Slide 1: Conference Call Q1 2024
Conference Call Q1 2024 23 April 2024 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures Q1 2024
Key figures Q1 2024 €23.4m €14.0m €0.17 Rental income1 FFO FFO per share €10.19 3.0% NAV per share EPRA vacancy rate 6.3 years 56.1% WALT REIT equity ratio 42.6% 9.4x LTV Net debt/EBITDA2 1 Affected by P&L reclassifications; includes tenant prepayments for property taxes and insurance (previously re
Slide 3: Rent development
Rent development Development of annualized rents (year-on-year)1 +€1.7m -€0.01m €89.7m 0.0% +€1.6m €86.5m +1.9% +1.8% Annualized rents Acquisitions Indexation Re-lettings/ Annualized rents 31 March 2023 Vacancy change 31 March 2024 Rent development like-for-like (year-on-year)1 Asset class Total por
Slide 4: Funds from operations (FFO)
Funds from operations (FFO) in k€ Q1 2024 Q1 2023 Change Comments 1 Income from rents and leases1 23,445 22,730 +3.1% ▪1 Increase in income from rents and leases Income from passed on costs1 2,804 3,124 -10.2% mainly due to property additions and indexation effects; Operating expenses -5,612 -5,926
Slide 5: Portfolio key metrics as of 31 March 2024
Portfolio key metrics as of 31 March 2024 Asset class Total portfolio Investment approach Retail Office Split Core % Manage-to-Core1 % Number of properties 39 28 67 64 95.5% 3 4.5% Fair Value €836.5m €634.5m €1,471.0m €1,425.8m 96.9% €45.2m 3.1% Leased area 393,250 m² 229,343 m² 622,593 m² 595,987 m
Slide 6: Tenant base
Tenant base Top-10 tenants (as of 31 March 2024) Sector distribution (as of 31 March 2024) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 13.4% Food 33.2% Kaufland Group Food retail 7.2% DIY 11.4% REWE Group Food retail / DIY 7.0% IT / Communication 9.6% OBI DIY 6.7% Finance / Insurance 7.
Slide 7: Leasing situation
Leasing situation Weighted average lease expiry (as of 31 March 2024) Letting result Q1 2024 18,995m² 17,188 m² 26% 21% 7.6 years 79% 74% 6.3 years 1,767 m² 4.6 years 20% 80% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 March 2024; in
Slide 8: Financial situation
Financial situation Expiration Expirationofoffinancial financialliabilities liabilities (as(as of 31 of March 2024) 2021) 31 December 56.1% REIT equity ratio 42.6% LTV 1.8 % 9.4x Net debt/EBITDA1 19.9% 5.7x 16.4% 15.6% EBITDA/Interest coverage 13.3% 12.4% 8.2% 7.3% €697.7m Financial liabilities 3.1%
Slide 9: Outlook
Outlook Dividend €0.48 per share ~72% Dividend proposal Resultant FFO payout ratio Guidance 2024 €91.0m – €92.5m €49.0m – €50.5m Rental income FFO Main influencing factors + Stable and reliable cashflows - Uncertainties on letting markets + Property additions 2023 - Maintenance expenses (incl. cost
Slide 10: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Head of Investor Relations, Financing www.hamborner.de & Corporate Communications info@ir.hamborner.de E-Mail: c.heitmann@hamborner.de +49 (0)203/54
Slide 11: Disclaimer
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that