Slides
Page 1
Charter Hall Retail REIT 2026 Full Year Results ASX : CQR coles Charter Hall A AMPOL BUNNINGS warehouse AMPOL AMPCHARGE AMPLIFY AMPCHARGE
Page 2
Charter Hall Social Retail REIT 2026 Full Year Results 2 1. Highlights and Strategy 2. Financial Performance 3. Operational Performance 4. Outlook and Guidance 5. Annexures Agenda Front cover: from left Arana Hills Plaza, Arana Hills, QLD Bunnings Ampol, Dee Why, NSW Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country. Charter Hall managed asset NAIDOC Week at 130 Lonsdale Street, Melbourne VIC Charter Hall Retail REIT 2026 Full Year Results 2
Page 3
Charter Hall Retail REIT 2026 Full Year Results 1 Highlights and Strategy Salamander Bay Square Salamander Bay, NSW 3
Page 4
Charter Hall Retail REIT 2026 Full Year Results FY26 highlights Highlights and Strategy Property performance Financials Capital management Property Investment value $5.2bn1 High quality convenience retail portfolio NTA per unit $5.03 +8.4% on June 25 Balance sheet gearing 2 30.9% Portfolio occupancy 99.1% +0.2% on June 25 12 month levered portfolio return 15.8% Debt margin reduction -40bps to 125bps Following debt refinance Same property NPI growth 3.0% Shopping centre +3.0%, net lease +3.0% Operating earnings 26.4cpu +4.0% on FY25 (in line with upgraded guidance) Weighted average cost of debt (WACD) 5.0% 4 Operating Earnings FY26 delivered 26.4cpu FY27 guidance 27.3cpu No less than 3.5% growth Garden State Hotel, VIC Ampol, Marsden Park, NSW Arana Hills, QLD ↑ 1. Proforma adjusted for divestment of 3 metro assets ($210m) and acquisition of Yeppoon Central, QLD ($65m) that occurred in Ju ly 26 2. Proforma adjusted for transactions above plus post balance date refinance & increase of BP Australia debt facility
Page 5
Charter Hall Retail REIT 2026 Full Year Results Convenience Retail CQR Convenience Retail Strategy To deliver the highest property income and earnings growth from the convenience retail sector Highlights and Strategy 5 Continued Portfolio Curation Enhanced by: Active Asset Management Prudent Capital Management Non-discretionary retail which is resilient through economic cycles Income growth driven by diverse rent review structures Capex and outgoings efficient net leases Strategic locations with high visibility, convenient access and low site coverage High quality tenant covenants with long term tenure Australia’s largest Convenience Retail platform
Page 6
Charter Hall Retail REIT 2026 Full Year Results Charter Hall has Australia’s largest convenience retail platform Fully integrated property model with a nationwide presence for end-to-end service offering Highlights and Strategy 17 QLD SA NT TAS 122 NSW & ACT 18 VIC 12 WA 1. Includes Bunnings 2. 5 year average as ranked by Charter Hall retail tenants – Annual CentreSAT survey through Monash Business School’s ACRS Research unit 169 Retail specialists across functions & states $18bn Assets under management1 >900 Convenience retail properties #1 Preferred landlord amongst peers for five years2 6
Page 7
Charter Hall Retail REIT 2026 Full Year Results Delivering on Strategy Strategic portfolio curation and asset recycling into accretive higher quality assets Highlights and Strategy Divestments (2H FY26) - CQR’s equity interest in Retail Partnership No.6 (RP6) sold to CCRF for $80.5m in June 26 - Settled on previously disclosed divestments of: - Lansell Square, Bendigo (VIC) for $110m in March 26 - Post balance date in July 26, settled the divestment of Arana Hills QLD, Kings Langley, NSW and Butler WA for $210m at an average yield of 5.3% Acquisitions (2H FY26) - Settled on previously disclosed acquisitions: - $200m equity investment in CH Ampol Partnership 1 increasing ownership from 5% to 49.9% - Acquisition of Gympie Central and Whitsunday Plaza in QLD, and Armidale Central, NSW in February 2026 for $251m at an average yield of 6.7% - Post balance date in July 26, acquisition of Yeppoon Central, QLD shopping centre for $65.3m at a yield of 6.5% Yeppoon Central, QLD (2H FY26 Acquisition) Gympie Central, QLD (2H FY26 Acquisition) 7
Page 8
Charter Hall Retail REIT 2026 Full Year Results 100% 100% 100% 100% 100% 86% 79% 78% 75% 71% 61% - - - - - 14% 21% 22% 25% 29% 39% $2.2bn $2.5b $2.8b $2.8b $3.0b $3.3b $3.6b $4.3b $4.3b $4.0b $4.8b $5.3b - $1.0b $2.0b $3.0b $4.0b $5.0b $6.0b FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Shopping centre retail Net lease retail Total convenience retail APT1 & APT2 bp AU LWIP2 Z Energy + Gull Curation towards net lease has significantly improved tenant covenant and resilience of CQR’s income Portfolio curation and diversification Strategic shift to a diverse range of major anchor tenants and rent review mechanisms to underpin income growth in all cycles Highlights and Strategy bp NZ 53% 47% 8 Vintage of acquisition
Page 9
Charter Hall Retail REIT 2026 Full Year Results Highlights and Strategy Targeted portfolio curation to net lease driving higher income growth and lower capital commitments Underpinned by high-quality tenant covenants 5 year average to FY19 FY26 Shopping centre NPI growth 1.9% 3.0% Net lease NPI growth n/a 3.0% Total NPI growth 1.9% 3.0% Shopping centre capex $75m $28m Net lease capex n/a $0m Capex as % of portfolio value 2.8% 0.5% 9
Page 10
Charter Hall Retail REIT 2026 Full Year Results Strategic shift to net lease retail driving NTA growth 1. Like for like investment basis 2. Equity IRR since inception assumes average portfolio gearing for ungeared joint ventures 3. At 30 June 2026 market FX rate of 1.22 AUD/NZD - Pivot to capital efficient net lease, with asset values supported by high underlying land values and inflation linked rent growth, driving CQR’s income quality and resilience - Leveraged Charter Hall Group platform to unlock on and off market opportunities including the take private of HPI together with Sale and Lease Back of bp and Ampol portfolios in Australia and New Zealand - Delivered +$317m value creation Highlights and Strategy Equity Investment Equity Value1 Value Created Uplift % $368m 2024/2025 $440m 2026 $72m Equity IRR 20.6% 19.6% $214m 2019/2020 $364m 2026 $150m Equity IRR 16.3% 70.0% $132m 2022 $152m 2026 $20m Equity IRR 12.6%2 15.2% $131m 2019/2020 $193m 2026 $63m Equity IRR 18.1%2 48.1% $64m 2022 $85m 2026 $21m Equity IRR 19.3%2 32.8% $57m 2022 $67m 2026 $10m Equity IRR 18.5%2 17.5% Total (AUD)3 $907m $1,224m $317m Avg. Equity IRR 18.0% 35.0% NZ AU AU NZ NZ AU Australia New Zealand 10
Page 11
Charter Hall Retail REIT 2026 Full Year Results $1.7bn $1.8bn $1.9bn $2.0bn $2.1bn $2.2bn $2.3bn $2.4bn $2.5bn 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 Portfolio Valuation (RHS) Convenience Shopping Centre Retail (Cap Rate) (LHS) Convenience Net Lease Retail (Cap Rate) (LHS) 11 Highlights and Strategy CQR 6 year like-for-like cap rates and valuations1 1. Like-for-like valuation metrics for assets owned at both 30 June 2020 and 30 June 2026 Six Year Valuation Cycle - On a like-for-like basis1 weighted average cap rates have expanded by the same amount they compressed between 30 June 2020 to 30 June 2022 - Despite cap rate changes, like-for-like capital values across CQR’s portfolio are on average 32.9% higher in 2026 compared to 2020 - CQR portfolio valuations since 2020 reflect strong income growth - 31.6% valuation growth for shopping centre retail - 36.9% valuation growth for net lease retail - Net lease retail now represents 53% of CQR portfolio value as the portfolio is curated toward higher income growth assets LFL portfolio valuation growth +32.9% Cap rate compression underway
Page 12
Charter Hall Retail REIT 2026 Full Year Results 2 Financial Performance BP Kings Way South Melbourne, VIC 12
Page 13
Charter Hall Retail REIT 2026 Full Year Results Financial Performance Earnings and Distributions - Same property portfolio NPI growth of 3.0% - Like-for-like convenience shopping centre retail NPI growth of 3.0% - Same property convenience net lease retail NPI growth of 3.0% - Higher finance costs largely driven by growth in acquisitions - Distribution of 25.5cpu is 3.3% higher than prior year Look through basis $m FY25 FY26 % change Net property income from shopping centre retail – LFL 105.4 108.6 3.0% Net property income from net lease retail - LFL 52.8 54.4 3.0% Net property income – assets transacted 93.8 115.5 23.1% Total net property income 252.0 278.5 10.5% Finance costs (81.6) (100.5) 23.2% Other expenses (22.9) (24.6) 7.4% Operating earnings 147.5 153.4 4.0% Operating earnings per unit (cents) 25.4 26.4 4.0% Distribution per unit (cents) 24.7 25.5 3.3% Payout ratio1 97.2% 96.6% (0.6%) Statutory earnings2,3 218.3 389.4 78.4% 1. Distribution (cpu) divided by operating earnings (cpu) 2. See Annexure 1 for reconciliation of statutory earnings to operating earnings 3. June 2026 results reflect the early adoption of AASB 18. Prior periods have been retrospectively restated 13
Page 14
Charter Hall Retail REIT 2026 Full Year Results Balance Sheet - Joint Venture investments increase driven by upweighting investment CH Ampol Partnership 1 to 49.9% together with CCRF investment - NTA per unit of $5.03 increased by $0.39 or 8.4% driven by favourable net valuation uplift - 12 month levered portfolio return of 15.8% driven by distribution yield of 5.3% plus NTA growth Financial Performance $m Jun-25 Jun-26 Cash 39 23 Investment properties 2,369 2,306 Joint venture investments 1,772 2,159 Other assets 108 79 Total assets 4,288 4,566 Borrowings (1,449) (1,568) Distribution payable (72) (37) Other liabilities (73) (36) Total liabilities (1,594) (1,642) Net Tangible Assets (NTA) 2,694 2,925 Units on issue (million) 581.2 581.2 NTA per unit ($) 4.64 5.03 14
Page 15
Charter Hall Retail REIT 2026 Full Year Results Property Valuations - Portfolio net valuation increase of $248m or 4.9% driving NTA growth. Shopping centre net valuation uplift of $147m together with net lease valuation growth of $101m - Portfolio weighted average cap rate of 5.45% has firmed 29bps or 16bps on a like for like basis - 71% of the portfolio was externally revalued at 30 June 2026, with 100% independently valued during FY26 - The remaining energy and convenience portfolio will be revalued following the annual rent review based on September 26 CPI print Financial Performance $m Convenience shopping centre retail Convenience net lease retail Total portfolio June 2025 portfolio value 2,934 1,876 4,810 Net transactions (604) 858 254 Capital spend 28 - 28 Valuation movement 147 101 248 June 2026 portfolio value 2,505 2,835 5,340 June 2025 weighted average cap rate 6.06% 5.24% 5.74% June 2026 weighted average cap rate 5.91% 5.05% 5.45% Overall FY26 weighted average cap rate movement (0.15%) (0.19%) (0.29%) Like-For-Like FY26 weighted average cap rate movement (0.22%) (0.06%) (0.16%) 15
Page 16
Charter Hall Retail REIT 2026 Full Year Results 180.0 200.0 350.0 844.2 40.0 165.8 FY26 FY27 FY28 FY29 FY30+ Drawn bank debt facilities Undrawn debt Capital Management - CQR completed the refinance of its balance sheet debt to a secured platform in Feb 26 - Lowered debt margins by 40bps and extend weighted average debt maturity - Greater financial flexibility with increased covenant and ICR headroom - Off balance sheet debt is neither cross collateralised nor subject to any recourse against CQR’s balance sheet - Highly hedged position with 67% hedging across FY27 and 46% across FY28 Financial Performance Debt summary Weighted average cost of debt2 5.0% Weighted average debt maturity 3.6 years Balance sheet gearing3 30.9% 1. Reflects debt maturity profile for CQR balance sheet debt, FY27 includes $180m temporary facility repaid July 26 2. Reflects BBSY of 4.5% at 6 August 2026 and average hedging of 57% at an average hedge rate of 3.2% 3. Proforma for divestment of 3 metro assets ($210m) and acquisition of Yeppoon Central, QLD ($65m) that occurred in July 26 and reflects post balance date refinance of BP Australia debt facility Balance sheet debt maturity profile1 57% 67% 46% 3.2% 3.3% 3.6% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% $0m $500m $1,000m $1,500m $2,000m FY26 FY27 FY28 Average hedging profile and average hedged rate Key metrics 16 1
Page 17
Charter Hall Retail REIT 2026 Full Year Results 3 Operational Performance Waverley Gardens Mulgrave, VIC 17
Page 18
Charter Hall Retail REIT 2026 Full Year Results Portfolio Summary Operational Performance – $5.3bn diversified convenience retail portfolio across shopping centres $2.5bn (51% by income) and net lease $2.8bn (49% by income) – Portfolio occupancy at 99.1% – Portfolio WALE of 7.1 years with majors WALE of 8.9 years – Tenant arrears of less than 0.5% Portfolio value by segment Convenience retail portfolio snapshot Jun 25 Jun 26 Value ($bn) 4.8 5.3 Weighted average cap rate 5.74% 5.45% Number of assets 699 730 Occupancy 98.9% 99.1% WALE 7.0 years 7.1 years Portfolio value by state NSW 34% QLD 32% WA 12% VIC 10% NZ 7% ACT, TAS, SA, NT 5% 18 Shopping Centres $2.5bn 47% Energy and Convenience $1.6bn 30% Hospitality $0.9bn 17% Bunnings $0.3bn 6%
Page 19
Charter Hall Retail REIT 2026 Full Year Results 1.2% 1.4% 2.6% 3.0% 3.9% 7.4% 8.5% 10.7% 10.8% 11.6% Operational Performance Credit Rating: BBB Credit Rating: A+ Credit Rating: BBB+ Credit Rating: A- Baa1 Baa2 Non-discretionary spend supporting resilient cashflows Supported by strong tenant covenants Income by category Top 10 tenant customer groups (by base rent) 61% of rent 0.6% 1.1% 1.9% 2.0% 2.6% 3.4% 3.7% 4.2% 4.4% 4.7% 5.0% 5.3% 16.7% 21.7% 22.8% Homewares Mobile phones Leisure/Jewellery Other retail Apparel Food/Liquor retail General retail Non retail Bunnings Mini-majors (SC) Retail services Food catering Hospitality Energy & Convenience Majors (SC) 19
Page 20
Charter Hall Retail REIT 2026 Full Year Results 27% 23% 2% 3% 26% 11% 7% Other Convenience Net Lease Portfolio - Upweight of CQR’s investment in CH Ampol Partnership 1 by $419m GAV ($200m equity) - Net lease portfolio will benefit from higher inflation following CPI linked rent review (82% of portfolio) - Energy & convenience portfolio will be revalued following the September 26 CPI print Portfolio Value $’m Number of assets Cap rate WALE (years) Rent review bp Australia 594 215 4.78% 13.5 CPI bp New Zealand 159 70 5.02% 14.5 CPI (0.5%-4%) Ampol1 665 276 4.89% 13.0 CPI (2%-5%) Gull 70 18 5.39% 11.1 CPI (2%-5%) Endeavour (LWIP2) 99 12 4.92% 8.8 CPI QVC/AVC (HPI) 749 60 5.35% 8.2 CPI & Fixed Bunnings 299 17 5.03% 4.7 Fixed / Market Other net lease2 201 7 5.18% 8.5 CPI & Fixed Total 2,835 675 5.05% 10.4 Tenant covenant Operational Performance 1. Includes Ampol Australia and Z Energy New Zealand 2. Largely CQR 100% owned net lease assets 20
Page 21
Charter Hall Retail REIT 2026 Full Year Results Supermarket Anchors 1. Includes supermarkets with fixed and CPI rent reviews – Supermarkets continued to demonstrate resilience with 3.6% MAT growth – 89% of supermarkets paying turnover rent or within 10% Supermarket performance Jun 25 Jun 26 MAT growth 2.5% 3.6% Supermarkets in turnover1 69% 76% Supermarkets within 10% of turnover 16% 13% Supermarkets in turnover80 supermarket stores in portfolio Operational Performance 66% 62% 62% 62% 67% 70% 73% 71% 69% 68% 76% 17% 18% 18% 19% 18% 13% 13% 16% 16% 16% 13% 83% 80% 80% 81% 85% 83% 86% 87% 85% 84% 89% Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 In turnover Within 10% 33 30 17 21
Page 22
Charter Hall Retail REIT 2026 Full Year Results Specialty Tenants Operational Performance – 416 specialty leases with spreads of +4.1% – 145 new leases (+4.7% leasing spread) – 271 renewals (+3.9% leasing spread) – Retention rate has increased to 86% – Specialty productivity across the portfolio is $11,748 per sqm – Occupancy cost of 10.9% allowing for further growth in market rent Specialty performance1 Jun 25 Jun 26 MAT growth 3.6% 3.2% Sales productivity (per sqm) $11,356 $11,748 Specialty occupancy cost 11.4% 10.9% Average rental increase p.a. 4.0% 4.0% Retention rate 85% 86% 1. MAT growth, sales productivity, average gross rent and speciality occupancy cost excludes specialty tobacco sales 2. Weighted average of peers 0.8% 0.9% 1.6% 2.3% 2.5% 2.7% 5.5% (3.2%) (6.9%) (4.0%) (3.8%) 2.2% 1.6% 3.0% FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 CQR Peer Average Historical shopping centre specialty leasing spreads versus peers2 22 4.1%
Page 23
Charter Hall Group 2026 Full Year Results FY26 Sustainability achievements Operational Performance By integrating sustainability across our platform and leveraging our scale, we attract and retain capital while delivering for our customers and employees – creating enduring value for all. Net Zero1 Operating at Net Zero Scope 1 and Scope 2 emissions from 1 July 2025 through onsite solar, renewable electricity PPA and residual emissions compensated by nature-based carbon offsets (4%) Empowering vulnerable women $595k spent with Two Good Co. to deliver school holiday activations and the sales driver cookbook giveaway campaign, driving shopper engagement, while supporting over 850 hours of Charter Hall volunteering, and funding 1,000+ Littles Care Packs for children in need. ESG leadership Maintained 2 nd place among listed Retail entities in Australia and New Zealand in the 2025 GRESB Assessment and maintained an ‘A’ ranking under the GRESB Public Disclosure. Clean energy 19.5MW of solar installed across 76% of shopping centers with suitable roof space. 15.4MWh of battery capacity installed at eight sites, an uplift of 4.1MWh from FY25. First Nations Won the SCCA Community Award for the ‘Drawing Us Together’ campaign, delivered across 17 centres and engaging 1,100+ students in stories from 13 First Nations authors. Independent benchmarking Progressed towards maintaining Green Star Performance certification for the shopping centre retail portfolio under the updated rating tool. NABERS energy Maintained 5 Star NABERS Energy across shopping centre retail portfolio 2. Achieved 4.1 Star NABERS Water in shopping centre retail assets2. Uplift of 0.2 stars from FY25. Giving back during the festive season Donated over $26k to The Salvation Army Christmas Appeal through the ‘Elf-mas Hunt’ activation, with centres contributing $5 per participant to provide food, gifts and essential to families facing hardship. Responsible supply chain Strengthened frontline employees' capability to identify and respond to modern slavery risks, and deepened industry collaboration to support ongoing knowledge-sharing. Further detail is available in our sixth Modern Slavery Statement 1. For assets which the REIT owns and where Charter Hall Group has operational control, Charter Hall Group has offset Scope 1 re lated emissions and procured 100% renewable electricity for Scope 2 emissions from 1 July 2025 to reach Net Zero 2. The NABERS portfolio rating only includes assets in operational control. Data as of 30 June 2026 Environment Governance Social 23
Page 24
4 Rye Hotel Mornington Peninsula , VIC Outlook and Guidance 24
Page 25
Charter Hall Retail REIT 2026 Full Year Results Outlook and Guidance Outlook and Guidance 1. Based on FY27 DPS guidance of 26.4cps divided by CQR share price of $4.06 as at 6 August 2026 Australian population growth Limited supply driving down retail space per capita Continue to enhance portfolio quality through curation & asset management Strongest earnings growth amongst peers Continued income & NTA growth Based upon information currently available and barring unforeseen events CQR has now curated its portfolio to its target 50% shopping centre and 50% net lease convenience retail FY27 guidance FY27 operating earnings of no less than 27.3 cpu FY27 distribution per unit of no less than 26.4 cpu This represents a distribution yield1 of 6.5% OEPS growth over FY26 +3.5% DPS growth over FY26 +3.5% Capital efficiency through tenant retention & strategic partnerships 25
Page 26
Charter Hall Retail REIT 2026 Full Year Results 5 Bunnings Toowoomba Toowoomba, QLD Annexures 26
Page 27
Charter Hall Retail REIT 2026 Full Year Results Annexures Annexures 1 Investment in geared joint ventures 2 4 Lease expiry profile Property portfolio 6 Convenience shopping centre retail portfolio historical performance Convenience shopping centre MAT analysis 7 Reconciliation of statutory profit to operating earnings 5 3 Glossary 27
Page 28
Charter Hall Retail REIT 2026 Full Year Results Annexure 1 Reconciliation of statutory earnings to operating earnings1 Annexures 1. June 2026 results reflect the early adoption of AASB 18. Prior periods have been retrospectively restated $m FY25 FY26 Operating Earnings 147.5 153.4 Net revaluation gain on investment properties 144.1 304.8 Straight lining of rental income and amortisation of incentives (16.9) (11.0) Acquisition and disposal related costs (15.8) (87.5) Net gain/(loss) on derivative financial instruments (36.6) 35.1 Other (4.0) (5.4) Statutory profit 218.3 389.4 28
Page 29
Charter Hall Retail REIT 2026 Full Year Results Annexure 2 Investments in non-recourse geared JVs – operating earnings and equity investment FY26 Annexures $m CCRF bp Australia Ampol 1 HPI LWIP 2 Ownership interest 16.1% 50.0% 49.9% 50.0% 28.9% Properties 38 215 204 60 12 June 2026 operating earnings $’m CQR share of operating earnings 17.6 18.3 18.1 23.0 3.5 June 2026 balance sheet $’m CQR equity investment 441 383 240 440 77 29
Page 30
Charter Hall Retail REIT 2026 Full Year Results Major tenant WALE 8.9 years Portfolio WALE 7.1 years Specialty and mini-major tenant WALE 3.9 years Annexure 3 Lease expiry profile as at 30 June 2026 Major tenant expiry profile (by income) Specialty and mini-major tenant expiry profile (by income) Annexures 4.6% 5.1% 3.6% 4.4% 6.4% 7.8% 5.7% 3.5% 59.0% 0% 20% 40% 60% 80% FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35+ 15.0% 16.4% 14.0% 13.9% 10.9% 7.1% 4.8% 3.1% 8.1% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35+ 30
Page 31
Charter Hall Retail REIT 2026 Full Year Results Annexure 4 Property portfolio as at 30 June 2026 Annexures State Property Location Anchor Tenants NSW CQR Armidale Armidale Woolworths, Kmart Dubbo Dubbo Coles, Kmart Goulburn Goulburn Coles, Kmart Jerrabomberra Jerrabomberra Woolworths Kings Langley Kings Langley Coles Morisset Morisset Coles Mudgee Mudgee Woolworths Orange Orange Coles Parkes Parkes Woolworths Singleton Singleton Woolworths, Coles, Big W Murwillumbah Murwillumbah Coles Tamworth Tamworth Coles, Kmart CCRF Bass Hill Plaza Bass Hill Woolworths, Aldi, Kmart Bateau Bay Square Bateau Bay Woolworths, Coles, Aldi, Kmart Bonnyrigg Plaza Bonnyrigg Woolworths, Big W Carnes Hill Marketplace Horningsea Park Woolworths, Big W Chullora Marketplace Chullora Woolworths, Coles, Aldi Eastgate Bondi Junction Bondi Junction Coles, Aldi, Kmart Gordon Village Centre Gordon Woolworths Highlands Marketplace Mittagong Woolworths, Big W Pacific Square Maroubra Coles, Aldi Rockdale Plaza Rockdale Woolworths, Aldi, Big W Other Salamander Bay Square Salamander Bay Woolworths, Coles, Kmart NSW Total Book Value: $1,102m Cap Rate: 5.84% 31 All values reflect the CQR ownership interest
Page 32
Charter Hall Retail REIT 2026 Full Year Results Annexures Annexure 4 continued Property portfolio as at 30 June 2026 continued State Property Location Anchor Tenants QLD CQR Arana Hills Plaza Arana Hills Coles, Aldi, Kmart Atherton Square Atherton Woolworths Bay Plaza Hervey Bay Woolworths Currimundi Markets Currimundi Woolworths Gatton Square Gatton Coles Gympie Central Gympie Woolworths, Big W Highfields Village Highfields Woolworths Whitsunday Plaza Cannonvale Woolworths, Big W CCRF Bribie Island Shopping Centre Bribie Island Woolworths, Target Morayfield Supercentre Morayfield Woolworths, Aldi Southport Park Shopping Centre Southport Woolworths, Coles, Aldi, QLD Total Book Value: $609m Cap Rate: 5.76% WA CQR Albany Plaza Albany Coles, Aldi, Kmart Butler Central Butler Woolworths Esperance Boulevard Esperance Woolworths, Kmart Kalgoorlie Central Kalgoorlie Woolworths Maylands Coles Maylands Coles Narrogin Coles Narrogin Coles Secret Harbour Square Secret Harbour Woolworths, Coles, Aldi South Hedland Square South Hedland Coles, Kmart CCRF Swan View Shopping Centre Swan View Coles Wanneroo Central Wanneroo Coles, Aldi, Kmart WA Total Book Value: $470m Cap Rate: 6.48% 32All values reflect the CQR ownership interest
Page 33
Charter Hall Retail REIT 2026 Full Year Results Annexures Annexure 4 continued Property portfolio as at 30 June 2026 continued CQR Manuka Terrace Manuka Coles ACT Total Book Value: $68m Cap Rate: 5.50% CCRF Glebe Hill Village Howrah Coles TAS Total Book Value: $5m Cap Rate: 5.50% Convenience shopping centre retail portfolio Book Value: $2,505m Cap Rate: 5.91% State Property Location Anchor Tenants VIC CCRF Burwood One Shopping Centre Burwood East Coles, Aldi Kmart Campbellfield Plaza Campbellfield Coles, Aldi, Kmart Corio Village Corio Woolworths, Coles, Kmart Mernda Junction Mernda Coles Millers Junction Village Altona North Woolworths, Reading Summerhill Shopping Centre Reservoir Coles, Kmart, Aldi Tooronga Village Glen Iris Coles Waverley Gardens Mulgrave Woolworths, Coles, Aldi Other Gateway Plaza Leopold Coles, Aldi, Kmart, Bunnings VIC Total Book Value: $250m Cap Rate: 5.61% 33All values reflect the CQR ownership interest
Page 34
Charter Hall Retail REIT 2026 Full Year Results Annexure 4 continued Annexures Property portfolio as at 30 June 2026 continued State Property Location Number of assets Cap Rate Book Value ($m) bp Australia portfolio Australia 215 4.78% 594 bp New Zealand portfolio New Zealand 70 5.02% 159 Ampol I portfolio Australia 204 4.82% 473 Ampol II portfolio Australia 21 4.68% 67 Z Energy portfolio New Zealand 51 5.28% 125 Gull portfolio New Zealand 18 5.39% 70 LWIP2 portfolio Australia 12 4.92% 99 HPI Australia 60 5.35% 749 CCRF net lease Australia 14 4.87% 155 Bunnings Australia 3 5.21% 144 Other net lease Australia 7 5.18% 201 Convenience net lease retail portfolio 675 5.05% 2,835 Total portfolio 5.45% 5,340 34All values reflect the CQR ownership interest
Page 35
Charter Hall Retail REIT 2026 Full Year Results Annexure 5 Convenience shopping centre MAT analysis as at 30 June 2026 2 1. Excludes specialty tobacco sales 2. Tenants who do not report sales including banks, medical etc Rental income by specialty and mini-major tenant type Annexures Sales by category % of portfolio sales MAT growth1 Supermarket 62.4% 3.6% DDS 10.7% 2.5% Majors 73.1% 3.4% Food and food catering 9.2% 2.7% Retail services 3.5% 4.2% General retail 3.4% 5.4% Mobile phones 1.1% 2.6% Non-Discretionary 17.2% 3.4% Clothing and apparel 1.4% 1.0% Leisure 1.0% 2.0% Jewellery 0.7% 4.6% Homewares 0.3% 3.2% Discretionary 3.4% 2.2% Specialty 20.6% 3.2% Mini-majors 6.4% 1.7% Total portfolio 100.0% 3.3% Mini-majors 20% Sales reporting specialties 71% Non sales reporting specialties 9% 35
Page 36
Charter Hall Retail REIT 2026 Full Year Results Annexure 6 Convenience shopping centre retail portfolio historical performance Jun 16 Jun 17 Jun 18 Jun 19 Jun 20 Jun 21 Jun 22 Jun 23 Jun 24 Jun 255 Jun 265 Value $2.5b $2.8b $2.8b $3.0b $2.8b $2.9b $3.3b $3.2b $2.9b $2.9b $2.5b Occupancy 98.0% 98.0% 98.1% 98.1% 97.3% 98.3% 98.5% 98.6% 98.8% 98.9% 99.1% Same property NPI growth1 2.2% 1.0% 1.8% 2.1% 2.0% 3 1.9% 3 3.5% 3 3.1% 3.2% 2.4% 3.0% Major tenant MAT growth1 1.7% 4.0% 2.7% 3.4% 2 5.4% 4.3% 3.2% 4.7% 2.2% 4 2.6% 3.4% Supermarkets in turnover or within 10% 59% 52% 72% 73% 78% 83% 80% 85% 86% 85% 89% Specialty leasing spread5 1.4% 0.2% 1.3% 0.8% 0.9% 1.6% 2.3% 2.5% 2.7% 5.5% 4.1% Renewals5 1.0% 0.0% 1.5% 0.0% 1.1% 0.2% 1.8% 2.7% 2.6% 4.9% 3.9% New leases5 3.0% 0.7% 0.9% 2.4% 0.5% 3.8% 3.7% 1.7% 2.7% 7.6% 4.7% Number of leasing transactions 313 393 400 366 345 457 480 420 313 272 416 Average specialty gross rent psm5 $953 $985 $1,006 $1,054 $1,131 $1,145 $1,140 $1,191 $1,267 $1,301 $1,284 Average specialty sales psm5 $9,828 $9,680 $9,536 $9,672 $9,557 $10,213 $9,894 $10,489 $11,077 $11,356 $11,748 Average specialty occupancy cost5 9.7% 10.2% 10.5% 10.9% 11.8% 11.2% 11.5% 11.4% 11.4% 11.4% 10.9% 1. Like-for-like 2. Comparable sales, noting some major tenants reported a 53 -week year for FY19 (estimated to be approximately 2.3% when adjusted t o 52 weeks) 3. NPI growth prior to provision of $8.1 million in COVID -19 tenant support for the year to Jun 2022, $6.7m for the year to Jun 2021 and $10.7m for the year to Jun 2020 4. FY24 MAT of 2.2% reflects 52 weeks – some major tenants reported a 53-week year for 2024 MAT, if adjusted growth was 4.2% 5. Average gross rent, sales productivity and specialty occupancy cost excludes specialty tobacco sales Annexures 36
Page 37
Charter Hall Retail REIT 2026 Full Year Results Twelve months from 1 July 2024 to 30 June 2025 FY25 Gross lettable area (in square metres) GLA Base rent and outgoings Gross rent Tenant is paying a percentage of sales in rent (turnover rent) In turnover Joint venture JV Annexure 7 Glossary Moving annual turnover calculated as a sum of rolling 12-month sales MAT Net property income NPI Calculated as the annualised gross rent divided by annual sales Occupancy cost Hotel Property Investments HPI Weighted Average Lease Expiry calculated based on income WALE Twelve months from 1 July 2025 to 30 June 2026 FY26 Annexures Net lease retail Net leases where tenant is responsible for property outgoings, maintenance and capital expenditure IRR Internal rate of return Like for Like LFL 37 Capital Expenditure Capex
Page 38
Charter Hall Retail REIT 2026 Full Year Results charterhall.com.au/ cqr IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been prepared by and is the sole responsibility of Charter Hall Retail Management Limited (ABN 46 069 709 468, Australian Financial Services Licence Number 246 996) (“CHRML”) as the responsible entity for Charter Hall Retail REIT (ARSN 093 143 965) (“CQR” or “the REIT”). It is a presentation of general background information and CQR’s activities as at 30 June 2026 unless otherwise stated. It is a summary and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. A reader should, before making any decisions in relation to their investment or potential investment in CQR, seek their own professional advice. This presentation is not an offer or invitation for subscription or purchase of securities or other financial products. Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the control of CQR, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from those expressed or implied in such statements. All information herein is current as at 30 June 2026 unless otherwise stated, and all references to dollars ($) or A$ are Australian Dollars unless otherwise stated. Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board Further information