Crombie Real Estate Investment Trust · TSX:CRR.UN

Crombie Real Estate Investment Trust — Q3 2025 Earnings Presentation

14 slides from Crombie Real Estate Investment Trust's earnings presentation, Nov 6, 2025

  1. Slide 1: Building Together – Q3 2025 Conference Call

    THE ESSENTIAL REIT Building Together – Q3 2025 Conference Call November 6, 2025 COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2025

  2. Slide 2: Cautionary Statements

    Cautionary Statements Readers are cautioned that such forward-looking statements are subject to certain risks and uncertainties Forward-looking Information that could cause actual results to differ materially from these statements. Crombie can give no assurance that actual results will be consistent

  3. Slide 3: Grocery-Anchored Retail Portfolio with Strategic Complementary Assets

    Grocery-Anchored Retail Portfolio with Strategic Complementary Assets Three of the Most Desirable Asset Classes in Canadian Real Estate1 Retail Retail-Related Industrial Mixed-Use Residential $4.8B 14.9M $0.6B 2.5M $0.5B 0.6M FAIR VALUE SQ. FT. FAIR VALUE SQ. FT. FAIR VALUE SQ. FT. SCALE 306 $6.1B 1

  4. Slide 4: 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 4

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

    Strong Results Across Key Operating and Financial Metrics COMMITTED OCCUPANCY RENEWAL SPREADS Q3 2025 Q3 2025 97.5% 10.6% Q3 2024: 96.1% +1.4% Q3 2024: 9.7% +0.9% PROPERTY REVENUE SAME-ASSET PROPERTY CASH NOI1 Q3 2025 Q3 2025 $120,084 $83,329 Q3 2024: $114,460 +4.9% Q3 2024: $79,670 +4.6% AFFO PER U

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

    Portfolio Activity – Allocating Capital Toward Necessity-based Retail YTD ACQUISITIONS • 100% interest in 3 retail properties, totalling 134,000 sq. ft. $20.1M – Glace Bay, NS, Barrington Passage, NS, and Campbellton, NB • 100% interest in 1 retail property totalling 12,000 sq. ft. for $1.1M - Sprin

  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: Partnering for Responsible Growth

    Partnering for Responsible Growth PROPERTIES– HALIFAX STRATEGIC BENEFITS MONTEZ CORPORATION • Stable management and Halifax, N.S. THE MARLSTONE Completion expected H1 2026 development fee income BARRINGTON STREET • Accelerated entitlement- Entitlement driven value creation BRUNSWICK PLACE Entitlemen

  9. Slide 9: Strategic Alignment with Empire

    Strategic Alignment with Empire EMPIRE REPRESENTS 1 1 11.5M 60.5% 10.1 year 1 90.2% 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 INTENSIFICAT

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

    Delivering Consistent and Steady Cash Flow Growth Q3 2025 Q3 2024 Q3 2023 Property Revenue $120,084 $114,460 $109,389 Operating Income attributable to $30,817 $26,570 $27,796 Unitholders 1 FFO per Unit $0.33 $0.31 $0.31 1 AFFO per Unit $0.30 $0.27 $0.28 1 FFO Payout Ratio 67.3 % 72.5 % 70.9% 1 AFFO

  11. Slide 11: Q3'25 Financial Highlights

    Q3’25 Financial Highlights OPERATING INCOME ATTRIBUTABLE Property Revenue Growth TO UNITHOLDERS PER UNIT Q3 2025 Q3'25 4.9% $0.17 Q2'25 6.4% 98%2 Q3 2024: $0.15 +14.2% Q1'25 3.5% of debt is fixed rate Q4'24 3.9% FFO1 PER UNIT Q3'24 4.6% Q3 2025 Same-Asset Property Cash NOI (SANOI)1 Growth 4.2 years2

  12. Slide 12: Persistent Pursuit of Delivering Operational Excellence

    Persistent Pursuit of Delivering Operational Excellence RENEWALS1 Revenue from Q3 2025 management & 92,000 sq. ft. TOTAL GLA 18.2m SF1 Retail - 97.5% development services: Retail-related industrial – 100.0% Q3 2024: 359,000 sq. ft. -74.4% 97.5% committed Office - 90.1% $4.4M occupancy RENEWAL SPREAD

  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 SEPTEMBER 30, 2025 $3.9B Fair Value of Unencumbered Assets 43.7% 19.0% $676M 52.1% Available Liquidity 50.7% 48.9% 2 45.3% 45.2% 45.7% 45.6% 45.8% 45.6% 3.46X 44.6% Interest Coverage 43.6% 43.

  14. Slide 14: Building Together

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

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