifying the healthcare value chain into niche services and integrated facilities; and addressing the aged market through capital recycling and seniorliving partnerships. Underpinned by financial discipline and sustainability integration, these initiatives ensure the REIT remains competitive while delivering sustainable unitholder returns. This capital is deeply interconnected with the REIT’s broader resources. The acquisition and operation of properties rely on the expertise from the Human Capital, the systems from the Intellectual Capital, and the resources from available Natural Capital. Conversely, a well-managed portfolio generates the stable rental income necessary to replenish and grow the REIT’s Financial Capital, creating a self-sustaining cycle of value. In FY2025, Al-`Aqar achieved a significant milestone by completing RM241 million in acquisitions, the highest annual investment volume since 2011. These assets, comprising new extension buildings in the prime, mature markets of the Klang Valley and Penang, are integral to the long-term expansion strategies of both the REIT and its sponsor, KPJ. These extensions directly support KPJ’s goal of increasing its total bed count to 6,100 by 2030 to meet surging healthcare demand. Beyond increasing capacity, these initiatives modernise existing hospital layouts, significantly enhancing the environment for both patients and medical staff. Renowned as the first private hospital in Malaysia to achieve full MSQH accreditation, this facility is a benchmark for quality in the healthcare sector. Its capacity and service capabilities have been significantly enhanced by a 15-storey extension building specifically designed to accommodate the growing international demand for medical tourism. Located in one of the Klang Valley’s most affluent enclaves, this premier hospital is a global destination for specialised treatments in cardiology, oncology, and bariatric surgery. Recognised as the ‘Women’s Health and Wellness Service Provider of the Year’, it combines world-class medical expertise with state-of-the-art facilities to serve a sophisticated patient base. FEATURED ASSETS KPJ Ampang Puteri Specialist Hospital KPJ Damansara Specialist Hospital PORTFOLIO OVERVIEW
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