Slide 1: Conference Call H1 2025
Conference Call H1 2025 5 August 2025 Office property ‚EUREF-Campus‘ Berlin
Slide 2: Key figures H1 2025
Key figures H1 2025 Key Figures H1 2025 H1 2024 Change From the income statement Income from rents and leases €45.7m €46.7m -2.1% Operating result €10.5m €13.7m -23.5% Period result €6.5m €7.6m -13.9% Key earnings figures Funds from Operations (FFO) €24.9m €28.3m -12.1% Funds from Operations (FFO) p
Slide 3: Rent development
Rent development Development of annualized rents (year-on-year) +€2.1m -€0.8m -€3.2m €90.5m €88.6m -0.9% +2.4% -3.5% Annualized rents Indexation Re-lettings/ Property Annualized rents 30 June 2024 Vacancy change disposals 30 June 2025 Rent development like-for-like (year-on-year)1 Asset class Total
Slide 4: Funds from Operations (FFO)
Funds from Operations (FFO) in k€ H1 2025 H1 2024 Change Comments 1 Income from rents and leases 45,651 46,650 -2.1% ▪1 Decline mainly due to strategic asset disposals Income from passed on costs 5,538 6,449 -14.1% ▪2 Expenses relate to ongoing maintenance and various implemented or recently initiat
Slide 5: 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 6: Portfolio key metrics as of 30 June 2025
Portfolio key metrics as of 30 June 2025 Asset class Total portfolio Investment approach Retail % Office % Split Core % Manage-to-Core1 % Number of properties 38 59.4% 26 40.6% 64 59 92.2% 5 7.8% Fair Value €801.3m 57.0% €605.0m 43.0% €1,406.3m €1,326.3m 94.3% €80.1m 5.7% Leased area 379,111 m² 62.8
Slide 7: Tenant base
Tenant base Top-10 tenants (as of 30 June 2025) Sector distribution (as of 30 June 2025) Tenant Sector Rent1 Sector Rent1 EDEKA Group Food retail 14.0% Food 34.5% Kaufland Group Food retail 7.5% DIY 11.6% REWE Group Food retail / DIY 7.0% IT / Communication 10.8% OBI DIY 6.8% Finance / Insurance 7.1
Slide 8: Leasing situation
Leasing situation Weighted average lease expiry (as of 30 June 2025) Letting result H1 2025 11,836 m² 12,399m² 95% 94% 6.9 years 5.7 years 73% 4.1 years 563 m² 27% 5% 6% New lettings Contract extensions Total Retail Office Total Retail Office 30,0% Lease expiry schedule (as of 30 June 2025; in % of
Slide 9: Financial situation
Financial situation Expiration Expirationofoffinancial financialliabilities liabilities (as(as of 30 of June 2025) 31 December 2021) 55.0% REIT equity ratio 18,0% 2025 16,0% 44.3% LTV 14,0% 12,0% 10.0x Net debt/EBITDA1 10,0% 16,5% 8,0% 16.0% 5.3x 14.0% 13.2% EBITDA/Interest coverage 6,0% 12.6% 12.1%
Slide 10: Outlook
Outlook Full-year guidance update 2025 Main influencing factors €89.5m – €90.5m ▪ Recent property disposals (previously €87.5m – €89.0m) ▪ Timing and volume of potential property acquisitions Rental income ▪ Expected increase in expenses for maintenance, as well as personnel and administration costs
Slide 11: Contact
Contact Niclas Karoff Sarah Verheyen CEO/CFO COO/CIO E-Mail: n.karoff@hamborner.de E-Mail: s.verheyen@hamborner.de Christoph Heitmann HAMBORNER REIT AG Datei:LinkedIn logo initials.png Head of Investor Relations, Financing www.hamborner.de & Corporate Communications info@ir.hamborner.de E-Mail: c.he
Slide 12: Disclaimer
This presentation has been prepared and/or issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This presentation may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that