Crombie Real Estate Investment Trust · TSX:CRR.UN

Crombie Real Estate Investment Trust — Q1 2026 Earnings Presentation

15 slides from Crombie Real Estate Investment Trust's earnings presentation, May 7, 2026

  1. Slide 1: The Essential REIT – Q1 2026 Conference Call

    The Essential REIT Q1 2026 Conference Call | May 7, 2026

  2. Slide 2: Cautionary Statements

    Cautionary Statements Forward-looking Information Non-GAAP Measures This presentation contains forward-looking statements that reflect the current expectations of Certain terms used in this presentation, such as AFFO, FFO, Commercial same-asset property cash NOI, management of Crombie about Crombie'

  3. Slide 3: Building Together

    Building Together Enriching communities by building spaces and value today that leave a positive impact on tomorrow VALUE CREATION Own & Operate Optimize Partner SOLID FOUNDATION Financial Strength ESG People & Culture COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2025 3

  4. Slide 4: Grocery-Anchored Retail Portfolio with Strategic Complementary Assets

    Grocery-Anchored Retail Portfolio with Strategic Complementary Assets1 Retail Retail-Related Industrial Mixed-Use Residential $4.9B 15.0M $0.7B 3.0M $0.5B 0.6M FAIR VALUE3 SQ. FT. FAIR VALUE3 SQ. FT. FAIR VALUE3 SQ. FT. SCALE 310 $6.4B 19.4M properties2 fair value2,3 sq. ft. of GLA2 1. Crombie’s por

  5. Slide 5: Solid Results Across Key Operating and Financial Metrics

    Solid Results Across Key Operating and Financial Metrics RENEWALS RENEWAL SPREADS Q1 2026 Q1 2026 232,000 sq. ft. 12.1% Q1 2025: 167,000 sq. ft. +38.9% Q1 2025: 10.0% +2.1% COMMITTED OCCUPANCY AVERAGE ANNUAL MINIMUM RENT Q1 2026 Q1 2026 97.6% $19.20 Q1 2025: 97.1% +0.5% Q1 2025: $18.48 +3.9% PROPERT

  6. Slide 6: Portfolio Activity – Allocating Capital Toward Necessity-based Retail

    Portfolio Activity – Allocating Capital Toward Necessity-based Retail Q1 2026 ACQUISITION S • 100% interest in Whitby, Nordeagle Avenue, totalling 484,000 sq. ft. for purchase price of $115.4M excluding closing and transaction costs – Whitby, Ontario • 100% interest in Saint-Hubert, Longueuil, total

  7. Slide 7: Four Key Levers for Flexibility in Both Non-Major and Major Developments

    Four Key Levers for Flexibility in Both Non-Major and Major Developments NON-MAJOR MAJOR Projects less than $50M Projects greater than $50M MODERNIZE INTENSIFY ENTITLE DEVELOP • Capital investments in existing • Adding GLA and/or repurposing • Advancing key sites through • Large-scale, transformativ

  8. Slide 8: Strategic Alignment with Empire

    Strategic Alignment with Empire EMPIRE REPRESENTS 1 1 12.0M 61.6% 9.8 years1 90.5% sq. ft. of occupied of AMR generated weighted average remaining Empire of retail properties portfolio GLA by Empire lease term anchored by Empire CAPITALIZING ON STRATEGIC ALIGNMENT ACQUISITIONS LAND-USE INTENSIFICATI

  9. Slide 9: Partnering for Responsible Growth

    Partnering for Responsible Growth PROPERTIES– HALIFAX STRATEGIC BENEFITS MONTEZ CORPORATION Halifax, N.S. THE MARLSTONE Completion in Q2 2026 • Entitlement-driven value creation BARRINGTON STREET Entitlement • Reduced capital BRUNSWICK PLACE requirements and Entitlement enhanced flexibility • Preser

  10. Slide 10: Delivering Consistent and Steady Cash Flow Growth

    Delivering Consistent and Steady Cash Flow Growth Declared $0.01 distribution increase for the second consecutive year Q1 2026 Q1 2025 Q1 2024 Property Revenue $127,130 $122,735 $118,609 Operating Income Attributable to Unitholders $27,802 $24,778 $26,205 1,2 FFO per Unit $0.33 $0.31 $0.30 1,2 AFFO

  11. Slide 11: Persistent Pursuit of Delivering Operational Excellence

    Persistent Pursuit of Delivering Operational Excellence RENEWALS1 Q1 2026 TOTAL GLA Committed Occupancy 232,000 sq. ft. 18.8m sq. ft1 VECTOM – 99.5% Q1 2025: 167,000 sq. ft. +38.9% 97.6% Major Markets – 97.1% committed occupancy Regional Markets – 96.5% RENEWAL SPREADS1 Q1 2026 12.1% AVERAGE ANNUAL

  12. Slide 12: Q1'26 Financial Highlights

    Q1’26 Financial Highlights OPERATING INCOME ATTRIBUTABLE Property Revenue Growth TO UNITHOLDERS PER UNIT Q1'26 Revenue from Q1 2026 3.6% management and $0.15 Q4'25 0.4% development services: Q1 2025: $0.13 +15.4% Q3'25 4.9% Q2'25 Q1 2026 6.4% FFO1,2 PER UNIT Q1'25 3.5% $3.2M Q1 2026 Q1 2025: $1.1 +1

  13. Slide 13: Well-Positioned Defensive Portfolio with Long–Term Earnings and Cash Flow Stability

    Well-Positioned Defensive Portfolio with Long–Term Earnings and Cash Flow Stability CAPITAL STRUCTURE AS AT MARCH 31, 2026 3 $4.1B3 Fair Value of Unencumbered Assets 42.2% 18.3% $536M3 Available Liquidity 48.9% 45.3% 44.6% 45.2% 45.7% 45.5% 46.3% 3.40X2 Interest Coverage 43.6% 43.0% 43.0% 42.1% 41.8

  14. Slide 14: People & Culture

    People & Culture Empowering Talent, Building Together, & Delivering Impact 2026 RECOGNITION ATLANTIC CANADA’S TOP EMPLOYERS NOVA SCOTIA’S TOP EMPLOYERS CANADA’S TOP SMALL & MEDIUM EMPLOYERS CANADA’S GREENEST EMPLOYERS A workplace where collaboration, innovation, and accountability thrive. COPYRIGHT

  15. Slide 15: The Essential REIT – Building Together

    THE ESSENTIAL REIT Building Together COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2025

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