Slides
Page 1
#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB November 4, 2026 FINANCIAL RESULTS 9M 2026
Page 2
#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB DISCLAIMER Financial results 9M 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.
Page 3
#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 14.32 per share (FY 2025: EUR 13.85 per share) Net LTV (balance sheet): 54.2% (FY 2025: 54.9%) 3 BESENBINDERHOF 41, HAMBURG 9M RESULT ON PLAN Leasing volume New leases: 43,800 m² (9M 2025: 83,000 m²) Lease extensions: 68,200 m² (9M 2025: 125,800 m²) Revenues and FFO Revenues: EUR 143.1 million (-2.1% yoy) FFO: EUR 60.1 million (+50.4% yoy) Transactions Disposal of four assets in Mannheim, Dreieich, Hamburg and Düsseldorf for EUR 86.9 million Financial results 9M 2026
Page 4
#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: 102 Lettable area: 1.4m m² Hamburg (headquarters) EUR 1,350m 31 assets 360k m² EUR 63m Berlin EUR 333m 11 assets 94k m² EUR 12m Düsseldorf EUR 1,110m 30 assets 420k m² EUR 59m Frankfurt EUR 972m 22 assets 291k m² EUR 46m Stuttgart EUR 520m 8 assets 212k m² EUR 19m Contractual rent: EUR 199 m WAULT EPRA vacancy rate 5.5 years 8.9% 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 9M 2026 Value per m² Valuation yield** EUR 3,100 4.6% Real Estate Portfolio: EUR 4.3 bn* Avg. size per asset: 13,500 m² Avg. value per asset: EUR 42.0 million
Page 5
#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB LETTING OVERVIEW 5 43,800 m² 68,200 m² LETTING VOLUME 9M 2026: 112 ,000 m²* (vs. 208,800 m² in 9M 2025) Lease extensions WAULT: 2.8 years Avg. size: 1,480 sqm 43.9 m 32.8 m New leases Lease extensions FUTURE INCOME SECURED * 9M 2026: EUR 76.7 m (vs EUR 161.5 m in 9M 2025) CAGR: 3.3% *Thereof 86,700 m2 of office space. 12.25 12.62 12.93 13.30 14.06 14.61 15.23 15.48 15.95 2018 2019 2020 2021 2022 2023 2024 2025 9M 2026 AVERAGE RENT* in EUR per m² *Average rent of let office space New leases WAULT: 5.5 years Avg. size: 520 sqm Financial results 9M 2026 * Turnover rents are not included
Page 6
#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 4 Combined disposal price EUR 86.9 m Avg. disposal price (per m²) EUR 2,800 Combined lettable area 31,200 m² Avg. difference to book value -5% Sale yield 6.4% Unlevered IRR / Unlevered multiple 4.5% / 1.5x Financial results 9M 2026 Business as Usual 1 asset, sold at book value (4.4% yield). User-specific Properties 2 assets, sold at 5.6% discount (6.0% yield). Periphery Assets 1 asset, sold at 9.3% discount (9.6% yield).
Page 7
#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 9M 2026 7 146,233 143,127 9M 2025 9M 2026 GROSS RENTAL INCOME in EUR k -2.1% 39,929 60,059 9M 2025 9M 2026 FUNDS FROM OPERATIONS (FFO)** in EUR k 50.4% 9M 2025 9M 2026 SG&A in EUR k -7.0% FFO margin 42.0% (27.3%*) *as of Sep. 30, 2025 ** FFO is calculated on a pretax basis -25,168 -23,404
Page 8
#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 9M 2026 8 4,249 4,224 Dec. 31, 2025 Sep. 30, 2026 INVESTMENT PROPERTY** in EUR million -0.6% 2,450 2,434 Dec. 31, 2025 Sep. 30, 2026 NET FINANCIAL DEBT in EUR million -0.7% 1,657 1,733 Dec. 31, 2025 Sep. 30, 2026 EQUITY in EUR million 4.6% EPRA NTA per share EUR 14.32 (EUR 13.85*) *As of Dec. 31, 2025. ** Excluding assets held for sale (EUR 65.3 m).
Page 9
#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB 2,450 2,434 Dec. 31, 2025 Sep. 30, 2026 NET FINANCIAL DEBT in EUR million FINANCIAL DEBT OVERVIEW *as of Dec. 31, 2025. 9 Cost of debt incl. hedges 2.7% (2.4%*) Net LTV 54.2% (54.9%*) Avg. debt maturity 3.2 years (3.7 years*) COMPOSITION OF DEBT Nominal amount (EUR k) Cost of debt (%) Avg. maturity (years) Bonds 1,091,300 2.4 3.5 Bank debt 1,495,113 2.9 3.0 Total 2,586,413 2.7 3.2 Cash ‒ 152,354 Net debt 2,434,059 Financial results 9M 2026 Undrawn RCF EUR 200m (EUR 200m*) Cost of debt excl. hedges 4.2% (3.8%*) 0 500 1,000 next 12 months Year 1-2 Year 2-3 Year 3-4 Year 4-5 after Year 5 Loans Bonds MATURITY PROFILE (in EUR million)
Page 10
#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 9M 2026 10 137.0 143.8 Dec. 31, 2025 Sep. 30, 2026 Consolidated Adjusted EBITDA** in EUR million 4.9% 1,899 1.927 Dec. 31, 2025 Sep. 30, 2026 UNENCUMBERED ASSETS in EUR million 1.5% ** 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 54.2% (54.9%)* Debt/(Debt+Equity) Standalone 58.4% (59.6%)* 2.4 3.1 Dec. 31, 2025 Sep. 30, 2026 Consolidated Coverage Ratio*** 0.7pp * As per Dec. 31, 2025 Net debt / EBITDA 16.9x (17.9x)* Covenant limit: 1.8 S&P Rating Bonds: BB Outlook: stable
Page 11
#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB SUSTAINABILITY Financial results 9M 2026 11 Publication of EPRA sustainability data 2025 More information: https://alstria.eu/ sustainability #performance 11
Page 12
#000000 #575757 #868686 #9B9B9B #C6C6C6 #D9D9D9 #ECECEC #008773 #199381 #40A596 #73BDB2 #A6D5CE #CCE7E3 #EDF7F5 #F08700 #F09A26 #F5B155 #F7C382 #FAD5A5 #FAE8CD #FFF7EB SUSTAINABILITY Financial results 9M 2026 Publication of EPRA sustainability data 2025 More information: https://alstria.eu/ sustainability #performance 12
Page 13
#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 and FFO of EUR 74 million confirmed. • 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 and 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 87 m of disposals signed YTD.