EQS-News

HAMBORNER REIT AG: Annual financial statements confirm successful business performance with revenue and earnings growth in 2023 – dividend proposal of €0.48 per share – AGM on 25 April 2024

EQS-News: HAMBORNER REIT AG / Key word(s): Annual Report/Annual Results HAMBORNER REIT AG: Annual financial statements confirm successful business performance with revenue and earnings growth in 2023 – dividend proposal of €0.48 per share – AGM on 25 April 2024 14.03.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE

HAMBORNER REIT AG: Annual financial statements confirm successful business performance with revenue and earnings growth in 2023 – dividend proposal of €0.48 per share – AGM on 25 April 2024

• Successful operating performance in challenging market environment
• Rental income of €91.1 million (+4.6%) and FFO of €54.7 million (+7.2%)
• Net asset value (NAV) per share of €10.02 (-15.5%)
• REIT equity ratio of 55.1% and loan-to-value (LTV) of 43.5%
• Dividend proposal raised by 2.1% year-on-year to €0.48

BUSINESS PERFORMANCE IN 2023

Duisburg, 14 March 2024 – HAMBORNER REIT AG today publishes its annual report for 2023 following another successful financial year and is confirming the preliminary figures released on 8 February 2024.

Although the 2023 financial year was characterised by a high degree of uncertainty and numerous negative factors, the company successfully continued its business performance, achieving its revenue forecast in full and exceeding its earnings target. The company’s financial position also remained comfortable, with a REIT equity ratio of 55.1% and loan-to-value (LTV) of 43.5%.

In a challenging transaction environment, the company was able to add another two high-quality, large-scale retail properties with long-term leases to its portfolio in 2023. The valuation of the property portfolio was adjusted in an intra-year appraisal of the portfolio as well as the regular year-end appraisal, which resulted in its fair value being reduced by 10.5% (like-for-like). This impairment was particularly due to the change in the interest rate environment.