Slide 1: Company Presentation
Company Presentation September 2026 Retail property in Lengerich
Slide 2: HAMBORNER at a glance
HAMBORNER at a glance Portfolio Overview Asset / Property Management Financials Sustainability / ESG Appendix Office property in Ratingen
Slide 3: HAMBORNER at a glance
HAMBORNER at a glance Company headquarter in Duisburg
Slide 4: HAMBORNER at a glance | Key Data as of June 2026
HAMBORNER at a glance | Key Data as of 30 June 2026 Geographical Portfolio Structure Shareholder Structure Key Investment Highlights ▪ High-yield and diversified real estate portfolio 87.8% 81,343,348 12.2% ▪ Stable cash flow with long-term predictability shares ▪ Strong focus on ESG and future issu
Slide 5: Portfolio Overview
Portfolio Overview Office property ‚Nu-Office‘ in Munich
Slide 6: Portfolio development
Portfolio development Portfolio value & average property value 2.000 50 1,589 1,625 1,604 1,609 1,517 1,471 40 1.500 1,441 1,363 1,349 1,316 1,115 30 1.000 23.6 24.4 22.0 21.8 20 20.3 21.0 20.9 18.4 19.5 19.4 500 16.2 10 0 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 Portfolio value i
Slide 7: Geographical portfolio structure
Geographical portfolio structure Federal state Share of portfolio volume1 North Rhine-Westphalia 29.9% Baden-Württemberg 18.8% Bavaria 18.0% Hesse 12.0% Berlin 10.0% Lower Saxony 4.2% Bremen 1.8% Saxony 1.8% Schleswig-Holstein 1.6% Rhineland-Palatinate 1.2% Hamburg 0.8% Retail Office Retail Office 1
Slide 8: Portfolio key metrics as of June 2026
Portfolio key metrics as of 30 June 2026 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 37 58.7% 26 41.3% 63 57 90.5% 6 9.5% Fair value €740.6m 56.3% €575.4m 43.7% €1,315.9m €1,244.4m 94.6% €71.5m 5.4% Leased area 370,082 m² 62.2
Slide 9: Rent development
Rent development Development of annualized rents (year-on-year)1 +€2.3m -€1.0m -€1.2m €88.6m €88.7m +2.6% -1.1% -1.4% Annualized rents Indexation Re-lettings / Property disposals Annualized rents 30 June 2025 Vacancy change 30 June 2026 Rent development like-for-like (year-on-year)1 Asset class Tota
Slide 10: Strategy Update (1/3)
Strategy Update (1/3) 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 11: Strategy Update (2/3)
Strategy Update (2/3) Adjustment of Portfolio Structure Updated acquisition profile (excerpt) ▪ Expansion of search profile on Core+ properties − stable and long-standing retail occupancy − dominant positioning in the catchment area 56% − good visibility and transport links ▪ Geographical addition o
Slide 12: Strategy Update (3/3) | Expanded Acquisition Profile
Strategy Update (3/3) | Expanded Acquisition Profile Aquisition profile Locations, volume and risk classes FMCG properties Location qualities ▪ Fast-moving consumer goods are retail properties whose main tenants sell everyday ▪ Retail properties in retail park agglomerations, central city centre loc
Slide 13: Strategic sales activities
Strategic sales activities Neu-Isenburg Asset class Office Year of acquisition 2020 Leased area 4,542 m2 Annualized rent €1.1m Recent fair value €14.2m €13.5m Selling price (+ potential earn-out of up to €0.2m) Transfer of posession Q3 2026e > Successful completion of first disposal process as part
Slide 14: Asset-/Property Management
Asset-/Property Management Retail property ‚Rondo Steinheim‘ in Hanau
Slide 15: 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 7.5% IT / Communication 11.4% REWE Food retail 7.1% DIY 10.7% OBI DIY 7.0% Finance / Insurance 7.3% GLOBUS Food retail / DIY 4.6% Agency of Unemployment Author
Slide 16: Leasing situation
Leasing situation Weighted average lease expiry1 Letting result 6M 2026 23,656 m² 20,774 m² 66% 62% 6.2 years 5.0 years 3.6 years 2,882 m² 38% 34% 93% 7% Retail Office Total New lettings Contract extensions Total Retail Office 20,0% Lease expiry schedule2 15,0% 4.1% 5.2% 10,0% 8.6% 1.1% 9.6% 6.8% 4.
Slide 17: Financials
Financials Office property / specialist medical centre in Regensburg
Slide 18: Key figures H1 2026
Key figures H1 2026 Key figures H1 2026 H1 2025 Change ▪1 Decline mainly due to asset disposals in 2025/2026 From the income statement ▪2 Reduction primarily driven by higher 1 Income from rents and leases €45.1m €45.7m -1.3% impairment losses resulting from property Operating result -€6.6m €10.5m n
Slide 19: Funds from Operations (FFO)
Funds from Operations (FFO) In k€ H1 2026 H1 2025 Change ▪1 Decline mainly due to asset disposals in 2025/2026 1 Income from rents and leases 45,061 45,651 -1.3% ▪2 Increase in income resulting from higher (pre)payments of ancillary costs, including those related to the 2 Income from passed on costs
Slide 20: EPRA NAV & NTA 2026
EPRA NAV & NTA 2026 +€23.8m -€20.7m -€31.7m €738.1m €709.3m €0.0m €709.3m NAV FFO Like-for-like Dividend NAV Intangible NTA 31 Dec 2025 Portfolio 30 June 2026 Assets 30 June 2026 Revaluation NAV/share NAV/share NTA/share -3.9% €9.07 €8.72 €8.72 > NAV development influenced by dividend distribution a
Slide 21: Financial situation
Financial situation Expiration of financial liabilities1 53.9% REIT equity ratio 25,0% 2026 45.2% 20,0% LTV 15,0% 9.8x Net debt / EBITDA2 20.5% 21.6% 10,0% 4.4x EBITDA / Interest coverage 11.9% 13.0% 11.5% 5,0% 8.2% 7.5% 5.7% €627.6m Financial liabilities 0,0% Q3 Q4 2027 2028 2029 2030 2031 2032 202
Slide 22: Full-year forecast 2026
Full-year forecast 2026 Main influencing factors €87.5m - €89.5m (previous year: €90.3m) ▪ Recent property disposals Rental Income ▪ Increased cost structure − maintenance (particularly tenant improvements) − interest expenses − current operating expenses €38.0m - €42.0m − personnel expenses (previo
Slide 23: Adjusted dividend strategy
Adjusted dividend strategy Dividend history Selected criteria for determining dividend amount Ø Payout ratio ~74% ▪ Business figures for the respective financial year ▪ Overall development of operational and financial figures ▪ FFO remains key influencing factor 96% 80% 69% 69% 68% 72% 75% 72% 76% 6
Slide 24: Sustainability / ESG
Sustainability / ESG Office property in Neu-Isenburg
Slide 25: ESG strategy
ESG strategy Strategy development and guidelines Key action areas ▪ Integration of sustainability / ESG criteria into overall strategy ▪ Implementation of strategic sustainability programme ▪ Planning and controlling of sustainability activities by internal sustainability committee Corporate Environ
Slide 26: ESG organization
ESG organization Supervisory Board Internal Sustainability Management ▪ Sustainability Committee consisting of Management Board Management Board members and the Supervisory Board ESG Officers from individual business Management Property ESG Committee areas ▪ Advising and monitoring Board Management
Slide 27: GHG-balance
GHG-balance1 Unaudited GHG-balance for base year 2021 Unaudited share of emission sources in the GHG-balance in tCO2e 42,130 0.5% 28,747 11.0% 7,109 4,415 4,242 16.7% 2,867 4,484 1,820 71.8% 69 38 10 0 131 8 69 0 199 Direct Energy Services, Energy Mobility Tenant Total energy use supply Material Gen
Slide 28: Areas of action and cost indication
Areas of action and cost indication Cost indication for property and building maintenance Areas of action to reduce emissions Maintenance expenses1 €0.3 – 0.7m €1.5 – 2.5m €1.5 – 2.5m Modernisation of technical building systems €0.9 – 1.3m €0.6m €1.1m Expansion of onsite renewable energy production
Slide 29: Development of portfolio-wide emissions
Development of portfolio-wide emissions (unaudited)1 ▪ 2030 emissions target: 50% reduction in energy-related Base year emissions across the property portfolio 56.4 ▪ Progress towards decarbonization in line 60 2025 with schedule for the period 2022 to 2025 42.92 ▪ Emission intensities below the tar
Slide 30: Appendix
Appendix Retail property in Lengerich
Slide 31: Top-10 Properties (1/2)
Top-10 Properties (1/2) Mannheim Cologne Berlin Munich Karlsruhe Asset type Retail Office Office Office Retail Year of acquisition 2016 2017 2013 2013 2012 Purchase price €80.0m €49.0m €33.0m €40.2m €37.0m Fair Value1 €69.7m €57.6m €56.8m €53.9m €48.4m Annual rents €4.1m €4.0m €2.8m €3.0m €3.0m WALT
Slide 32: Top-10 Properties (2/2)
Top-10 Properties (2/2) Hanau Celle Aachen Erlangen Darmstadt Asset type Retail Retail Office Office Retail Year of acquisition 2017 2015 2020 2011 2018 Purchase price €37.5m €35.2m €37.4m €27.9m €31.0m Fair Value1 €40.3m €34.5m €33.4m €32.8m €32.6m Annual rents €2.3m €2.1m €2.4m €2.2m €2.0m WALT1 7
Slide 33: Real Estate Investment Trust (REIT) Main requirements for G-REITs
Real Estate Investment Trust (REIT) Main requirements for G-REITs stock exchange > 15% < 10% > 45% > 75% > 75% > 90% listing Free float directly held Equity ratio of assets of earnings payout of profit shares per invested from (German GAAP) shareholder in properties property management Exemption fro
Slide 34: Portfolio valuation as of December 2025
Portfolio valuation as of 31 December 2025 Portfolio development full-year 2025 ▪ Value development influenced by disposal of two properties (-€27.3m1) as well as decline in like-for-like portfolio value €763.7m €584.8m 56.6% 43.4% of -4.6% (-€65.1m) year-on-year ▪ Marginal decline in total value du
Slide 35: Further information for investors
Further information for investors The HAMBORNER share Trading volume Current share price €4.48 (as of 30 June 2026) 258 Market capitalisation €364.4m (as of 30 June 2026) 176 186 WKN/ISIN A3H233 / DE000A3H2333 166 130 139 121 122 114 Ticker symbol HABA 97 Class of shares Registered Share Exchange se
Slide 36: Contact
Contact Niclas Karoff Christoph Heitmann CEO Head of Capital Markets, Financing & Sustainability E-Mail E-Mail n.karoff@hamborner.de c.heitmann@hamborner.de Disclaimer This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. Th