PCT H2 2026 Results Presentation

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FY26 Annual Result Presentation 27 August 2026

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Precinct Properties - FY26 Annual Result 2 Agenda  Section 1: Highlights and key themes  Section 2: Our Strategy  Section 3: Financial performance  Section 4: Capital partnering and investment update  Section 5: Portfolio update  Section 6: Development update  Section 7: Summary Appendices

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Precinct Properties - FY26 Annual Result 3 Highlights Notes: (1) Rental uplift from new office lease deals; (2) Pro forma – refer capital management slide (page 16, note 1) for detail. CORE INVESTMENTS DEVELOPMENT CAPITAL PARTNERING 7.1 y r s Weighted average lease term (WALT) $0.5b Developments completed in FY26 $2.2b Committed capital partnerships (value on completion) Jun-25: 6.0 yrs 37 ,850 sqm of new leasing $0.9b Committed developments in progress (value on completion) $0.8b Growth in co-invested capital partnerships in FY26 Jun-25: 18,800 sqm 9.9% Office leasing spread1 54% Weighted ownership of committed developments 6.4% FY26 income return from cornerstone and fees (excl. developments) Jun-25: 17.2% Precinct delivered a year of strong execution, achieving record leasing activity while advancing transformative development and capital partnering initiatives 97% 7.3 1 c p s $1.13 29% Occupancy (Jun-25: 97%) Funds from operations (Jun-25: 7.10 cps) NTA per share (Jun-25: $1.21) Loan to value ratio2 Jun-25: 42%

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Executing on strategy Precinct Properties - FY26 Annual Result 4 Established new PwC Tower partnership • $600m headline sale price • PAG is a leading global investment firm and existing capital partner • New 50:50 partnership Acquired ASB North Wharf in partnership • $205m purchase price • Acquired by PPILP, Precinct’s partnership with global institutional investor, GIC • Precinct maintains a 24.9% stake in the partnership Completed Molesworth St office development • New premium Wellington office asset • 21-year WALT; fixed net rental growth • MFAT1 now largest client in Precinct portfolio Capital available to deploy • Pro forma gearing 29%2 • More than $1b of capital management initiatives in the period • Equity raise, asset sales and partnership transactions Note: (1) Ministry of Foreign Affairs and Trade; (2) Pro forma – refer capital management slide (page 16, note 1) for detail

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Underlying FFO Precinct Properties - FY26 Annual Result 13 • Cornerstone distributions: down due to sale of remaining interest in 40 & 44 Bowen St in late FY25; FY27 outlook stronger following acquisition of ASB North Wharf and PwC Tower partnership establishment • Development and trading: reflects recognition of development profits from 22 Stanley Street as the project is delivered. Revenue will continue to be released through to project completion in FY28 • Operating businesses: reflects sale of 1 Queen hotel offset by growth in Precinct Flex from operational reset cost savings • Management fee income: down due to sale of remaining interest in 40 & 44 Bowen in late FY25 and reduction in development fees from completion of Beca House and residential projects. FY27 outlook positive from ASB and PwC transactions • Employment and admin expense: up after adjusting for intersegment eliminations to present Precinct Flex on a like for like basis, with Flex staff recognised in PPML in FY26 Refer appendix for reconciliation of Directly-held property FFO to operating profit For the 12 months ended 30 Jun 2026 30 Jun 2025 Variance $ millions Audited Audited ($m) (%) Investment portfolio FFO $149.9 m $150.3 m ($0.4 m) (0.3%) Transactions and Developments FFO $11.8 m - +$11.8 m - Directly -held property FFO $161.7 m $150.3 m +$11.4 m +7.6% Cornerstone distributions attributable to the period $3.1 m $5.0 m ($1.9 m) (38.0%) Developments and trading $6.6 m - +$6.6 m - Operating businesses $5.2 m $5.7 m ($0.5 m) (8.8%) Management fee income $6.9 m $9.6 m ($2.7 m) (28.1%) Employment and admin expenses (adj.)1 ($7.1 m) ($5.9 m) ($1.2 m) +20.3% Share based LTI expense ($2.7 m) ($3.3 m) +$0.6 m (18.2%) Underlying FFO $173.7 m $161.4 m +$12.3 m +7.6% $173.7m + 7. 6 % Underlying FFO Increase on prior year Notes: (1) Adjusted to include intersegment revenue eliminations relating to investment management and exclude share based LTI expense; FY25 has been restated to present on the same basis; FY25 has been restated to present on the same basis. See note 2.1b Operating Segments in the financial statements.

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Participation Overview Current 4,5 Target The overarching measure Precinct has chosen to use as its core ESG performance benchmark is the Global Real Estate Sustainability Benchmark (GRESB). It is considered the global standard for ESG benchmarking and reporting for real estate entities. Score 91 Global Average 79 Public Disclosure A Global Average B Forsyth Barr Carbon & ESG Ratings is an influential research and rating assessment specific to NZX companies. A+ A Morgan Stanley Capital International (MSCI) ESG Rating aims to measure a company's resilience to long-term, financially relevant ESG risk. AA A or better NABERSNZ is a ratings scheme to measure and rate the energy performance of office buildings in New Zealand. 57% Portfolio: 100% 4 star by 2030 (Excellent) Green Star is an internationally recognised, rating system for the sustainable design, construction and operation of buildings, fitout and communities. 51% Portfolio: >60% 5 Star (Excellence) ESG metrics 54 Our strategy integrates sustainability to create value and resilience across our business • $1.7b1 of green assets across the direct portfolio • Largest portfolio of 4 & 5 Star Green Star Performance buildings in New Zealand, lifting by 2 year-on-year to 9 assets in FY26 • Advanced portfolio decarbonisation through all- electric developments and building upgrades, including 55 Molesworth Street 2 and Bowen House – which earned a 5.5 star NABERSNZ rating • Third year of climate-related disclosures, strengthening management of climate risks and opportunities • Internationally recognised sustainability performance, including the Deloitte Top 200 Sustainability Award and IWBI3 Global Innovation Award • Embedded carbon accountability through internal carbon pricing, emissions offsetting and adaptive reuse projects Precinct Properties - FY26 Annual Result Notes: (1) Includes on-completion value of committed developments; (2) pending Built certification for 55 Molesworth; (3) IWBI stands for International WELL Building Institute; (4) GRESB metrics relate to those received in 2025 as 2026 results are released in October; (5) Includes directly owned and partnership assets.

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Precinct Properties - FY26 Annual Result 58 REINZ Median House Price – Auckland Region• Sales activity and prices remains broadly stable , with Auckland transaction volumes currently tracking around their 20-year average despite ongoing economic and geopolitical uncertainty • Demographic change remains a key determinant of long -term demand , with population and migration trends expected to shape future residential demand across the city • Precinct is well positioned to benefit from structural shifts in Auckland , supported by our exposure to highly desirable residential locations • New supply remains constrained. With development activity near the bottom of this construction cycle and the current pipeline remaining limited, future uplift in demand will be absorbed by a limited number of available stock • Affordability of residential properties due to higher salaries and static prices could support residential market prices and transactions Auckland Demographic Shifts (2023 to 2033) 1 Sales volumes – Auckland Region Notes: (1) Precinct analysis, Stats NZ Data; (2) Stats NZ data. Residential building consents – Auckland Region 2 24.4k 25.3k 15k 20k 25k 30k 35k 40k Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 No. of sales (p.a) No. of sales p.a Current 20Y avg. Source: REINZ - $0.25m $0.50m $0.75m $1.00m $1.25m $1.50m (20%) (10%) - 10% 20% 30% Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 Median house price ($) Y/Y growth (%) Auckland HPI, LHS Auckland median sale price, RHS Source: REINZ Auckland Residential Market (20%) (10%) - 10% 20% 30% 40% 50% 60% 70% 80% (15k) (10k) (5k) - 5k 10k 15k 20k 25k 30k 35k 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90+ Change by # (LHS) Change by % (RHS) Student accom . Downsizers - 1k 2k 3k 4k 5k 6k - 5k 10k 15k 20k 25k Jun-92 Jun-94 Jun-96 Jun-98 Jun-00 Jun-02 Jun-04 Jun-06 Jun-08 Jun-10 Jun-12 Jun-14 Jun-16 Jun-18 Jun-20 Jun-22 Jun-24 Jun-26 Residential buildings, LHS Apartments, RHS

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