EQS-News: HAMBORNER REIT AG continues its planned business development in the third quarter of 2025

PRESS RELEASE

HAMBORNER REIT AG continues its planned business development in the third quarter of 2025

• Operational business development as planned
• Reduction of rental income by 2.8% to €67.9 million
• FFO down 12.2% to €36.7 million
• Reduction in loan-to-value (LTV) to 43.3% (-0.4%-points YTD)
• Net asset value (NAV) per share at €9.65 (-1.4% YTD)
• Confirmation of full-year forecast for 2025

BUSINESS FIGURES AS AT 30 SEPTEMBER 2025

Duisburg, 6 November 2025 – In a continuing challenging macroeconomic and industry-specific environment, HAMBORNER REIT AG was able to continue its operational business development as planned in the third quarter of the current year.

Income from rents and leases amounted to €67.9 million in the period from January to September 2025, 2.8% lower than in the same period of the previous year. The decline is primarily attributable to recent property disposals. Influenced by lower rental income and the increased cost burdens projected in the full-year outlook, funds from operations decreased by 12.2% to €36.7 million compared with the same period of the previous year. FFO per share decreased accordingly to €0.45 (previous year: EUR 0.51).

The company's financial situation remains comfortable. The REIT equity ratio remained at a high level of 55.8% as at 30 September 2025. Following an increase during the year, as a result of the dividend payment in the second quarter, the loan-to-value ratio (EPRA LTV) declined to 43.3% as at 30 September 2025.

PORTFOLIO DEVELOPMENT

At the beginning of the second quarter of 2025, ownership of the two most recently sold properties – the retail property in Lübeck and the office property in Osnabrück – was transferred to the respective buyers.

In consultation with the external appraiser, the company made fair value adjustments for a total of four office and retail properties as at 30 June 2025, which were primarily attributable to changes in the location and rental situation. In total, these adjustments resulted in a decline in fair value of €7.3 million or 0.5%.

There were no changes to the property portfolio in the third quarter of the current financial year. The portfolio therefore continued to comprise 38 retail and 26 office properties. The fair value of the total portfolio remained unchanged at €1,406.3 million as at 30 September 2025.

Net asset value (NAV) per share increased to €9.65 in the past quarter, down 1.4% compared to the end of 2024 (€9.79).

OPERATING BUSINESS DEVELOPMENT

At the operational level, the company also continued its steady business development and further intensified its leasing activities. In the first nine months of the financial year, contracts for rental space of around 25,000 m² (previous year: around 33,000 m²) were signed, with the vast majority of these being contract extensions with existing tenants within the office portfolio.

The average remaining term of the rental agreements (WALT) declined slightly in the first nine months and amounted to 5.5 years as at 30 September 2025, with terms within the retail and office portfolios amounting to 6.7 and 4.0 years, respectively. The EPRA vacancy rate fell slightly in the third quarter to 3.4% (30 June 2025: 3.5%).

OUTLOOK

In light of the continued business development in line with plans, the company reaffirms its fundamental outlook for the remainder of the year as published in the 2024 annual report.

Taking into account the forecast assumptions stated in the annual report, the company expects income from rents and leases in a range of €89.5 million to €90.5 million in the 2025 financial year, as well as funds from operations (FFO) in the range of €44.0 million to €46.0 million.

KEY FINANCIAL AND PORTFOLIO FIGURES AS AT 30 SEPTEMBER 2025

The full financial statement for the third quarter of 2025 is available for download in the Financial Reports section of the company's website. Further information on the key performance indicators is available in the glossary.

ABOUT HAMBORNER REIT AG

HAMBORNER REIT AG a public company listed in the SDAX that operates exclusively in the property sector and is positioned as a portfolio holder for high-yield commercial properties. The company generates sustainable rental income on the basis of a diversified portfolio of properties distributed throughout Germany with a total value of around €1.4 billion. The portfolio focuses on attractive local supply properties such as large-scale retail assets, retail parks and DIY stores in city-centre locations, district centres and highly frequented edge-of-town sites in large and medium-sized German cities, as well as modern office properties in established locations.

HAMBORNER REIT AG is distinguished by its many years of experience on the property and capital market, its consistent and sustainably attractive dividend strategy and 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
T.: +49 (0)203 54405-32
M: info@ir.hamborner.de
W: 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.