European Residential Real Estate Invt Tr
European Residential Real Estate Invt Tr — European Residential Real Estate Investment Trust — Q2 2025 Earnings Presentation
12 slides from European Residential Real Estate Invt Tr's earnings presentation, Aug 7, 2025
Slide 1: Q2'25 Conference Call
Q2’25 Conference Call Canada’s only European-focused multi-residential REIT August 7, 2025 1 Third Secondquarter Quarter conference 2025 Conference call Call
Slide 2: Disclaimer
Overview Disclaimer This presentation and our answers to questions in today’s session may contain forward-looking The REIT prepares and releases unaudited condensed consolidated interim financial statements and information within the meaning of applicable securities laws. Forward-looking information
Slide 3: Presenters
Overview Presenters Mark Kenney Jenny Chou Chief Executive Officer & Trustee Chief Financial Officer CAPREIT since 1998 CAPREIT since 2019 • President, CEO and Trustee at CAPREIT • Vice President, Finance at CAPREIT • Director on Board of REALPAC • Chartered Professional Accountant (CPA, CA) • Forme
Slide 4: Year to Date Highlights
Overview Year to Date Highlights Objectives Maximize returns for €115M €366M 6.8% Unitholders through in total gross proceeds in additional committed increase in occupied AMR to ongoing optimization generated from strategic dispositions expected to €1,303 as of period end on of the property disposit
Slide 5: Operational Performance
Overview Operational Total Residential Portfolio Performance ERES has consistently achieved strong growth €1,350 91.0% in average monthly rents (“AMR”), even within €1,300 the continuously changing regulatory €1,250 framework. €1,200 €1,150 ERES has intentionally maintained elevated €1,100 vacancies
Slide 6: Financial Performance
Financial Performance Jenny Chou Chief Financial Officer 6 Second Third quarter Quarter conference 2025 Conference call Call
Slide 7: Second Quarter Financial Results
Financial Results Second Quarter -3.9% -7.6% 73.6% Same Property Operating Revenues Same Property Net Operating Income Same Property NOI Margin €0.020 77.1% €0.015 FFO per Unit (diluted) AFFO Payout Ratio Distributions per Unit 7 Second Quarter 2025 Conference Call
Slide 8: Financial Position & Liquidity
Financial Results Financial Position Leverage & Liquidity & Liquidity 60% 57% 58% 58% 57% 53% 40% 36% 36% €133 ERES actively manages leverage and €121 coverage ratios to ensure compliance €89 with all covenants. €55 €28 €29 €37 €23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Net proceeds from ER
Slide 9: Mortgage Renewal Profile
Financial Results Mortgage Mortgage Renewal Profile Weighted Average Mortgage Term of 2.4 years Renewal Profile Substantially all of ERES’s mortgages are 3.29% financed with terms and arrangements 300 2.46% that result in fixed interest payments, Mortgage Renewal (€) 1.89% mitigating interest expens
Slide 10: Closing Remarks
Closing Remarks Mark Kenney Chief Executive Officer 10 Second Third quarter Quarter conference 2025 Conference call Call
Slide 11: Sale Process Remaining Portfolio
Closing Remarks Sale Process Remaining Portfolio Randstad Region, The Netherlands ERES is continuing to work with its financial East Region, The Netherlands and real estate advisors on a sale process • Havendijk, Schiedam South Region, The Netherlands for all or a portion of the REIT’s remaining • D
Slide 12: Contact Us
Contact Us European Residential REIT 11 Church Street, Suite 401 Toronto, Ontario M5E 1W1 Canada m.kenney@capreit.net j.chou@capreit.net www.eresreit.com 12 Third Secondquarter Quarter conference 2025 Conference call Call
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