Ca Immobilien Anlagen Ag · VIE:CAI
Ca Immobilien Anlagen — FY2025 Earnings Presentation
72 slides from Ca Immobilien Anlagen's earnings presentation, March 2026
Slide 1: FY 2025 Analyst & Investor Update
FY 2025 ANALYST & INVESTOR UPDATE ALL DATA AS AT 31 DECEMBER 2025 UNLESS OTHERWISE STATED
Slide 2: Key Achievements FY 2025
Overview Key Achievements FY 2025 Occupancy • Occupancy increased from 93.1% to 94.9% yoy, with improvements in nearly all markets. • 36% of current vacancy already leased with future lease start dates upcoming. Income • Gross Rental Income slightly down at €230.9m despite shrinking the Investment P
Slide 3: Macroeconomic & Market Environment
Overview Macroeconomic & Market Environment Macroeconomic Environment Office Market Environment • Soft economic activity continues to weigh on demand. • Shifting trade patterns set in motion by US trade policy changes caused • 2025 Net Take-up marginally up in total in CAI markets, but large trade d
Slide 4: Key Strategic Priorities
Overview Key Strategic Priorities Priorities Select Steps • Drive performance through prime portfolio quality and less dilution from low returning assets. Focus on • Reduce vacancy / capture rent reversion. Profitability • Continued operational efficiency and improved margins via process improvement
Slide 5: Future Return Drivers and Select Steps
Overview Future Return Drivers and Select Steps Return Drivers Select Steps / Impact • Signed 186 leases in FY 2025 totalling c. 190,100 sqm with rents above expected rental value (ERV) reducing portfolio vacancy to 5.1%. Lease Up • 36% of current vacancy already leased with future lease start dates
Slide 6: Portfolio Overview
PORTFOLIO OVERVIEW Grasblau, Berlin ↑ Hochhaus am Europaplatz, Berlin ↓ Heidestraße 58, Berlin ↑ John F. Kennedy Haus, Berlin ↓
Slide 7: Total Portfolio
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Total Portfolio Total Portfolio (GAV) Basis 2018 2019 2020 2021 2022 2023 2024 2025 + / (-) Investment Properties1) €m 3,760.4 4,307.9 4,736.0 4,995.5 4,978.7 4,753.9 4,255.3 3,706.0 (12.9%) Active Development Under Constructio
Slide 8: Investment Properties – KPIs (I)
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – KPI‘s (I) Investment Properties1) Basis 2018 2019 2020 2021 2022 2023 2024 2025 + / (-) Properties # 74 77 79 74 64 63 53 41 (12) Gross Leasing Area (GLA) sqm 1,403,966 1,443,364 1,373,773 1,320,279 1,11
Slide 9: Investment Properties – KPIs (II)
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – KPI‘s (II) GLA (sqm) FY ‘25 FY ‘24 +/(-) GAV (€m) FY ‘25 FY ‘24 +/(-) In-Place GRI (€m)1) FY ‘25 FY ‘24 +/(-) Austria 95,953 96,679 (0.8%) Austria 234.9 235.4 (0.2%) Austria 17.9 17.4 3.0% Czechia 64,664
Slide 10: Investment Properties – Like-for-Like Performance 2025 vs 2024
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Like-for-Like-Performance 2025 vs 2024 Market Gross Asset Value (€m) In-Place GRI (€m) Gross Initial Yield (%)1) SQM Occupancy (%) 2025 2024 +/(-) 2025 2024 +/(-) 2025 2024 +/(-) 2025 2024 +/(-) Austria
Slide 11: Investment Properties – Largest Assets
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – 10 Largest Assets 1. ONE 2. Skygarden 3. Hochhaus am Europaplatz 4. Kontorhaus 5. MY.O City Frankfurt City Munich City Berlin City Munich City Munich Book Value €473.1m Book Value €292.2m Book Value €231
Slide 12: Investment Properties – Leasing Overview FY 2025
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Leasing Overview FY 2025 New Leasing Renewal Total Leasing Total Leases Total GRI p.a. Average Office + / (–) to WAULT to WAULT to WAULT to Market (sqm) (sqm) (sqm) Signed (#) (€m) Rent (€ psqm) ERV (%)1
Slide 13: Investment Properties – Berlin Europacity Leasing / Reversion
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Berlin Europacity Leasing / Reversion Europacity Leasing Development 50.00 45.00 40.00 35.00 € per sqm 30.00 25.00 20.00 15.00 10.00 2018 2019 2020 2021 2022 2023 2024 2025 2026 Average In Place Highest
Slide 14: Investment Properties – Danube House Update
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Danube House Update Description • After 20 years of operation Danube House in Prague is being extensively renovated to high quality & design standards with a focus on new services, highest tenant comfort
Slide 15: Investment Properties – Tenant Base
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Tenant Base Lease Maturity Profile Tenant Industry Distribution 50% 100 100% 1% 90 90% 9% 19% Computers / HiTech 80 80% 9% Professional Services 70 70% 60 60% Financial Services Total In- €m 50 50% Consu
Slide 16: Investment Properties – Consumption Overview
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Consumption Overview Whole Building Energy Intensity (kwh/sqm) Energy Mix of the CA Immo IP (MWh) 300 14% 250 239 207 197 Gas 200 169 162 kWh psqm 155 150 District Heating 150 Basis: 50% 147,908 MWh Elec
Slide 17: Investment Properties – Certification Overview
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – Certification Overview Certified Portfolio1) Certification Split by Book Value1) 4,000 100% 12% 3,500 90% DGNB Gold 80% 3,000 5% DGNB Platin 70% 35% 2,500 60% 5% LEED Gold LEED Platin €m 2,000 50% GAV: 5
Slide 18: Investment Properties – EPC Overview
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – EPC Overview Portfolio by EPC Classes1)2) EPC Split by Book Value1) 6,000 90% 1% 80% 16% 5,000 23% 10%<NZEB 70% Top 15% 4,000 60% 8% A 50% 3,000 GAV: B €m 40% €3.7bn 2,000 30% C 10% 20% Top 30% 1,000 10%
Slide 19: Investment Properties – CRREM 1.5°C Benchmark Alignment
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Investment Properties – CRREM 1.5°C Benchmark Alignment Group CO2 Emissions Intensity (kgCO2 psqm) vs. CRREM Benchmark 80 100% 72 89% 90% 70 83% 69 Share of Renewable Electricity (Whole Building) 64 80% CO2 Emissions Intensity
Slide 20: Development Properties – Strong Track Record
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Development Properties – Strong Track Record Total Costs Invested (as at Year of Completion) CA Immo Development Track Record 3,500 • Since 2011 CA Immo has developed 3,000 148 2,915 561 assets with a total cost of c. €2.9bn. 2
Slide 21: Development Properties – Pipeline Overview
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Development Properties – Pipeline Overview Costs Construction Buildable Book Value Total Costs Gross Yield on Pre-Leased Properties1) City Main Use # Completion Outstanding Start GLA (sqm) (€m) (€m) Cost (€m) Upbeat Berlin Offi
Slide 22: Active Developments Under Construction – Upbeat Update
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Active Developments Under Construction – Upbeat Update Description • Landmark office tower with three interconnected sections (5, 11, and 19 floors, up to 82 m high). • Underground parking for cars and ~300 bicycles, incl. e- c
Slide 23: Active Developments Under Construction – Anna Lindh Haus Update
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Active Developments Under Construction – Anna Lindh Haus Update Description • Class A office building with an iconic architecture, cutting edge sustainability credentials, excellent connections to public / private transportatio
Slide 24: Active Developments Under Construction – Karlsgärten Update
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Active Developments Under Construction – Karlsgärten Update Description • Am Karlsbad 11 investment property was fully vacated and reclassified as development property (renamed “Karlsgärten”) in Q1 2024. • Business plan to repo
Slide 25: Active Developments In Planning – Alexander von Humboldt Haus Update
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Active Developments In Planning – Alexander von Humboldt Haus Update Description • Unique location directly at the waterfront of Humboldthafen and only a footstep away from Berlin’s main railway station. • Building will provide
Slide 26: Active Developments In Planning – Skygreen Update
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Active Developments In Planning – Skygreen Update Description • Demolition of the existing building at Hallesches Ufer and construction of a new Class A office property featuring a distinctive timber-hybrid design. • The archit
Slide 27: Development Properties – Forecast Income Contribution
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Development Properties – Forecast Income Contribution In-Place GRI Development Contribution1) Key Drivers 250 • Final lease-up and stabilization of ONE plus four properties under construction 240 and in planning are expected to
Slide 28: Development Properties – Forecast GAV / NAV Contribution
Portfolio Financials Returns Capital Markets Appendix Portfolio Overview Development Properties – Forecast GAV / NAV Contribution Investment Portfolio Development Contribution1) Key Drivers 5,200 4,995 4,979 5,000 • Like-for-like upon completion of 4,800 4,736 4,754 187 4,624 current pipeline, Germa
Slide 29: Capital Rotation
CAPITAL ROTATION Kontorhaus, Munich ↑ NEO, Munich↓ Skygarden, Munich ↑ MyO, Munich ↓
Slide 30: Capital Rotation – Transaction Overview
Portfolio Financials Returns Capital Markets Appendix Capital Rotation Transaction Overview Acquisitions / Disposals1) Basis 2019 2020 2021 2022 2023 2024 2025 Total Closed Acquisitions # 2 3 1 1 1 - 1 Cumulative since 2018 2 5 6 7 8 8 9 Germany €m 3.0 131.2 1.6 98.6 26.5 - 0.2 Poland €m - 87.0 - -
Slide 31: Closed Disposals 2025
Portfolio Financials Returns Capital Markets Appendix Capital Rotation Closed Disposals 2025 CAI Existing GLA In-Place Book Value + / (–) # Property City Stage Sector Closing Share (sqm) GRI (€m) (€m)1) Book Value2) 1 Feldkirchen4) 100% Munich Land Plot Mixed Use Q1 2025 105,600 - 12.5 56.7%3) 2 Par
Slide 32: Closed & Signed Disposals 2026
Portfolio Financials Returns Capital Markets Appendix Capital Rotation Closed & Signed Disposals 2026 CAI Existing GLA In-Place Book Value + / (–) # Property City Stage Sector Closing Share (sqm) GRI (€m) (€m)1) Book Value2) 1 Spreebogen 100% Berlin Investment Property Office Q1 2026 29,750 5.0 91.7
Slide 33: Select Pipeline Disposals
Portfolio Financials Returns Capital Markets Appendix Capital Rotation Select Pipeline Disposals Intercity, Frankfurt Capital Square, Budapest Sienna Centre, Warsaw Country Germany Country Hungary Country Poland Investment Investment Investment Status Status Status Property Property Property Sector
Slide 34: Opportunistic Disposal Pipeline
Portfolio Financials Returns Capital Markets Appendix Capital Rotation Opportunistic Disposal Pipeline1) Signed/Closed Exclusivity Pipeline Total In % of Total Properties Book Value In-Place Properties Book Value In-Place Properties Book Value In-Place Properties Book Value In-Place Book Value In-Pl
Slide 35: Financials
FINANCIALS
Slide 36: Profit & Loss (I)
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Profit & Loss (I) Profit and Loss (€m) Basis 2018 2019 2020 2021 2022 2023 2024 2025 Gross Rental Income €m 192.4 220.7 235.6 201.1 213.8 231.4 238.9 230.9 Net Rental Income €m 175.2 194.7 209.7 176.5 180.7 192.8 202.2 200.2 Ot
Slide 37: Profit & Loss (II)
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Profit & Loss (II) Profit and Loss (€m) 2025 2024 +/(–) Q4 2025 Q4 2024 +/(–) Key Metrics Gross Rental Income 230.9 238.9 (3.4%) 52.6 59.9 (12.2%) 1 Rental Income slightly down at €230.9m and Net 1 Net Rental Income 200.2 202.2
Slide 38: Result from Revaluation
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Result from Revaluation FY 2025 Result from Revaluation by Status FY 2025 Result from Revaluation by Country 40 20 35 27 18 6 Result from Revaluation Result from Revaluation (€m) 30 16 15 (5) 25 14 (2) (€m) 20 (9) 12 (2) 15 10
Slide 39: Cumulative Result from Revaluation
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Cumulative Result from Revaluation 2018 - 2025 Result from Revaluation by Region 1,600 525 14 1,460 21 1,400 (2) 1,366 (49) (65) 1,200 Result from Revaluation (€m) 270 1,000 (13) 923 (412) (74) (33) 834 800 (87) 74 739 3 (88) (
Slide 40: Balance Sheet (I)
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Balance Sheet (I) Balance Sheet (€m) Basis 2018 2019 2020 2021 2022 2023 2024 2025 Investment Properties €m 3,755.2 4,292.9 4,723.1 4,984.3 4,965.8 4,743.4 4,249.7 3,694.1 Properties Under Development €m 651.6 817.1 791.1 1,097
Slide 41: Balance Sheet (II)
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Balance Sheet (II) Balance Sheet (€m) FY 2025 FY 2024 +/(–) Key Drivers 1 Investment Properties 3,694.1 4,249.7 (13.1%) 1 Investment Properties down at €3,694m mainly 2 Properties Under Development 637.1 457.0 39.4% due to recl
Slide 42: Balance Sheet Metrics
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials Balance Sheet Metrics Balance Sheet Basis 2018 2019 2020 2021 2022 2023 2024 2025 Total Assets €m 5,356 5,889 6,820 7,114 7,171 6,222 6,029 5,462 Property Assets (GAV) €m 4,471 5,186 5,596 6,254 5,910 5,159 4,965 4,675 Cash and
Slide 43: FFO (I)
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials FFO (I) Funds From Operations (€m) Basis 2018 2019 2020 2021 2022 2023 2024 2025 Net Rental Income €m 175.2 194.7 206.0 176.5 180.7 192.8 202.2 200.2 Income from Services €m 12.1 8.5 8.2 8.1 5.2 2.8 1.8 0.8 Other Operating Inco
Slide 44: FFO (II)
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials FFO (II) Funds From Operations (€m) 2025 2024 +/(–) Q4 2025 Q4 2024 +/(–) Net Rental Income 200.2 202.2 (1.0%) 45.1 53.1 (14.9%) Income from Services 1.0 1.8 (48.2%) 0.1 0.4 (61.5%) Other Operating Income/Expenses excl. Service
Slide 45: GAV / NAV Bridge
Portfolio Financials Returns Capital Markets Appendix FY 2025 Financials GAV / NAV Bridge Item Basis 2018 2019 2020 2021 2022 2023 2024 2025 1) GAV €m 4,470.6 5,186.4 5,596.2 6,254.2 5,910.5 5,159.0 4,964.8 4,675.4 Cash and Cash Equivalents (incl. Cash Deposits) €m 374.3 439.1 934.9 633.1 823.8 738.
Slide 46: Debt Maturity Profile
Portfolio Financials Returns Capital Markets Appendix Financing Debt Maturity Profile Debt Maturity Profile1) 1,000 Average Cost of Debt (to be) Repaid 1.27% 1.29% 3.32% 900 800 707 700 600 €m 500 454 405 400 Repaid in March 2026 300 204 200 182 127 95 100 50 - 2026 2027 2028 2029 2030 2031 2032 203
Slide 47: Bond Trading Update
Portfolio Financials Returns Capital Markets Appendix Financing Bond Trading Update CA Immo Eurobond Trading (Spread to Base Rate) 500 450 400 350 Spread to Base Rate (bps) 300 250 200 150 100 50 - 2020 2021 2022 2023 2024 2025 2026 2027 Benchmark Bond 2030 Green Bond Spread (bps) Yield to Maturity
Slide 48: Financial Profile
Portfolio Financials Returns Capital Markets Appendix Financing Financial Profile Loan-to-Value (LTV) Average Debt Maturity & Cost of Debt 60% 6.0 3.00% 55% 2.4% 5.0 2.50% 2.3% 50% 2.2% 48.3% 4.0 2.00% Years 45% 3.0 1.50% 40% 35% 2.0 1.00% 34.5% 30% 1.0 0.50% 25% 2018 2019 2020 2021 2022 2023 2024 2
Slide 49: Returns
RETURNS Rendering: Development Anna Lindh Haus, Berlin
Slide 50: Profitability & Operational Key Metrics
Portfolio Financials Returns Capital Markets Appendix Returns Profitability & Operational Key Metrics Profitability Basis 2018 2019 2020 2021 2022 2023 2024 2025 2) NRI Margin % 91.0% 88.2% 89.0% 87.7% 84.6% 83.3% 84.6% 3.1% FFO I €m 118.5 133.3 133.8 128.3 125.3 113.8 120.0 118.5 FFO II (Post Tax)
Slide 51: Total Capital Return to Shareholders
Portfolio Financials Returns Capital Markets Appendix Returns Total Capital Return to Shareholders Capital Return to Shareholders since End 2018 500 1,600 Cumulative Capital Return to Shareholders Capital Return to Shareholders (€m) 1,400 399 400 352 1,200 284 1,000 300 (€m) 800 200 174 600 93 91 40
Slide 52: Total Dividend Payments
Portfolio Financials Returns Capital Markets Appendix Returns Total Dividend Payments Dividend Payments since End 2018 Key Drivers 4.00 1,600 • Since end of 2018 CA Immo has 3.56 distributed c. €1.3bn in dividends 3.50 3.50 1,400 (ordinary and extraordinary dividend payments) without changing the 3.
Slide 53: Share Buyback
Portfolio Financials Returns Capital Markets Appendix Returns Share Buyback Basis 2019 2020 2021 2022 2023 2024 2025 2026 YTD Total Shares Outstanding # 98,808,336 98,808,336 98,808,336 106,496,426 106,496,426 106,496,426 101,171,605 101,171,605 Shares Issued # - - - 7,688,090 - - - - Shares Cancell
Slide 54: Return on Equity – Peer Comparison
Portfolio Financials Returns Capital Markets Appendix Returns Return on Equity – Peer Comparison TTM Return on Equity (RoE)1) 20% 15% 10% 5% - (5%) (10%) (15%) (20%) Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2019 2020 2021 2022 2023 2024 2025 CA Immo
Slide 55: Total Accounting Return (I)
Portfolio Financials Returns Capital Markets Appendix Returns Total Accounting Return (I) Total Accounting Return (TAR) per Share1) Key Drivers 45.0 • 43% Total Accounting Return (TAR) since FY 2018. 43.0 • Composition of TAR: IFRS NAV change +11% and dividend distributions. 41.0 +8% +43% • Positive
Slide 56: Total Accounting Return (II)
Portfolio Financials Returns Capital Markets Appendix Returns Total Accounting Return (II) Total Accounting Return (TAR) vs. Discount to IFRS NAV (%) Peer 18 - CA Immo Peer 9 Peer 5 (20%) Peer 7 Peer 17 Spot Discount to IFRS NAV (%)1) Peer 4 Peer 10 (40%) Peer 13 Peer 15 Peer 6 Peer 8 Peer 19 Peer 1
Slide 57: Total Shareholder Return (I)
Portfolio Financials Returns Capital Markets Appendix Returns Total Shareholder Return (I) Total Shareholder Return since 20181) 75% 50% 25% - (25%) (50%) 2019 2020 2021 2022 2023 2024 2025 2026 CA Immo Equal Weight Peer Index 2) EPRA Developed ex UK Index 1 Year 3 Years Since 2018 CA Immobilien Anl
Slide 58: Total Shareholder Return (II)
Portfolio Financials Returns Capital Markets Appendix Returns Total Shareholder Return (II) Total Shareholder Return (TAR) vs. Discount to IFRS NAV (%) - CA Immo Peer 17 Peer 1 Peer 8 (20%) Spot Discount to Last Reported IFRS NAV (%) Peer 6 Peer 9 Peer 16 Peer 11 Peer 3 Peer 14 (40%) Peer 5 Peer 18
Slide 59: Capital Markets
CAPITAL MARKETS Rendering: Development Hallesches Ufer / Skygreen, Berlin
Slide 60: Key Capital Markets Information
Portfolio Financials Returns Capital Markets Appendix Capital Markets Key Capital Markets Information Analyst Recommendations Stock Information Institution Analyst Recommendation Target Price (€) Date Type of Shares No-par value shares Oddo BHF Elias New Outperform 27.00 23.03.2026 Stock Market List
Slide 61: Equity Valuation – Peer Comparison
Portfolio Financials Returns Capital Markets Appendix Capital Markets Equity Valuation – Peer Comparison Premium / Discount to IFRS NAV 1) 40.0% 30.0% 20.0% 10.0% - (10.0%) (20.0%) (30.0%) (40.0%) (50.0%) (60.0%) 1) CA Immo Equal Weight Peer Index Source: Bloomberg as at 18.03.2026; 1) Equal Weight
Slide 62: Appendix
APPENDIX Rendering: Danube House, Prague
Slide 63: Five Strategic Core Pillars
Portfolio Financials Returns Capital Markets Appendix Appendix Five Strategic Core Pillars Entire Value Chain Urban Cities Pure Play Office Resilient Portfolio Solid Balance Sheet • Investment Management • Tier 1: Berlin, Munich • Technology • Balance of income, • Balance of secured/ • Asset Managem
Slide 64: Capital Rotation Value Chain
Portfolio Financials Returns Capital Markets Appendix Appendix Capital Rotation Value Chain • Excellent locations in established and emerging submarkets. • Old, inefficient, tired existing assets in strong locations with value creation potential. • New high quality, sustainable and certified existin
Slide 65: BUWOG Litigation Update
Portfolio Financials Returns Capital Markets Appendix BUWOG Litigation Update Proceedings Overview & Key Milestones Case Status Key Points Description Criminal Proceedings Closed Conviction and jail time sentence for crimes • In 2009, public prosecutors opened criminal investigations against Karl-He
Slide 66: Experienced Management Team
Portfolio Financials Returns Capital Markets Appendix Appendix Experienced Management Team Keegan Andreas Hedwig Martin Carsten Vojtech Christoph Viscius Schillhofer Höfler Löcker Bachmann Ozorovsky Thurnberger CEO, joined in CFO, joined in Group Head of Group Head of Head of Asset Head of Asset Gro
Slide 67: Market – Office Demand
Portfolio Financials Returns Capital Markets Appendix Appendix Market – Office Demand Office Take-up, Q1 2019 – Q4 2025 1,000 900 800 700 600 ksqm 500 400 300 200 100 - 19 20 21 22 23 24 25 19 20 21 22 23 24 25 19 20 21 22 23 24 25 19 20 21 22 23 24 25 19 20 21 22 23 24 25 19 20 21 22 23 24 25 19 20
Slide 68: Market – Vacancy & Completions
Portfolio Financials Returns Capital Markets Appendix Appendix Market – Vacancy & Completions Vacancy SQM and Vacancy Rate, Q1 2019 – Q4 2025 2,000 30% 1,800 25% 1,600 1,400 20% 1,200 ksqm 1,000 15% 800 10% 600 400 5% 200 - - Vacancy Grade A ('000 sqm) Vacancy Grade B ('000 sqm) Vacancy Rate (rhs) C
Slide 69: Market – Rents
Portfolio Financials Returns Capital Markets Appendix Appendix Market – Rents Average and Prime Rents , Q1 2019 – Q4 2025 70 60 50 40 €psqm 30 20 10 - Prague Budapest Warsaw Berlin Munich Frankfurt Düsseldorf Vienna Average Rent (€/sqm pm) Prime Rent (€/sqm pm) Cumulative Prime Rental Growth vs. Cum
Slide 70: Market – Transaction Activity / Deal Volume
Portfolio Financials Returns Capital Markets Appendix Appendix Market – Transaction Activity / Deal Volume Office Investment Volume, Prime Yield YTD 10,000 8% 9,000 7% 8,000 6% 7,000 6,000 5% €m 5,000 4% 4,000 3% 3,000 2% 2,000 1,000 1% - - 19 20 21 22 23 24 25 19 20 21 22 23 24 25 19 20 21 22 23 24
Slide 71: Market – City Matrix
Portfolio Financials Returns Capital Markets Appendix Appendix Market – City Matrix Key Metrics - Market Q4 Berlin Düsseldorf Frankfurt Munich Vienna Budapest Prague Warsaw Item Current Δ 12M Current Δ 12M Current Δ 12M Current Δ 12M Current Δ 12M Current Δ 12M Current Δ 12M Current Δ 12M Total Stoc
Slide 72: Contact Details
Capital Markets/Investor Relations Contact Details Christoph Thurnberger Julian Wöhrle Group Head of Capital Markets & Corporate Office Deputy Head of Capital Markets Tel.: +43 (1) 532 59 07 504 Tel.: +49 89 54548 517 E-Mail: christoph.thurnberger@caimmo.com E-Mail: julian.woehrle@caimmo.de www.caim