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FINANCIAL RESULTS H1 2026 Aug. 4 , 2026 alstria
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB DISCLAIMER Financial results H1 2026 2 Cautionary note regarding forward-looking statements The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, general economic conditions, including in particular economic conditions in the alstria’s core business and core markets, general competitive factors, the impact of acquisitions, including related integration issues, and reorganization measures. Furthermore, the development of financial markets, interest rate levels, currency exchange rates, as well as national and international changes in laws and regulations, in particular regarding tax matters, can have a corresponding impact. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. No duty to update The company assumes no obligation to update any information contained herein.
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB Balance sheet EPRA NTA: EUR 14.09 per share (FY 2025: EUR 13.85 per share) Net LTV (balance sheet): 54.6% (FY 2025: 54.9%) 3 BESENBINDERHOF 41, HAMBURG SOLID OPERATING RESULT IN H1 2026 Leasing volume New leases: 30,100 m² (H1 2025: 51,000 m²) Lease extensions: 48,500 m² (H1 2025: 65,200 m²) Revenues and FFO Revenues: EUR 95.1 million (-2.3% yoy) FFO: EUR 39.4 million (+37.0% yoy) Transactions Disposal of three non-core assets in Mannheim, Dreieich and Hamburg for EUR 64.0 million Financial results H1 2026
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB PORTFOLIO OVERVIEW 4 ALSTRIA′S PORTFOLIO Investment volume: EUR 4.3bn Number of assets: 103 Lettable area: 1.4m m² Hamburg (headquarters) EUR 1,371m 32 assets 370k m² EUR 64m Berlin EUR 330m 11 assets 94k m² EUR 12m Düsseldorf EUR 1,104m 30 assets 420k m² EUR 59m Frankfurt EUR 965m 22 assets 290k m² EUR 45m Stuttgart EUR 516m 8 assets 212k m² EUR 19m Contractual rent: EUR 199 m WAULT EPRA vacancy rate 5.7 years 9.2% Contractual rent EUR 199 million * Including assets held for sale. ** Yield reflects the ratio between the contractual rent and the market value of the portfolio. Financial results H1 2026 Value per m² Valuation yield** EUR 3,100 4.7% Real Estate Portfolio: EUR 4.3 bn* Avg. size per asset: 13,500 m² Avg. value per asset: EUR 41.6 million
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB LETTING OVERVIEW 5 30,100 m² 48,500 m² LETTING VOLUME H1 2026: 78 ,600 m²* (vs. 116,200 m² in H1 2025) Lease extensions WAULT: 3.4 years Avg. size: 1,470 sqm 30.4 m 26.2 m New leases Lease extensions FUTURE INCOME SECURED * H1 2026: EUR 56.6 m (vs EUR 111.9 m in H1 2025) CAGR: 3.3% *Thereof 59,700 m2 of office space. 12.25 12.62 12.93 13.30 14.06 14.61 15.23 15.48 15.91 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 AVERAGE RENT* in EUR per m² *Average rent of let office space New leases WAULT: 5.6 years Avg. size: 530 sqm Financial results H1 2026 * Turnover rents are not included
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB DISPOSAL STRATEGY SHARPENING THE PORTFOLIO 6 SIGNED SPAS No. of assets 3 Combined disposal price EUR 64.0 m Avg. disposal price (per m²) EUR 2,725 Combined lettable area 23,500 m² Avg. difference to book value -5% Sale yield 6.4% Unlevered IRR / Unlevered multiple 4.3% / 1.6x Financial results H1 2026 Business as Usual 1 asset, sold at book value (4.4% yield). User-specific Properties 1 asset, sold at 5% discount (5.7% yield). Periphery Assets 1 asset, sold at 9% discount (9.6% yield).
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB SELECTED PROFIT & LOSS POSITIONS Financial results H1 2026 7 97,394 95,143 H1 2025 H1 2026 GROSS RENTAL INCOME in EUR k - -2.3% 28,748 39,382 H1 2025 H1 2026 FUNDS FROM OPERATIONS (FFO)** in EUR k 37.0% H1 2025 H1 2026 SG&A in EUR k 10.6% FFO margin 41.4% (29.5%*) *as of Jun. 30, 2025 ** FFO is calculated on a pretax basis -15,438 -17,070 New FFO Guidance EUR 74m (before EUR 53m)
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB SG&A MOVEMENTS Financial results H1 2026 8 P&L View 17,070 -815 -817 15,438 SG&A H1 26 Margin Top-up advisors Office Rent SG&A H1 25 SG&A Bridge in EUR k Margin Top-up - 815 Share in equity accounted investments 741 P&L Impact - 74 in EUR k Revenues 817 Advisory and asset management expenses - 817 P&L Impact -
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB SELECTED BALANCE SHEET POSITIONS Financial results H1 2026 9 4,249 4,228 Dec. 31, 2025 Jun. 30, 2026 INVESTMENT PROPERTY** in EUR million -0.5% 2,450 2,460 Dec. 31, 2025 Jun. 30, 2026 NET FINANCIAL DEBT in EUR million 0.4% 1,657 1,687 Dec. 31, 2025 Jun. 30, 2026 EQUITY in EUR million 1.8% EPRA NTA per share EUR 14.09 (EUR 13.85*) *As of Dec. 31, 2025. ** Excluding assets held for sale (EUR 64.0 m).
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB 2,450 2,460 Dec. 31, 2025 Jun. 30, 2026 NET FINANCIAL DEBT in EUR million FINANCIAL DEBT OVERVIEW *as of Dec. 31, 2025. 10 Cost of debt incl. hedges 2.6% (2.4%*) Net LTV 54.6% (54.9%*) Avg. debt maturity 3.7 years (3.7 years*) COMPOSITION OF DEBT Nominal amount (EUR k) Cost of debt (%) Avg. maturity (years) Bonds 1,091,300 2.4 4.0 Bank debt 1,512,038 2.8 3.5 Total 2,603,338 2.6 3.7 Cash ‒ 143,255 Net debt 2,460,083 Financial results H1 2026 Undrawn RCF EUR 200m (EUR 200m*) - 200 400 600 800 1,000 Next 12 Months Year 1 - 2 Year 2 - 3 Year 3 - 4 Year 4 - 5 After Year 5 in EUR m DEBT MATURITY PROFILE Loans Bonds
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB SELECTED CREDIT KPI’S Financial results H1 2026 11 137.0 138.9 Dec. 31, 2025 Jun. 30, 2026 Consolidated Adjusted EBITDA** in EUR million 1.4% 1,899 1.823 Dec. 31, 2025 Jun. 30, 2026 UNENCUMBERED ASSETS in EUR million -4.0% ** Consolidated Adjusted EBITDA in the respective most recent four consecutive quarters ending before the reporting date as defined in the company bonds T&C. *** Consolidated Adjusted EBITDA / Net cash interest. Net LTV 54.6% (54.9%)* Debt/(Debt+Equity) Standalone 59.3% (59.6%)* 2.4 2.6 Dec. 31, 2025 Jun. 30, 2026 Consolidated Coverage Ratio*** 0.2pp * As per Dec. 31, 2025 Net debt / EBITDA 17.7x (17.9x)* Covenant limit: 1.8
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#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB OUTLOOK • Financial guidance: Revenues of EUR 192 million confirmed and increase of FFO from EUR 53 million to EUR 74 million mainly due to the implemented interest hedging strategy. • Given the uncertainties caused by the global energy crisis, possible pick-up of inflation and a weak economic outlook markets are still expected to remain challenging in 2026. • The leasing market remains at its current pace, with strong differentiation made by tenants on the quality/amenities of the assets. • Despite overall economic uncertainty we are seeing improved dynamics in the investment market for assets below EUR 30 m, with EUR 64 m of disposals signed ytd.