Marwest Apartment Reit · TSXV:MAR.UN
Marwest Apartment Reit — Marwest Apartment Real Estate Investment Trust — Investor Presentation (June 2026)
14 slides from Marwest Apartment Reit's investor presentation, Jun 16, 2026
Slide 1: Investor Presentation June 2026
Investor Presentation JUNE 2026
Slide 2: Disclaimer
Disclaimer This presentation, which was prepared by Marwest Apartment Real Estate Investment Trust (the “REIT”, “Marwest”, ”us”, “we” or “our”), does not constitute an offer to sell, or a solicitation of any offer to purchase, securities of the REIT. Unless otherwise stated, the information containe
Slide 3: Disclaimer (cont’d)
Disclaimer (cont’d) Forward Looking Information and Assumptions This investor presentation, including certain documents incorporated by reference herein, contains forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking information can be i
Slide 4: Who We Are
Who We Are 516 Rental Units $85K Positive Cash Flow NAV $48.6M 464K Rentable SF Distribution of $0.0163 5.00% Cap Rate 97.6% Average Occupancy in 100% of Distributions are $4.3M Cash on Hand 2025 Return of Capital $1,741 Average Monthly Rent 2.14% Distribution Per Unit 66.64% Debt-to-Gross Book in 2
Slide 5: Remaining Diligent in Managing Debt Profile
Remaining Diligent in Managing Debt Profile Mortgage Principal Repayment Schedule Weighted Average Interest Rate (C$Millions) 3.09% 3.09% • Total interest-bearing debt 35.96 includes mortgages payable of $101M • $30.8M of CMHC debt and 3.01% $3.5 of conventional debt matures in 2027 $60M of debt is
Slide 6: Financial Growth & Investor Alignment
Financial Growth & Investor Alignment Insider alignment and steady growth generate improving investor returns Revenue NOI (C$Millions) (C$Millions) 2.71 1.75 1.75 1.72 2.66 2.63 2.64 1.66 2.61 1.62 1.62 2.58 1.6 2.57 2.54 1.55 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2024 2025 2024 2025 Inves
Slide 7: Portfolio Trends
Portfolio Trends Multi-Family Growth NAV per Unit The fundamentals driving the sector’s strong performance: Growth in NAV/Unit1 driven by net operating income growth robust population growth, a limited supply pipeline, and rising and the value of investment properties home ownership costs – are st
Slide 8: Occupancy Rates
Occupancy Rates Management expects occupancy rates to remain stable for the next 12 months Average Rent & Occupancy YTD December 31, 2025 Portfolio Quarterly Occupancy Trend Occupancy Rate % 99.11% 99.83% 100% 99.19% 99.30% 99.01% 95% 98.14% Prairie View Element Brio Kenwood Court Pointe Townhomes B
Slide 9: Current Portfolio – At December 31, 2025
Current Portfolio – At December 31, 2025 All Marwest Apartment REIT multi-family properties are located in Winnipeg, Manitoba Prairie View Pointe 153 apartments Element Townhomes 112 townhomes Located near the north side of Located in West Transcona, a the perimeter highway with family friendly neig
Slide 10: Outlook
Outlook Multi-family REIT portfolio (Winnipeg) The multi-family rental market is seeing temporary softening • Cap rates are higher than in other major cities in vacancy and slower rent growth due to cyclical pressures − reduced immigration • Lower operating costs than other major cities − increase
Slide 11: Why Invest in Marwest Today
Why Invest in Marwest Today The REIT’s units were trading at a 67% discount to NAV at December 31, 2025 2025 combined cash distribution and principal repayment resulted in a return of 14.47% based on December 31, 2025 market value Investment Strategies Leasing Continue to increase units to market Gr
Slide 12: Management and Trustees
Management and Trustees MANAGEMENT TEAM BOARD OF TRUSTEES William Martens, Chief Executive Officer & Trustee Luke Cain, Chairman Director and executive officer of various companies Principal at Canada ICI Capital Corporation under the Marwest Group of Companies umbrella Extensive experience in
Slide 13: Appendix II – Non-IFRS Measures
Appendix II – Non-IFRS Measures Non-IFRS Measures The Trust may use certain non-IFRS measures commonly used by entities in the real estate industry as useful metrics for measuring performance. The non-IFRS measures used by the Trust as described below are not standardized measures under IFRS. Such n
Slide 14: Appendix II – Non-IFRS Measures
Appendix II – Non-IFRS Measures Non-IFRS Measures - continued The following other non-IFRS measures are defined as follows: * “FFO per unit” is calculated as FFO divided by the weighted average number of Trust Units and Exchangeable Units of the Partnership outstanding over the period. * “AFFO per u
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