Crombie Real Estate Investment Trust · TSX:CRR.UN

Crombie Real Estate Investment Trust — Q2 2026 Earnings Presentation

16 slides from Crombie Real Estate Investment Trust's earnings presentation, Aug 6, 2026

  1. Slide 1: The Essential REIT

    The Essential REIT Q2 2026 Conference Call | August 6, 2026

  2. Slide 2: Cautionary Statements

    Cautionary Statements Forward-looking Information Non-GAAP Measures This presentation contains forward-looking statements that reflect the current expectations of Certain terms used in this presentation, such as AFFO, FFO, Commercial same-asset property cash NOI, management of Crombie about Crombie'

  3. Slide 3: 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 2026 3

  4. Slide 4: Solid Operating Fundamentals Driving Results

    Solid Operating Fundamentals Driving Results RENEWALS RENEWAL SPREADS Q2 2026 Q2 2026 121,000 sq. ft. 11.3% Q2 2025: 270,000 sq. ft. -55.2% Q2 2025: 10.8% +0.5% COMMITTED OCCUPANCY AVERAGE ANNUAL MINIMUM RENT Q2 2026 Q2 2026 97.5% $19.34 Q2 2025: 97.2% +0.3% Q2 2025: $18.95 +2.1% PROPERTY REVENUE CO

  5. Slide 5: Grocery-Anchored Retail Portfolio with Strategic Complementary Assets

    Grocery-Anchored Retail Portfolio with Strategic Complementary Assets1 Retail Retail-Related Industrial Mixed-Use Residential $5.0B 15.0M $0.7B 3.0M $0.6B 0.7M F A I R V A L U E 2,3 SQ. FT. F A I R V A L U E 2,3 SQ. FT. F A I R V A L U E 2,3 SQ. FT. SCALE 311 $6.5B 19.5M properties2 fair value2,3 sq

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

    Portfolio Activity – Allocating Capital Toward Necessity-based Retail Y T D AC QU I SI T I O NS • 100% interest in retail-related industrial, Whitby, Nordeagle Avenue, totalling 484,000 sq. ft. for purchase price of $115.4M excluding closing and transaction costs – Whitby, Ontario • 100% interest in

  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 Topsail Road Plaza, NL Spryfield, NS Broadway and Commercial Rendering, BC The Marlstone, NS • Capital investments in existi

  8. Slide 8: The Marlstone

    The Marlstone Grand Opening of the Marlstone was held in June 2026 COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2026 8

  9. Slide 9: Partnering for Responsible Growth

    Partnering for Responsible Growth PROPERTIES– HALIFAX STRATEGIC BENEFITS MONTEZ CORPORATION Halifax, N.S. THE MARLSTONE Substantially Completed • Entitlement-driven value creation BARRINGTON STREET Entitlement • Reduced capital BRUNSWICK PLACE requirements and Entitlement enhanced flexibility • Pres

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

    Delivering Consistent and Steady Cash Flow Growth Q2 2026 Q2 2025 YTD 2026 Property Revenue $126,154 $123,774 $253,284 Operating Income Attributable to Unitholders $29,965 $36,900 $57,767 1,2 FFO per Unit $0.33 $0.34 $0.66 1,2 AFFO per Unit $0.30 $0.30 $0.59 1,2 FFO Payout Ratio 68.2 % 66.0 % 68.3%

  11. Slide 11: Persistent Pursuit of Delivering Operational Excellence

    Persistent Pursuit of Delivering Operational Excellence RENEWALS1 Q2 2026 TOTAL GLA Committed Occupancy1 121,000 sq. ft. 18.8m sq. ft1 VECTOM – 99.5% Q2 2025: 270,000 sq. ft. -55.2% 97.5% Major Markets – 96.8% committed occupancy Regional Markets – 96.3% RENEWAL SPREADS1 Q2 2026 11.3% Q2 2025: 10.8%

  12. Slide 12: Q2’26 Financial Highlights

    Q2’26 Financial Highlights OPERATING INCOME ATTRIBUTABLE Property Revenue Growth TO UNITHOLDERS2 PER UNIT Q2'26 1.9% Revenue from Q2 2026 management and $0.16 Q1'26 3.6% development services: Q2 2025: $0.20 -20.0% Q4'25 0.4% Q3'25 Q2 2026 4.9% FFO1,2 PER UNIT Q2'25 6.4% $3.3M Q2 2026 Q2 2025: $3.3 -

  13. Slide 13: Disciplined Capital Structure Underpins Long-Term Growth

    Disciplined Capital Structure Underpins Long-Term Growth CAPITAL STRUCTURE AS AT June 30, 2026 3 $4.2B3 Fair Value of Unencumbered Assets 41.7% 17.8% $479M3 Available Liquidity 48.9% 45.3% 44.6% 45.2% 45.7% 45.5% 46.3% 46.7% 3.36X2 Interest Coverage 43.6% 43.0% 43.0% 42.6% 6.4% 41.8% 42.1% 34.1% 8.0

  14. Slide 14: 2025 ESG Highlights

    2025 ESG Highlights ENVIRONMENTAL SOCIAL GOVERNANCE Through our Community Impact Strategy, SCIENCE-BASED TARGET PROGRESS anchored by People and Planet: 42% reduction in Scope 1 and 2 GHG1 emissions from 2019 baseline2 $500K+ incontributions total community 4 new Trustees successfully onboarded 39% r

  15. Slide 15: People & Culture

    People & Culture Empowering Talent, Building Together, & Delivering Impact EMPLOYER RECOGNITION ATLANTIC CANADA’S TOP EMPLOYERS 10th consecutive year NOVA SCOTIA’S TOP EMPLOYERS CANADA’S TOP SMALL & MEDIUM EMPLOYERS CANADA’S GREENEST EMPLOYERS CAREER DIRECTORY RECOGNITION A workplace where collabora

  16. Slide 16: The Essential REIT Building Together

    THE ESSENTIAL REIT Building Together COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2026

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