EQS-News: Business Figures as at 31 December 2024

PRESS RELEASE

HAMBORNER REIT AG: Annual financial statements confirm stable business performance in line with planning in 2024 – Dividend proposal of €0.48 per share

• Operational business development as planned in a difficult market environment
• Rental income of €93.0 million (+2.0%) and FFO of €51.6 million (-5.6%)
• Net asset value (NAV) per share at €9.79 (-2.3%)
• REIT equity ratio at 55.2% and loan-to-value (LTV) at 43.7%
• Dividend proposal with €0.48 per share at previous year's level

BUSINESS FIGURES AS AT 31 DECEMBER 2024

Duisburg, 17 April 2025 - With today's publication of the annual report 2024, HAMBORNER REIT AG looks back on another successful financial year and can confirm the business figures announced in the publication of the preliminary annual results on 25 February 2025.

In the financial year 2024, the company successfully continued its business development, fully met its revenue forecast and exceeded its earnings target. At the same time, the financial situation remained comfortable with a REIT equity ratio of 55.2% and a loan-to-value (LTV) ratio of 43.7%.

As part of the regular external valuation of the portfolio at the end of the year 2024, a stabilisation of market values became apparent. Based on the revaluation, the fair value of the property portfolio (like-for-like) decreased by €28.3 million or 1.9%. As a result, the net asset value (NAV) per share decreased only slightly year-on-year by 2.3% to €9.79.

The company was also able to continue its largely stable business development at an operational level. Both the occupancy rate (97.2%) and the weighted average remaining term of lease agreements (5.8 years) were at a high level as at 31 December 2024.

DIVIDEND & ANNUAL GENERAL MEETING

In view of the business development in line with the expectations in 2024, the Management Board and Supervisory Board intend to propose to this year's Annual General Meeting on 26 June 2025 the distribution of a dividend at the previous year's level of €0.48 per share. Based on the current share price, this would correspond to a dividend yield of approximately 7.8 %.

GUIDANCE AND OUTLOOK

The company remains fundamentally positive about the course of the year 2024 and maintains the forecast issued last February for its expected business performance in the current year:

• Income from rents and leases: €87.5 - €89.0 million
• Funds from operations (FFO): €44.0 – €46.0 million

Due to the ongoing uncertainties regarding further developments on the property markets, no further property acquisitions and sales were included in the forecast.

For further information on the forecast assumptions and the key influencing factors, please see the section on the outlook in the 2024 annual report, which can be downloaded from the company's website at https://www.hamborner.de/en/financial-reports/.

With regard to future dividend payments, the company's Management Board and Supervisory Board agreed last week to distribute 60% to 70% of the FFO generated in the respective financial year to the shareholders. Taking into account the midpoint of the aforementioned FFO forecast, the dividend for the 2025 financial year would accordingly amount to €0.33 to €0.39 per share. The company will publish additional information on the adjusted dividend strategy and the decision criteria for the future assessment of the dividend amounts as part of the quarterly reporting due on May 8, 2025.

KEY FINANCIAL AND PORTFOLIO FIGURES AS AT 31 DECEMBER 2024

Explanations of the key figures that are presented can be found in the glossary.

ABOUT HAMBORNER REIT AG

HAMBORNER REIT AG is a SDAX-listed public limited company that operates exclusively in the real estate sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income based on a diversified portfolio of properties distributed throughout Germany with a total value of more than €1.4 billion. The portfolio focuses on modern office properties at established locations as well as attractive local supply properties as large-scale retail assets, retail parks and DIY stores in central inner-city locations, district centers or highly frequented suburban locations in large and medium-sized German cities.

HAMBORNER REIT AG is characterized by its many years of experience in the real estate and capital market, its consistent and sustainably attractive dividend strategy as well as its lean and transparent corporate structure. The company is a registered real estate investment trust (REIT) and benefits from corporation and trade tax exemption at company level.

CONTACT

Christoph Heitmann
Head of Investor Relations, Financing & Corporate Communications
Tel.: +49 (0)203 54405-32
Mail: info@ir.hamborner.de
Web: www.hamborner.de

DISCLAIMER

This press release has been issued by HAMBORNER REIT AG (hereinafter "HAMBORNER") solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of HAMBORNER ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from HAMBORNER's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by HAMBORNER and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should therefore not be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. HAMBORNER accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses, as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. HAMBORNER does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. HAMBORNER is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.