Crombie Real Estate Investment Trust · TSX:CRR.UN

Crombie Real Estate Investment Trust — Q2 2025 Earnings Presentation

15 slides from Crombie Real Estate Investment Trust's earnings presentation, Aug 7, 2025

  1. Slide 1: Building Together – Q2 2025 Conference Call

    THE ESSENTIAL REIT Building Together – Q2 2025 Conference Call August 7, 2025 COPYRIGHT © CROMBIE REIT OR ITS LICENSORS. ALL RIGHTS RESERVED 2025

  2. Slide 2: Cautionary Statements

    Cautionary Statements Forward-looking Information Readers are cautioned that such forward-looking statements are subject to certain risks and uncertainties 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 $4.6B 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 Q2 2025 Q2 2025 97.2% 10.8% Q2 2024: 96.4% +0.8% Q2 2024: 9.6% +1.2% PROPERTY REVENUE SAME-ASSET PROPERTY CASH NOI1 Q2 2025 Q2 2025 $123,774 $81,481 Q2 2024: $116,361 +6.4% Q2 2024: $79,228 +2.8% AFFO1 PER

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

    Portfolio Activity – Allocating Capital Toward Necessity-based Retail 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 - Springdal

  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 • Adding GLA and/or • Advancing key sites through • Large-scale, transformative existing grocery-an

  8. Slide 8: Strategic Alignment with Empire

    Strategic Alignment with Empire EMPIRE REPRESENTS 11.4M 1 60.6% 1 10.4 year 1 90% sq. ft. of occupied of AMR generated weighted average remaining of retail properties portfolio GLA by Empire Empire lease term anchored by Empire CAPITALIZING ON STRATEGIC ALIGNMENT ACQUISITIONS LAND-USE MODERNIZATIONS

  9. Slide 9: Partnering for Responsible Growth

    Partnering for Responsible Growth P R O P E R T I E S – H A L I F A X S T R A T E G I C B E N E F I T S MONTEZ CORPORATION THE MARLSTONE • Stable management Halifax, N.S. and development fee Completion expected H1 2026 income BARRINGTON STREET Entitlement • Accelerated BRUNSWICK PLACE entitlement-dr

  10. Slide 10: Consistent Progress Against Strategy Enables Distribution Growth

    Consistent Progress Against Strategy Enables Distribution Growth Crombie has announced a distribution increase of $0.01 per unit Q2 2025 Q2 2024 Q2 2023 Property Revenue $123,774 $116,361 $107,967 Operating Income attributable to $36,435 $29,347 $19,557 Unitholders FFO per Unit $0.34 $0.32 $0.26 AFF

  11. Slide 11: Q2'25 Financial Highlights

    Q2’25 Financial Highlights OPERATING INCOME ATTRIBUTABLE Property Revenue Growth TO UNITHOLDERS PER UNIT Q2 2025 Q2'25 6.4% $0.20 Q1'25 3.5% 98% Q2 2024: $0.16 +25.0% Q4'24 3.9% of debt is fixed rate Q3'24 4.6% FFO1 PER UNIT Q2'24 3.1% Q2 2025 Same-Asset Property Cash NOI (SANOI)1 Growth 4.6 years $

  12. Slide 12: Persistent Pursuit of Delivering Operational Excellence

    Persistent Pursuit of Delivering Operational Excellence RENEWALS1 Q2 2025 Revenue from management & 270,000 sq. ft. TOTAL GLA 18.2m SF1 Retail 97.2% Retail-related development services: Q2 2024: 293,000 sq. ft. -7.8% 97.2% industrial 100% committed Office 88.4% $3.3M occupancy RENEWAL SPREADS1 In Q2

  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 JUNE 30, 2025 $3.9B Fair Value of Unencumbered Assets 52.1% 43.7% $678M 50.7% 19.1% Available Liquidity 48.9% 2 45.3% 44.6% 45.2% 45.7% 43.6% 45.6% 45.8% 3.45X 43.0% 43.6% Interest Coverage 41

  14. Slide 14: ESG & People – Building with Purpose

    ESG & People – Building with Purpose Environmental Reduction of 33% in operational GHG emissions1 Conducted a pathway to net-zero feasibility study for Scotia Square complex Joined the Building Decarbonization Alliance Social Earned first-time recognition as one of Canada’s Greenest Employers2 Launc

  15. Slide 15: Building Together

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

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