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Q3 2026 Building a Caring Future Together Building a Caring Future Together
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2 Care Property Invest I Building a Caring Future Together /couttenier patrick.couttenier@ carepropertyinvest.be +32 478 88 30 49 /FilipVanZeebroeck filip.vanzeebroeck@ carepropertyinvest.be +32 494 91 10 93 Patrick Couttenier CEO CFO Filip Van Zeebroeck
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01 02 04 05 06 Care Property Invest In a nutshell Our portfolio High-end and sustainable buildings Financial information Figures and guidance Share and shareholders A solid dividend investment Key investment highlights 03 Strategic focus Building a caring future together 3 Care Property Invest Building a Caring Future Together
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Building a Caring Future Together www.carepropertyinvest.be Care Property Invest in a nutshell 01
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Company profile Pure Play Healthcare Belgian REIT / EPRA Index 4 Core Countries Portfolio, expertise & track Record in public and private sector Energy efficient portfolio (KWH….) ‘Inflation linked’ investment portfolio Lean, mean and agile organisation structure Growth potential in all markets Access to funding Sustainable relationships with stakeholders in view of L T value creation Committed and investor- aligned management team geared to create long-term value growth Profitability in line with conservative risk profile Stable Cash Flows based on L T contracts (leases 8 yrs; investment portfolio 17 yrs) 20% of income on public sector Cost control & financial discipline Sustained dividend policy 15% witholding tax 5 Care Property Invest Care Property Invest in a nutshell
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Key figures Q3 2026 Financial Fair value portfolio: 1.38 BEUR • Leases: 201 MEUR (15%) • Investm. Prop. : 1,178 MEUR (85%) Income: 61.4 MEUR (+12.1%) (1) EPRA Earnings: 37.0 MEUR (+11.6%) (1) EPS: 0.88 EUR EPS (Guidance): 1.13 EUR DPS (FY proposal): 1.00 EUR - 15% withholding tax (1) Compared to Q3 2025 Operations 4 Countries 158 sites 25 operators 100% Occupancy New completion 2026: ‘Solimar Elche’ in Elche (ES) Risk EPRA L TV: 47.63% Headroom on financing: 86 MEUR Average cost of debt: 3.11% Discount NTA vs Share price: -28.5% WA Tenor leases: 8 yrs WA Tenor rents: 17 yrs Relatively ‘a-cyclical’ 6 Care Property Invest Care Property Invest in a nutshell
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Finance leases (IFRS 16) Investment properties (IAS 40) Split in investment properties vs finance leases at fair value as at 30 September 2026 Evolution of fair value of total portfolio in million EUR 7 Care Property Invest Care Property Invest in a nutshell 85 % 15 % € 0 m € 200 m € 400 m € 600 m € 800 m € 1,000 m € 1,200 m € 1,400 m 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026
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Projects NEW ACQUISITIONS 2025 Project Location Date Type Conv. Value (in € million) Agreement Operator Belgium Berkenhof Heers 02/12/2025 Acquisition € 19.0 20 Y - triple net Korian Frederickxhof Lummen 02/12/2025 Acquisition € 12.5 20 Y - triple net Korian Groene Boog Heverlee 02/12/2025 Acquisition € 19.2 20 Y - triple net Korian Héris Soignies 02/12/2025 Acquisition € 14.6 20 Y - triple net Korian Melderthof Meldert 02/12/2025 Acquisition € 12.1 20 Y - triple net Korian Ter Rooierheide Diepenbeek 02/12/2025 Acquisition € 25.8 20 Y - triple net Korian Sint-Lambertus'Buren Zelem 02/12/2025 Acquisition € 8.2 20 Y - triple net Korian Molenhof Gierle 02/12/2025 Acquisition € 12.5 20 Y - triple net Korian Villa Ter Vrugte Hoeselt 02/12/2025 Acquisition € 18.7 20 Y - triple net Korian The Netherlands Fleurâge Residences Bloemendaal 15/01/2025 Acquisition € 10.1 20 Y - triple net Domus Valuas Spain Emera Alicante Alicante 24/12/2025 Acquisition € 14.4 18Y - triple net Emera Total € 167.1 8 Care Property Invest Care Property Invest in a nutshell
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Projects DISPOSALS 2025 Project Location Selling Date Type Conv. Value (in € million) Agreement Operator Belgium De Nieuwe Ceder Deinze 01/10/2025 Investment Property € 9.4 N/A Selys & Kompas Total € 9.4 NEW COMPLETIONS 2026 Project Location Date Type Conv. Value (in € million) Agreement Operator Spain Solimar Elche Elche Q1 2026 Development € 10.9 20 Y - triple net Vivalto Total € 10.9 NEW COMPLETIONS 2025 Project Location Date Type Conv. Value (in € million) Agreement Operator The Netherlands 't Nieuwland Almelo 18/04/2025 Development € 8.9 20 Y - triple net Saamborgh Total € 8.9 9 Care Property Invest Care Property Invest in a nutshell
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Building a Caring Future Together www.carepropertyinvest.be 02 Our portfolio High-end and sustainable buildings
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Spain France Germany Luxembourg United Kingdom Italy Portugal Belgium FV: €248 m FV: €905 m The Netherlands FV: €94 m FV: €132 m Ireland • CP Invest focuses on 4 core markets within the Eurozone/EEA: Belgium, The Netherlands, Spain and Ireland. • CP Invest’s real estate portfolio is distributed (in terms of Fair Value) as follows: Belgium (66%), The Netherlands (18%), Spain (10%) and Ireland (7%). • CP Invest’s geographic diversification offers the additional advantage of operator diversification and spread of political risk. • All of these 4 markets remain attractive markets and will remain attractive in the future due to their underlying fundamentals (demographics, healthcare bed supply & demand, and yield levels). • Apart from these positive fundamentals, each core market has its own merits and key strengths, further adding to their (relative) investing attractiveness. • Each of these markets offer sufficent interesting investment opportunities. No entry into a fifth market is expected in the short term. 11 Care Property Invest Our portfolio
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Projected growth total population of +9.4% +136% in age cat. 85+ +20% in age cat. 66-85 0 20 40 60 80 100 207020602050204020302025 +9.4% +20% +136% 85+ 66-85 0-65 Evol. ageing population Age bracket now 2040 2070 65+ (nominal) 2.4m 3.0m 3.5m 65+ (in %) 20% 24.4% 26.9% 80+ (nominal) 0.65m 1.0m 1.4m 80+ (in %) 5.5% 8.4% 1.4% Total population of 11.8m inhabitants Projected growth total population of +9.4% Population Belgian Healthcare real estate market key characteristics Underlying occupancy rate of CP Invest’s mature real estate portfolio 94.07% (vs. 94.54% in 2025) Healthcare supply and bed capacity • 150,000 beds distributed across 35% private, 30% public, 35% not-for-profit • Equipment rate: 20 beds per 100 people aged 80+ (aligned with WHO standards) • Aging population requires capacity expansion in the short/mid-term: 20,000 extra beds required by 2030 and 100,000 extra beds by 2040 according to Femarbel/Ferubel. • Gross prime yield: 5.5-.5.7% • Effort Rate: 65% rent-to-EBITDAR ratio (decreasing trend) Key strengths • Mature market with high construction standards and professional counterparties • Resilient real estate; less location-sensitive due to Belgium’s compact size • Strong occupancy rates (Pre-COVID levels) & Operators with proven track records • Anticipation of new operational licenses to meet the expected rise in demand to provide new development opportunities 12 Care Property Invest Our portfolio
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Key strengths • Mature market with high construction standards and professional counterparties • Only 9% of care operators are currently private • Separation of housing and care → clear trend towards privatisation (of real estate) • Enormous demand: 76.000 (extramural) places needed by 2040 • Higher care subsidies (‘Wet Langdurige Zorg’) (compared to Belgium, Spain, and Ireland) • Transparent government institutions (permitting procedures) • Strong Occupancy Rates (Pre-COVID Levels) & operators with proven track records Projected growth total population of +15.3% +157% in age cat. 85+ +13% in age cat. 66-85 Evol. ageing population Age bracket now 2040 2070 65+ (nominal) 3.7 4.8m 5.5m 65+ (in %) 20.5% 25% 26.4% 80+ (nominal) 0.9m 1.6m 2.1m 80+ (in %) 5% 8.3% 10.1% Total population of 18m inhabitants Projected growth total population of +15.3% Population 207020602050204020302025 +15,3% +13% +157% 85+ 65-85 0-65 Dutch Healthcare real estate market key characteristics Underlying occupancy rate of CP Invest’s mature real estate portfolio 92.50% (vs. 88.74% in 2025) Healthcare supply and bed capacity • 152,500 beds distributed across 9% private, 91% not-for-profit • Around 100,000 additional beds needed until 2040 • Equipment rate: 17 beds per 100 people aged 80+ • Investments required in outdated not- for-profit healthcare assets, offers opportunities for investors • Gross prime yield: 5.80% • Effort Rate: 65% rent-to-EBITDAR ratio 13 Care Property Invest Our portfolio
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Projected growth total population of +6.7% +152% in age cat. 85+ +31% in age cat. 66-85 Evol. ageing population Age bracket now 2040 2070 65+ (nominal) 11.5m 14.6m 16.4m 65+ (in %) 23.7% 27.0% 30.0% 80+ (nominal) 4.6m 4.5m 6.9m 80+ (in %) 9.4% 8.3% 12.6% Total population of 48.6m inhabitants Population 0 20 40 60 80 100 207020602050204020302025 +6.7% +13% +157% 85+ 65-85 0-65 Spain will have Europe’s oldest population by 2050 Spanish Healthcare real estate market key characteristics Underlying occupancy rate of CP Invest’s mature real estate portfolio 97.70% (vs. 97.04% in 2025) Healthcare supply and bed capacity • 410,000 beds (~50% private, ~25% public, ~25% not-for-profit) • 100,000-bed shortfall currently to meet WHO standards • Fragmented market: Top 10 operators hold only 20% of beds • Attractive Effort Rates: 55% rent-to- EBITDAR ratio Key strengths • High demand: Aging population & critical bed shortage • Attractive yields vs. mature markets (gross prime yield nursing home: ~5.50%) • Greenfield potential: Opportunity for modern (re) developments • Less regulatory constraints in private sector (fewer subsidy dependencies) 14 Care Property Invest Our portfolio
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Projected growth total population of +24.4% +250% in age cat. 85+ +72% in age cat. 66-85 Evol. ageing population Age bracket now 2055 Total population 5.1 m 6.4m Total population - +25.5% 65+ - 1.0m 65+ - +28.3% 80+ - 651,000 80+ - +10.1% Total population of 5.1m inhabitants Population 0 20 40 60 80 100 20552050204520402035203020272022 +24.4% +72% +250% 85+ 66-85 0-65 Projected growth total population of +6.7% Irish Healthcare real estate market key characteristics Underlying occupancy rate of CP Invest’s mature real estate portfolio 95.54% (vs. 95.87% in 2025) Healthcare supply and bed capacity • 547 nursing homes (32,000 beds), many outdated • Bed shortage: 18,000 by 2036, total demand 50,000 (2036) → 72,000 (2051) • Shift to larger, modern facilities • Attractive Effort Rates: 55% rent-to-EBITDAR ratio Key strengths • Significant Bed Shortage: Below WHO guideline (5.0% of 65+ population) • Favourable Yield Levels: Gross prime yield nursing home ~5.50%. • Fair Deal Scheme: Stable income stream for operators from public authorities (NTPF scheme). 15 Care Property Invest Our portfolio
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Geographical distribution (1) Geographical distribution of the number of projects Geographical distribution of the number of residential units Flemish Region (BE) Walloon Region (BE) Brussels-Capital Region (BE) The Netherlands (NL) (2) Spain (ES) (3) Ireland (IE) 158 acquired projects in portfolio as at 30 September 2026 (1) Excludes finance lease projects, all of which are located in the Flemish Region. (2) As at 30 September 2026, the investment property ‘St. Josephkerk’ in Hillegom (NL) is still under development. (3) As at 30 September 2026, the investment property ‘Emera Alicante’ in Alicante (ES) is still under development. 35 % 32 % 11 % 9 % 7 % 6 % 30 September 2026 30 September 2026 16 Care Property Invest Our portfolio 39 % 18 % 13 % 11 % 9 % 9 %
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Distribution projects by age of the buildings Investment properties in operation < 1 year ago 1 to 5 years ago 5 to 10 years ago 10 to 15 years ago 30 % 28 % 18 % 11 % 11 % 1 % 15 to 20 years ago >20 years ago 17 Care Property Invest Our portfolio 30 September 2026
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50 % 26 % 21 % 3 % 1 % 30 September 2026 Lease Maturity 18 years 17 years 14 years 18 years 0 5 10 15 20 25 30 Belgium The Netherlands Spain Ireland Average unexpired lease term by country Investment properties Average: 17 years Unexpired lease term Investment properties < 5 years > 5 years < 10 years > 10 years < 15 years > 15 years < 20 years > 20 years 18 Care Property Invest Our portfolio
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NV • OPENBARE BE VA K NAAR BELGISCH RECH T The legacy portfolio of finance leases How it started 30 years of experience RREC - BE-REIT - Founded in October 1995 Initiative of the Flemish government Building and financing of 2,000 qualitative and affordable service flats targeted at 75+ year-olds (assisted living units) in Flanders and Brussels Cooperation with: Local governments and municipalities Non Profit Organisations (‘Caritatieve vzw’s/ASBL caritative or ‘NPOs’) (1) Subsidised structure by the Flemish government Realised (2): 1,988 assisted living units built on 76 sites in Flanders Investments of €158.77m (3) generating a rental income of €16.09m (for the full financial year 2026). (1) Part of Zorgnet Vlaanderen, structure with a Catholic background. Since 2015 merged with Icuro to Zorgnet Icuro. (2) As of 31 December 2016. (3) Sum of receivables financial lease (€153.23m) and trade receivables related to fixed assets (real estate a.o.) (€5.54m) (30/09/2026). 19 Care Property Invest Our portfolio
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Structure subsidised by the Flemish Government Triple net leasehold contracts (1) with 100% investment repayment at end of leasehold. Average remaining term of the finance leases (initial portfolio only) at 30 September 2026 was 7.66 years. Project structure Design-build-finance structure (1) The operating costs, maintenance costs and loss of rent associated with the vacancy are borne by the operator. End of building right Permit and construction process Completion Leasehold 27 years Building right 30 years Rent End of leasehold TIMELINE 20 Care Property Invest Our portfolioOur portfolio
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Spread building rights fee vs related debt maturity Evolution of the final building rights fees and related debt maturity relating to the legacy portfolio Final building rights fee (cash in) - in K EUR Related debt maturity (cash out) - in K EUR 20000 -15000 -10000 -5000 0 5000 10000 15000 20000 25000 30000 35000 40000 204320422041204020392038203720362035203420332032203120302029202820272026 21 Care Property Invest Our portfolioOur portfolio
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Annual rental income loss and average needed replacement value - in k EUR −2,000 −1,500 −1,000 −500 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 -896k 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 0 5,000 10,000 15,000 20,000 25,000 12,269 -896k Annual rental income loss Average replacement value at 5.75% yield Average rental income loss represents just 1.2% of 2025 rental income, highlighting minimal impact on overall performance The Welfare Estates transaction, yielding 5.75%, covers 12 years of replacement requirements. 22 Care Property Invest Our portfolioOur portfolio
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Ireland Silverstream Healthcare DomusVi Spain Emera Forum de Inversiones Inmobiliarias Mare Nostrum S.A. Other (1) The Netherlands Domus Valuas Orelia Korian Other(1) (2) Belgium Colisee Hesta-C/My Assist Public Orelia Korian Vulpia Other(1) (2) Distribution operators Operator base with proven track record Distribution based on rental income received per operator (1) The following operators are included in ‘Other’ on 30 September 2026: Aldenborgh Exploitatie, Anima, De Familie, De Gouden Leeuw, Municipality of Wassenaar, Golden Years, La Vostra Llar, Pim Senior, Résidence du Lac, Saamborgh, Stichting Envida, Vivalto and non-profit organisations. (2) The following operators are included in ‘Other’ on 30 September 2025: Aldenborgh Exploitatie, Anima, De Familie, De Gouden Leeuw, Municipality of Wassenaar, Golden Years, La Vostra Llar, Pim Senior, Résidence du Lac, Saamborgh, Stichting Envida, Vivalto and non-profit organisations. 19 % 17 % 15 % 12 % 10 % 5 % 5 % 4 % 4 % 3 % 3 % 3 % 23 % 15 % 13 % 11 % 8 % 6 % 6 % 4 % 4 % 4 % 3 % 3 % 23 Care Property Invest Our portfolio 30 September 2026 30 September 2025
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Building a Caring Future Together www.carepropertyinvest.be Strategic focus Building a caring future together 03
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Tekengebied 1 Europa Strategic focus: moving within strategic boundaries 2026-2027 Focus remains on 4 existing geographic markets for new growth Belgium, The Netherlands, Spain and Ireland • Attract new opportunities within strict boundaries in current market circumstances: • New projects investments must be ‘EPS accretive’ in 3 years time • Accelerate growth whenever financially relevant: agile approach when market sentiment improves Focus on strong financial structure and interest risk management • Sound hedging policy , though allowing for interest risk management opportunities (hedge ratio Q3 2026: 93.5%) • Average tenor of outstanding debt of 4.42 years Average tenor of outstanding hedges of 5.55 years • Diversified borrower base and amortisation of debt portfolio well spread over time • Available, though no excessive credit lines allow for growth • Leverage below 50% (RREC Law)/ EPRA L TV 48% • Company received investment grade rating BBB- from Fitch ratings Strong focus on cost management and operational excellence • Increased cash operating margin: 88% • ERP implementation ongoing Dividend stability for shareholders 25 Care Property Invest Our strategic focus
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Fleet electrification ESG remuneration Sustainability highlights Validated targets by SBTi Scope 1 and scope 2 GHG emission reduction by 42% by 2030 (base year 2022). Net-zero objective for 2050 – Scope 1, scope 2 and scope 3 emission reduction by 90% by 2050 (base year 2022). Energy Efficiency target 110 kWh/m2 CP Invest commits to reach an average energy efficiency of 110 kWh/m 2 by 2030 (1). 127(2) kWh/m2 +1% yoy Energy efficiency remained broadly stable as 2025 focused on consolidating data maturity and portfolio insights, forming the basis for targeted improvement measures in the coming years. (1) Excluding initial portfolio (2) Slight adjustments to the energy efficiency may occur pending new data prior to our FY 2025 annual report Peer review 2025 2024 Care Property Invest 127 kWh/m2 126 kWh/m2 Peer 1 140 kWh/m 2 143 kWh/m 2 Peer 2 148 kWh/m 2 154 kWh/m 2 ESG remuneration 35% 35% of the total pay-out of management’s long-term incentive is subject to ESG criteria and is paid out if the Company’s long-term sustainability goals are achieved. 25% 25% of the short-term incentives are directly linked to ESG performance, ensuring that sustainability remains a core focus in driving immediate business success. Recent building portfolio (average age) (1) Investment properties 11.2 years (1) Finance leases 20.5 years Recently constructed and energy- efficient investment properties reduce the risk of stranded assets (1). (1) The finance leases mainly comprise CP Invest’s initial portfolio which represent 15% of the entire portfolio (based on fair value). Upon expiry of the building right under finance leases, the building becomes property of the landowner by accession, subject to any contractual end-of-right compensation. Fleet electrification 44% +38% yoy Today, 44% of our fleet is fully electrified. CP Invest aims to achieve a fully electric vehicle fleet by 2027. 26 Care Property Invest Our strategic focus
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CO/uni2082 emissions 2024 2030 2040 2050 Net Zero TRANSITION PLAN TOWARDS NET-ZERO 2050 27 Care Property Invest Our strategic focus Sustainability reporting Our Sustainability Strategy Built around three commitments: 1. Investing in Sustainable Buildings 2. Building Lasting Relationships 3. Leading Through Ethical Practices Commitment Beyond Regulation While the Company is not subject to any sustainability reporting obligations, we monitor regulatory developments closely and will act accordingly to ensure compliance. We will continue to integrate sustainability into our operations and investment decisions, maintaining our long-term focus on responsible real estate. We believe clear and consistent reporting is essential to stakeholder trust, risk management and long- term value creation. Transition Plan Towards Net-Zero Building-specific roadmaps will guide targeted decarbonisation measures to improve energy efficiency and substantially reduce operational emissions. This structured approach supports our long-term objective of achieving a net-zero portfolio by 2050. ‘Our commitment to energy efficiency, demonstrated by our actual performance, not only supports the long-term value of our portfolio but also accelerates our path towards a net- zero future by 2050, underpinned by ambitious action plans and ongoing energy audits.’ – Filip Van Zeebroeck, CFO
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Cybersecurity and ICT Update IT - and Cyber Security improvements are focus points in the ongoing digital transition. • Providing security awareness for all employees via trainings and test • All information is stored on secured cloud servers within Europe • Adding a Security Operations Center which facilitates a team of security professionals who monitor, analyse and respond to security incidents or threats in our organization, preventing security breaches • Further implementing the European NIS-2 directive and also awareness trainings • IT infrastructure has been upgraded to best in class hardware solutions IT-compliance and -governance • No ‘bring your own device’ policy. All devices are managed through mobile device management and need to meet our security standards, software, and own bought IT-hardware, else the computer or mobile phone will not be able to access company data • Business continuity and disaster recovery plans are in place and yearly validated • Implementing a new cloud-based ERP-solution, facilitating a single source of truth moving away from scattered data 28 Care Property Invest Our strategic focus
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Building a Caring Future Together www.carepropertyinvest.be Financial information Figures and guidance 04
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NV • OPENBARE BE VA K NAAR BELGISCH RECH T Q3 2026 Figures Operational KPI’s Average indexation 2026: 2.44% Occupancy rate: 100% - stable average real occupancy rate: 94.57% at 30 June 2026 We dispose of a well–managed portfolio of assets in well-chosen geographies Good solvency and liquidity EPRA L TV: 47.63% Very limited future cash – out committed developments: 7.8 MEUR Stable valuation portfolio: -0.04% FV YTD 2026. Available capacity on credit lines as at 30/09/2026: 86 MEUR Guidance 2026: Sustained dividend EPS outlook 2026: 1.13 EUR Stable DPS outlook 2026: 1.00 EUR Increase in rental income from 73.9 MEUR to 82.0 MEUR (+11%) 30 Care Property Invest Figures and guidance
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Period closed on 30 September - in K EUR 2026 Var 2025 Var 2024 Net rental result 61,445 11.84% 54,939 5.70% 51,979 Real estate operating result 61,438 11.88% 54,916 5.67% 51,968 General expenses and other operating result (cash) -7,305 -15.49% -6,325 6.59% -6,771 Operating cash result 54,133 11.41% 48,591 7.51% 45,196 Financial income 1 2 5 Financial expenses -16,022 -14.46% -13,998 2.10% -14,297 Financial result excl. changes in fair value of financial instruments -16,021 -14.47% -13,995 2.08% -14,292 Adjusted EPRA earnings before taxes 38,112 10.17% 34,595 11.94% 30,904 Taxes -1,079 -1,417 -703 Adjusted EPRA earnings 37,033 11.62% 33,178 9.86% 30,202 The weighted average number of shares issued 42,273 36,989 36,989 Adjusted EPRA earnings per share based on weighted average outstanding shares 0.88 -2.33% 0.90 9.86% 0.82 Adjusted EPRA earnings 37,033 33,178 30,202 Profit- or loss margin on projects attributed to the period -595 -615 -578 Depreciation and (reversal of) amortisation -456 -308 -465 EPRA earnings 35,982 32,255 29,159 Changes in fair value of real estate investments (+/-) -918 1,588 -2,130 Changes in fair value of financial instruments (+/-) 19,638 3,001 -4,334 Deferred Taxes -3 -440 12 Net result / Global result 54,699 36,404 22,707 (1) Current expression: Global result statement. Key figures P&L Statement Growth rental income due to Welfare acquisition Cash operating margin 88%. Increase despite one off reversal of an accrual for 960 KEUR in 2025 Recurring tax optimisation in the Netherlands 31 Care Property Invest Figures and guidance
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In million EUR Rental income € 0.00 € 10.00 € 20.00 € 30.00 € 40.00 € 50.00 € 60.00 € 70.00 Rental Income Sept YTD 2025 Belgium The Netherlands Spain Ireland Rental Income Sept YTD 2026 € 54.94 € 5.57 € 0.49 € 0.49 € 0.10 € 61.59 Change : BE NL ES IE Total Change : 15.36% 4.88% 10.86% 2.53% 12.11% Like-for-like change : -1.37% +3.17% +2.71% +2.53% +0.06% 32 Care Property Invest Figures and guidance
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€ 0 € 10,000 € 20,000 € 30,000 € 40,000 € 50,000 € 60,000 € 70,000 Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025 Q3 2026 72 % 58 % 52 % 45 % 37 % 31 % 27 % 26 % 24 % 20 % 28 % 42 % 48 % 55 % 63 % 69 % 73 % 74 % 76 % 80 % Rental income Investment propertiesFinance leasesBreakdown (in K €) Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025 Q3 2026 Investment properties € 4.145 € 7.833 € 10.545 € 14.728 € 19.904 € 27.410 € 35.691 € 38.684 € 41.746 € 49.112 Finance leases € 10.411 € 10.808 € 11.347 € 11.832 € 11.900 € 12.427 € 13.319 € 13.294 € 13.193 € 12.483 Total rental income € 14.556 € 18.642 € 21.892 € 26.560 € 31.804 € 39.837 € 49.010 € 51.979 € 54.939 € 61.595 Note: in addition to the PCSWs (OCMW’s) in the historical portfolio, there are leases with non-profit organisations (vzw’s/NPOs) in place as well. Additionally, three other leases were concluded and are not part of the historical portfolio. 33 Care Property Invest Figures and guidance
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Key figures balance sheet Consolidated in K EUR Q3 2026 FY 2025 FY 2024 Receivables financial leases 162,659 165,814 166,440 Trade payables related to fixed assets 6,770 7,365 8,192 Investment properties 1,178,273 1,175,906 1,015,282 Other assets not included in debt ratio 34,844 22,214 20,487 Other assets included in debt ratio 19,372 17,538 12,680 Cash & cash equivalents 1,981 3,526 2,866 Total assets 1,403,898 1,392,363 1,225,947 Equity 720,591 703,286 626,888 Financial debt & liabilities included in debt ratio 671,545 670,432 575,411 Other liabilities not included in debt ratio 11,762 18,645 23,648 Total equity and liabilities 1,403,898 1,392,363 1,225,947 Debt ratio 49.05% 48.93% 47.73% Stable like-for-like valuations compared to 31 December 2025. 34 Care Property Invest Figures and guidance
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Like-for-like portfolio valuation −0.7 % −0.6 % −0.5 % −0.4 % −0.3 % −0.2 % −0.1 % 0 % 0.1 % 0.2 % 0.3 % 0.4 % 0.5 % Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 0.4 % −0.3 % 0.1 % 0.04 % 0.0 % 0.14 % −0.18 % Average overall valuation yield of 5.75% 35 Care Property Invest Figures and guidance
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Valuation yields P1 = Q3/2025 % 5.82% P2 = Q4/2025 P3 = Q1/2026 P4 = Q2/2026 P5 = Q3/2026 0.00 % 1.00 % 2.00 % 3.00 % 4.00 % 5.00 % 6.00 % 7.0 0 % 5.49 % 5.70 % 5.81 % 5.96 % 5.66 % 5.47 % 5.72 % 5.76 % 5.94 % 5.63 % 5.55 % 5.84 % 5.81 % 6.06 % 5.72 % 5.58 % 5.88 % 5.56 % 6.08 % 5.73 % 5.59 % 5.91 % 5.54 % 6.15 % 5.75 % Belgium The Netherlands Spain Ireland Average P1 P2 P3 P4 P5 P1 P2 P3 P4 P5 P1 P2 P3 P4 P5 P1 P2 P3 P4 P5P1 P2 P3 P4 P5 36 Care Property Invest Figures and guidance
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EPRA L TV Tekengebied 33 Debt ratio under control 2023 HY 2024 2024 HY 2025 2025 Q3 2026 FC 2026 2023 HY 2024 2024 HY 2025 2025 Q3 2026 FC 2026 0 % 10 % 20 % 30 % 40 % 50 % 60 % 43.55 % 46.36 % 45.40 % 47 .31 % 47.1 4 % 47.6 3 % 47.0 9 % Debt Ratio Under control 37 Care Property Invest Figures and guidance
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CPI’s hybrid business model results in an overstated EPRA LTV compared to peers • From an economic perspective, the Company’s finance lease portfolio should be viewed as a portfolio of receivables supported by government-backed cash flows. • Due to the predictable nature and high repayment certainty of these receivables, these investments are generally structured using approximately 70% debt financing and 30% equity capital. EPRA L TV investment property: • Net debt: 519.1 MEUR • Property value: 1,184.4 MEUR • LT V: 43.83% Total EPRA L TV: • Net debt: 659.9 MEUR • Property value: 1,385.6 MEUR • LT V: 47.63% EPRA L TV finance leases: • Net debt: 140.8 MEUR • Property value: 201.2 MEUR • LT V: 70.00% 38 Care Property Invest Figures and guidance
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Financial headroom Debt ratio Debt ratio of 49.05% (RREC-law) gives margin: EPRA L TV of 47.63% gives margin: Up to 45%: for €-66.2 million Up to 50%: for €65.8 million Up to 50%: for €26.0 million Up to 60%: for €374.8 million (covenant credit contracts) Up to 65%: for €624.0 million (RREC-Royal Decree) Future cash-out committed developments as at 30 September 2026: €7.8 million (Alicante) 39 Care Property Invest Figures and guidance
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Debt Maturity Wall in KEUR (1) The outstanding amount of short-term commercial paper and drawdowns on back-up facilities to cover commercial paper that has not been rolled over as at 30 September 2026 are not included in this maturity wall (€84.0 million). Bonds Undrawn credit lines Bank loans/facilities The undrawn credit lines also include the specific back- up lines within the framework of the MTN program. Contractually, 100% of the outstanding CP must be covered. After the end of the third quarter, an existing €60 million credit line with ABN AMRO, originally maturing in the third quarter of 2027, was extended until 2030. The effect of this agreement is included in the graph. For the funds which can be 'rolled over' at the unilateral request of CP Invest, the expiry date of the credit facility is considered as the repayment date. € 0 € 50,000 € 100,000 € 150,000 € 200,000 € 250,000 S2 2026 S1 2027 S2 2027 S1 2028 S2 2028 S1 2029 S2 2029 S1 2030 S2 2030 S1 2031 S2 2031 > 2031 57 ,000 25,000 44,500 500 4,500 1,500 1,500 7 ,500 10,000 500 1,452 17 ,996 4,335 54,990 20,895 37 ,944 181,091 78,645 31,919 51,199 2,222 74,254 S2 2026 S1 2027 S2 2027 S1 2028 S2 2028 S1 2029 S2 2029 S1 2030 S2 2030 S1 2031 S2 2031 > 2031 57,000 25,000 44,500 500 4,500 1,500 1,500 7,500 10,000 500 1,452 17,996 4,335 54,990 20,895 37,944 181,091 78,645 31,919 51,199 2,222 74,254 40 Care Property Invest Figures and guidance
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0 100 200 300 400 500 600 700 2020 2021 2022 2023 2024 2025 Q3 2026 326.9 423.3 580.9 540.7 563.5 659.3 660.8 2020 2021 2022 2023 2024 2025 Q3 2026 0 % 0.5 % 1 % 1.5 % 2 % 2.5 % 3 % 3.5 % 4 % 4.5 % 5 % 2.31 % 2.01 % 1.90 % 2.90 % 3.22 % 3.11 % 3.11 % Weighted average interest rate over the periodNet debt in million EUR Weighted average debt maturity (incl. CP): 4.42 years Weighted average IRS maturity: 5.55 years Weighted average interest rate and outstanding debts Weighted average interest rate over the period for the legacy portfolio: 4.22% Weighted average interest rate over the period for the new portfolio: 2.94% 41 Care Property Invest Figures and guidance
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Floating rate debt not hedged Floating rate debt hedged - CAP Fixed rate debt Floating rate debt hedged - IRS 0 % 20 % 40 % 60 % 80 % 100 % Q3 2026 FY 2026 FY 2027 FY 2028 FY 2029 19.45 % 19.26 % 16.23 % 14.01 % 9.43 % 56.68 % 56.66 % 75.77 % 74.96 % 65.05 % 17 .37 % 17 .37 % 4.53 % 6.50 % 6.71 % 3.47 % 11.04 % 25.53 % Financial obligations Hedge ratio - future evolution 93.5% of debt hedged by interest rate swaps, caps or fixed rate debt as at 30 September 2026 Interest rate hedge based on an equal credit portfolio (as at 30/09/2026) Weighted average IRS maturity: 5.55 years 42 Care Property Invest Figures and guidance
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€595m 90% €46m 7% €21m 3% €595m 90% €46m 7% €21m 3% Bank loans/ facilities Commercial paper Bonds Debt structure Commercial paper (7%) • Short-term CP program of max. 200 MEUR fully hedged • Current margin 55 bps • Current market conditions are making it increasingly challenging to roll over existing commercial paper. • ABN AMRO was appointed as a third dealer to attract more international investors Bonds (3%) • Spread maturities to 2030 • 5 bonds Loans (90%) • With 9 different highly regarded banks • 726 MEUR of committed lines of credit, including 2 sustainable loans (105 MEUR) and 6 sustainable-linked loans (131,5 MEUR). • Weighted average margin on rollovers of 109 bps • 131.5 MEUR of undrawn lines of which 46 MEUR are reserved as back up for the CP program 43 Care Property Invest Figures and guidance 30 September 2026
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Interest coverage ratio Bank covenant limit CPInvest Net financial debt/ EBITDA Net financial debt EBITDA and interest coverage ratio Interest Coverage Ratio: This is the operating result before the result on portfolio divided by the interest charges paid. Tekengebied 27 EBITDA and interest coverage ratio 0 2 4 6 8 10 12 14 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 8.9 6.9 9.7 10.3 10.7 11.9 13.5 10.2 9.6 9.4 9.3 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 0 % 0.5 % 1 % 1.5 % 2 % 2.5 % 3 % 3.5 % 4 % 4.5 % 5 % 2.7 4.1 3.8 4.2 4.3 4.5 4.3 3.4 3.2 3.5 3.4 2.0 x (1) EBITDA was normalised, whereby the impact of the acquisition of Welfare Estates was annualised. (1) 44 Care Property Invest Figures and guidance
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Building a Caring Future Together www.carepropertyinvest.be Share and shareholders A solid dividend investment 05
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Care Property Invest Total return Care Property Invest Care Property Invest Linear Total Return FTSE EPRA Nareit developed Europe Index BEL 20 index Total Return Turning dividends into durable perfomance - since 1996 Total return of the share (incl. reinvestment of dividends) since IPO: 707% Attractive risk-return profile Annual total return (2) Consistent long-term returns underline robust performance Annual average inflation Belgium (3) 0.63 1.00 7.05% 7.53% 2.30% (1) The performance graph covers the period from IPO date, 7 February 1996, to 30 September 2026. The total performance of the FTSE EPRA exclude dividend reinvestment. (2) Annualized total return (including reinvestment of dividends) since CP Invest IPO date. (3) Average monthly inflation from the ECB data portal for the period January 1996 until December 2025 Performance (1) 828% 707% 96% 46 Care Property Invest Share and shareholders
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€ 0.66 € 0.65 € 0.74 € 0.86 € 0.92 € 0.99 € 1.06 € 1.24 € 1.03 € 1.07 € 1.16 € 1.13 (1) (1) (1) (1) (2) (3) 0 0.2 0.4 0.6 0.8 1 1.2 1.4 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 € 0.63 € 0.63 € 0.68 € 0.72 € 0.77 € 0.80 € 0.87 € 1.00 € 1.00 € 1.00 € 1.00 € 1.00 Adjusted EPRA earnings per share (€/share) Gross dividend (in €/share) EPS and DPS evolution A gross dividend of €1.00/share was agreed by the general meeting for financial year 2025 and CPI aims to keep this stable for 2026. The gross dividend yield amounts to 8.17% based on Q3 2026 figures. Dividends are subject to 15% WHT. (1) Earnings per share on the rise, despite 2 capital increases in 2019 totalling €23 million (capital + share premium) and 3 capital increases in 2020 totalling €99 million (capital + share premium), 2 capital increases in 2021 totalling €68 million (capital + share premium) and 2 capital increase in 2022 totalling €18 million (capital + share premium). (2) Decrease in earnings per share, due to creation of additional shares by capital increase on 24 January 2023 of €108 million (capital + share premium). (3) Outlook. Decrease in earnings per share, due to creation of additional shares by capital increase on 15 December 2025 of €54 million (capital + share premium) 47 Care Property Invest Share and shareholders
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FY2015 HY2016 FY2016 HY2017 FY2017 HY2018 FY2018 HY2019 FY2019 HY2020 FY2020 HY2021 FY2021 HY2022 FY2022 HY2023 FY2023 HY2024 FY2024 FY 2025 Q3 2026 € 0 € 2 € 4 € 6 € 8 € 10 € 12 € 14 € 16 € 18 € 20 € 22 € 24 € 26 € 28 € 30 12.24 17 .12 Evolution stock price and EPRA NTA Stock price EPRA NTA 48 Care Property Invest Share and shareholders
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Belgium Luxemburg United Kingdom France Switzerland United States Germany The Netherlands Other 72.1 % 9.2 % 4.3 % 4.3 % 2.7 % 2.3 % 2 % 1.9 % 1.2 % International and Diversified Shareholder Base 100% free float • Institutional Shareholders: 37.0%. • Private Shareholders: 57.2%. • Unidentified Shareholders: 5.8%. 49 Care Property Invest Share and shareholders
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Building a Caring Future Together www.carepropertyinvest.be Key investment highlights 06
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Key investment highlights 1 Sound financial management 2 Operational excellence 3 Long-term view on value creation 4 Opportunistically explore options to create shareholder value 5 Ready to accelerate growth if good opportunities arise 51 Care Property Invest Key investment highlights
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Thank you Building a Caring Future Together www.carepropertyinvest.be
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30/09/2026 Key Presentation Q3 2026
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€1.38 bn fair value real estate portfolio Some key figures as at 30/09/2026 100% occupancy rate 12.8 years average remaining duration of contracts €0.88 EPS or adjusted EPRA earnings per share €1.00 proposed dividend per share 8.17% current gross dividend yield = 1 Accelerated growth in the fair value of the portfolio over recent years, in € million Finance leases (IFRS 16) Investment properties (IAS 40) 0 200 400 600 800 1,000 1,200 1,400 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 217 (99%) 222 (74%) 245 (74%) 232 (74%) 249 (48%) 287 (45%) 288 (35%) 268 (27%) 197 (17%) 242 (19%) 225 (18%) 215 (15%) 201 (15%) 202 (46%) 271 (52%) 357 (55%) 534 (65%) 718 (73%) 934 (83%) 1,004 (81%) 1,015 (82%) 1,176 (85%) 1,178 (85%) 2 (1%) 50 (18%) 85 (26%) -2,3% -1%
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Who we are Care Property Invest, founded in 1995 under the name Serviceflats Invest, was the first Belgian publicly listed investor specialising in healthcare real estate (RREC). Building on the expertise we gained from delivering 1,988 service flats on the public market, we now invest in high‑quality real estate solutions for seniors and people with disabilities. We acquire, construct and renovate care properties and support care operators in developing their projects in the most efficient way and at the best possible cost. We do this in the most sustainable way, supported by a solid organisation and always fully tailored to the needs of the end users. In this way, we ensure future residents enjoy both care security and living comfort. At the same time, we want to ensure that our shareholders realise the returns they deserve. Care Property Invest aims for an attractive long‑term return. Because our portfolio consists entirely of healthcare real estate, shareholders benefit from a reduced withholding tax of 15%. 2
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Where we operate In recent years, Care Property Invest has developed a portfolio of 158 healthcare real estate projects across four European countries, representing a total investment value of €1.38 billion. IRELAND 7 healthcare projects €94 m fair value 28 healthcare projects €248 m fair value BELGIUM 114 healthcare projects €905 m fair value SPAIN 9 healthcare projects €132 m fair value 3 THE NETHERLANDS
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Europe is facing a major demographic challenge. In the decades ahead, the number of elderly people requiring care — and thus the demand for high‑quality care infrastructure — will continue to rise sharply. Care Property Invest aims to provide an appropriate response to this growing need. 2016 2021 2026 2031 2036 2041 2046 2051 0 20 40 60 80 100 Demographic evolution European population 85+ 65‑85 0‑64 +252%+239% +135% Europe is ageing Care Property Invest supports initiators in developing their plans efficiently and at the best possible terms. In doing so, we aim to guarantee future residents care security and living comfort, while ensuring that our shareholders realise the returns they deserve. 4
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Sustainable strategy, sustainable growth Public limited company Horstebaan 3, 2900 Schoten, Belgium BE 0456 378 070 Public RREC under Belgian Law Contact Filip Van Zeebroeck (CFO) filip.vanzeebroeck@carepropertyinvest.be +32 (0)3 222 94 94 www.carepropertyinvest.be Our strategy is built on sustainability — not only in our internal operations and project development, but also in the long‑term growth of our share. In September 2026, the Company received an EPRA sBPR Gold Award for the fifth consecutive year for its sustainability reporting. 5 Share data Listing ISIN ICB Bloomberg Shares issued Share price Market cap. Credit Rating Fitch Euronext ‑ Comp. B. BE 0974 273 055 8673 ‑ Residential REIT’s CPINV BB 42,272,952 €12.24 (as at 30/09/2026) €517 million (as at 30/09/2026) BBB‑ with a stable outlook