Slide 1: Conference Call Preliminary Figures 2024
Conference Call Preliminary Figures 2024 25 February 2025 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Preliminary key figures 2024
Preliminary key figures 2024 Preliminary Key Figures 31 Dec 2024 31 Dec 2023 Change Comments From the income statement ▪1 Change mainly due to rent increases as part of Income from rents and leases €93.0m €91.1m +2.0% indexation and property additions in 2023 1 ▪2 Increase in operating and period re
Slide 3: Portfolio development as of 31 December 2024
Portfolio development as of 31 December 2024 Portfolio development 2024 Comments €823.7m €617.2m 57.2% 42.8% ▪ Value development influenced by a property sale (-€5.8m1) and -1.9% decrease of like-for-like portfolio Transactions Retail Portfolio (LfL) Office Portfolio (LfL) value (-€28.2m) Portfolio
Slide 4: Recent disposals
Recent disposals 2024 2025 Hamburg Lübeck Osnabrück Asset class Office Retail (High-Street) Office Year of acquisition 2001 2016 2008 Leased area ~1,300 m2 ~13,500 m2 ~3.800 m2 Annualized rent ~€0.3m ~€2.3m ~€0.6m Recent fair value ~€5.8m ~€21.0m ~€6.5m Selling price ~€8.0m ~€20.9m ~€6.5m Transfer o
Slide 5: Rent development
Rent development Development of annualized rents (year-on-year)1 +€1.7m -€0.5m €89.9m -€0.3m €90.8m -0.6% -0.3% +1.9% Annualized rents Indexation Re-lettings/ Sales Annualized rents 31 Dec 2023 Vacancy change 31 Dec 2024 Rent development like-for-like (year-on-year)1 Asset class Total portfolio Inve
Slide 6: Preliminary FFO calculation
Preliminary FFO calculation in k€ 2024 2023 Change Comments 1 Income from rents and leases 92,987 91,121 +2.1% ▪1 Increase mainly due to property additions and Income from passed on costs 12,697 13,440 -5.5% indexation effects ▪2 Higher expenses relate to ongoing maintenance Operating expenses -20,6
Slide 7: Decarbonisation strategy | Areas of action and cost indication
Decarbonisation strategy | Areas of action and cost indication Cost indication for property and building maintenance Areas of action to reduce emissions Maintenance expenses1 Ø €2.0m – €4.0m p.a. €0.4m – 0.8m Modernisation of technical building systems €0.5m €1.2m – 1.6m €0.6m Expansion of onsite re
Slide 8: Portfolio key metrics as of 31 December 2024
Portfolio key metrics as of 31 December 2024 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 39 27 66 62 93.9% 4 6.1% Fair Value €823.7m 57.2% €617.2m 42.8% €1,441.0m €1,388.4m 96.4% €52.6m 3.7% Leased area 393,246 m² 63.3% 228,30
Slide 9: Leasing situation
Leasing situation Weighted average lease expiry (as of 31 December 2024) Letting result 2024 49,372 m² 33,166 m² 50% 29% 7.0 years 16,206 m² 5.8 years 71% 50% 4.3 years 91% 9% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 31 December 2024
Slide 10: Tenant base
Tenant base Top-10 tenants (as of 31 December 2024) Sector distribution (as of 31 December 2024) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 13.6% Food 33.8% Kaufland Food retail 7.1% DIY 11.4% REWE Group Food retail / DIY 7.1% IT / Communication 10.3% OBI DIY 6.6% Finance / Insurance 6
Slide 11: Financial situation
Financial situation Expiration of financial liabilites (as of 31 December 2024) 55.2% REIT equity ratio 2025 43.7% LTV 9.8x Net debt / EBITDA1 19.4% 5.4x 15.1% EBITDA / Interest coverage 13.2% 12.4% 11.8% 11.4% 7.3% €681.2m Financial liabilites 2.5% 3.1% 1.8% 1.9% Q1 Q2 Q3 Q4 2026 2027 2028 2029 203
Slide 12: Outlook
Outlook Dividend Guidance 2025 Main influencing factors €0.48 €87.5m - €89.0m ▪ Recent & outstanding property disposals (previous year: €0.48) (previous year: €93.0m) ▪ Timing and volume of potential property Intended dividend proposal Rental income acquisitions ▪ Expected increase in expenses for m
Slide 13: Many thanks for Your attention!
HAMBORNER REIT AG Public commercial property company (G-REIT) Profitable and diversified German-wide property portfolio Two-pillar portfolio structure with focus on food-anchored retail and office properties Many thanks for Your Stable and predictable cash flows attention! Strong focus on ESG and fu