Slide 1: Conference Call Preliminary Figures 2025
Conference Call Preliminary Figures 2025 26 February 2026 Retail property in Lengerich
Slide 2: Key preliminary figures 2025
Key preliminary figures 2025 Key figures 2025 2024 Change From the income statement Income from rents and leases €90.3m €93.0m -2.9% Operating result €23.2m €24.7m -6.3% Period result €12.5m €16.3m -23.2% Key earnings figures Funds from Operations (FFO) €48.6m €51.6m -5.7% Funds from Operations (FFO
Slide 3: Preliminary determination of Funds from Operations (FFO)
Preliminary determination of Funds from Operations (FFO) In k€ 2025 2024 Change ▪1 Decline mainly due to asset disposals in 2025 1 Income from rents and leases 90,321 92,987 -2.9% ▪2 Decrease results from property disposals as well as restructuring of external facility management 2 Income from passe
Slide 4: Portfolio valuation as of 31 December 2025
Portfolio valuation as of 31 December 2025 Portfolio development full-year 2025 ▪ Value development influenced by disposal of two properties €763.7m €584.8m (-€27.3m1) as well as decline in like-for-like portfolio value 56.6% 43.4% of -4.6% (-€65.1m) year on year Transactions Retail portfolio (LfL)
Slide 5: Preliminary portfolio key metrics as of 31 December 2025
Preliminary portfolio key metrics as of 31 December 2025 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 38 59.4% 26 40.6% 64 58 90.6% 6 9.4% Fair value €763.7m 56.6% €584.8m 43.4% €1,348.5m €1,260.6m 93.5% €88.0m 6.5% Leased area
Slide 6: Rent development
Rent development Development of annualized rents (year-on-year)1 +€2.0m -€1.6m -€2.8m €90.8m -1.7% €88.4m +2.2% -3.1% Annualized rents Indexation Re-lettings / Property disposals Annualized rents 31 December 2024 Vacancy change 31 December 2025 Rent development like-for-like (year-on-year)1 Asset cl
Slide 7: Tenant structure
Tenant structure Top-10 tenants1 Sector distribution1 Tenant Sector Rent Sector Rent EDEKA Food retail 14.0% Food 34.3% Kaufland Food retail 7.6% DIY 11.3% REWE Food retail / DIY 7.0% IT / Communication 11.1% OBI DIY 6.8% Finance / Insurance 7.3% Globus Food retail / DIY 4.4% Agentur für Arbeit Auth
Slide 8: Leasing situation
Leasing situation Weighted average lease expiry1 Letting result 2025 39,025 m² 34,589 m² 77% 79% 6.6 years 5.3 years 3.8 years 59% 4,436 m² 41% 21% 23% Retail Office Total New lettings Contract extension Total Retail Office 30,0% Lease expiry schedule2 25,0% 4.9% 20,0% 15,0% 5.1% 23.3% 10,0% 8.3% 8.
Slide 9: Sales activities
Sales activities 2025 2026 Lübeck Osnabrück Ditzingen Asset class Retail (High-Street) Office Retail Year of acquisition 2016 2008 2016 Leased area ~13,500 m2 ~3,800 m2 ~10,036 m2 Annualized rent ~€2.3m ~€0.6m ~€0.9m Recent fair value ~€21.0m ~€6.5m ~€10.8m Selling price ~€20.9m ~€6.5m ~€11.9m Trans
Slide 10: Financial situation
Financial situation Expiration of financial liabilities1 54.7% REIT-equity ratio 25,0% 2026 44.3% 20,0% LTV 15,0% 9.8x Net debt / EBITDA2 20.4% 21.5% 10,0% 5.0x EBITDA / Interest coverage 11.8% 12.9% 11.4% 5,0% 8.3% 5.7% 6.1% €639.9m 0.9% 1.0% Financial liabilities 0,0% Q1 Q2 Q3 Q4 2027 2028 2029 20
Slide 11: Dividend and full-year forecast for 2026
Dividend and full-year forecast for 2026 Main influencing factors €0.39 €87.5m - €89.5m ▪ Recent property disposals (previous year: €0.48) Income from rents and leases ▪ Increased cost structure Dividend proposal − maintenance (tenant improvements) − current operating expenses − interest expenses ~6
Slide 12: Strategy Update (1/2)
Strategy Update (1/2) Strategic framework Key elements ▪ Local supply with fast moving consumer goods (FMCG) – ▪ Strategic focus on retail properties in the local supply sector especially concerning food - overall characterized by stable and DIY stores structural demand, high cash-flow visibility an
Slide 13: Strategy Update (2/2)
Strategy Update (2/2) Adjustment of Portfolio Structure Updated acquisition profile (excerpt) ▪ Expansion of search profile on Core+ properties − stable and long-standing retail occupancy 10-20% − dominant positioning in the catchment area 43% − good visibility and transport links ▪ Geographical add
Slide 14: Contact
Contact Niclas Karoff Sarah Verheyen Christoph Heitmann CEO COO/CIO Head of Capital Markets, Financing & Sustainability E-Mail E-Mail E-Mail n.karoff@hamborner.de s.verheyen@hamborner.de c.heitmann@hamborner.de Disclaimer This presentation has been prepared and/or issued by HAMBORNER REIT AG (herein